Tinubu lauds Dangote Group’s contribution to Nigeria’s economic system

President Bola Ahmed Tinubu has counseled the Dangote Group for its vital contribution to Nigeria’s financial progress.

He cited the conglomerate’s strategic investments in key sectors as instrumental in boosting home manufacturing, creating jobs, decreasing dependence on imports, conserving international trade and strengthening the nation’s industrial capability.

The President gave the commendation throughout a go to to the Dangote Group pavilion on the ongoing thirty second Nigeria Economic Summit on the Transcorp Hilton, Abuja, on Monday. He was represented on the occasion by Vice President Kashim Shettima.

Tinubu praised the Group’s efficiency throughout its enterprise operations, highlighting the vital function of private-sector investments in increasing productive capability, stimulating financial actions and supporting nationwide growth.

“The Dangote Group has investments spanning cement manufacturing, fertiliser manufacturing, sugar refining, salt processing and petroleum refining.

“These investments contribute to local value addition, employment generation and the development of domestic supply chains, while supporting efforts to reduce Nigeria’s dependence on imported products,” he mentioned.

He mentioned his administration is creating circumstances for private and non-private sectors to speculate, increase and generate productive employment.

Dangote Group is the second greatest employer of labour after the federal authorities.

The 2026 Nigeria Economic Summit, themed “Growth That Works: Delivering Jobs, Productivity and Shared Prosperity,” was declared open by the President, who used the event to defend the Federal Government’s ongoing financial reforms and emphasise the significance of business concord and private-sector-led progress.

The summit brings collectively policymakers, enterprise leaders, traders and different stakeholders to debate sensible methods for accelerating financial progress, enhancing productiveness, producing employment and making certain that the advantages of financial enlargement attain extra Nigerians.

The President’s commendation underscores the significance of sustained collaboration between authorities and the personal sector in constructing a extra productive, aggressive and resilient Nigerian economic system.

He mentioned Nigeria has carried out under its potentials for much too lengthy, however “there is no shortcut for economic development.”

We got here to rewrite the story of a nation that has carried out under its potentials for much too lengthy,” he mentioned.

Through its investments in strategic industries, the Dangote Group stays a significant private-sector participant in Nigeria’s industrialisation drive, with the potential to deepen native manufacturing, strengthen provide chains and assist the nation’s broader financial growth targets.

Through the Dangote Group’s diversified operations, the conglomerate has established a considerable presence throughout vital sectors of the economic system, offering services that assist building, agriculture, manufacturing, power and different productive actions.

One of its investments is the Dangote Petroleum Refinery and Petrochemicals advanced in Lagos, which has the potential to rework Nigeria’s downstream petroleum business by growing home refining capability and decreasing the nation’s reliance on imported refined petroleum merchandise.