Markets

Govt Commends Dangote’s Complementary Economic Revival Efforts

  • Govt Commends Dangote’s Complementary Economic Revival Efforts

The Federal Government has lauded the complementary roles being played by the largest indigenous conglomerate, the Dangote Industries Limited, in the transformation of Nigeria’s economy, saying the company deserved to be encouraged.

Vice-President Yemi Osinbajo, who gave the commendation on Monday during the opening of the 24th Nigeria Economic Summit in Abuja, said the conglomerate had proved a worthy partner in the government’s effort at diversifying and revitalising the economy, especially through its backward integration in cement and sugar.

He stated that the government was proud of the management of the DIL and aligned itself with the Dangote brand as it was adding value to Nigeria’s economy.

“We align with Dangote as a brand. Its uniqueness, acceptability and popularity is second to none and the brand has shored up activities in the nation’s industrial sector”, Osinbajo pointed out.

The vice-president, who led the leadership of the Nigeria Economic Summit Group and top government officials to the Dangote booth, said he could confirm that Dangote was a value adding entity.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

9 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

10 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

10 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

11 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

11 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

12 hours ago