Govt Commends Dangote’s Complementary Economic Revival Efforts

NIGERIA-HEALTH-EBOLA-WAFRICABusiness magnate man Aliko Dangote, ranked by Forbes Magazine as the richest man in Africa. (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)
  • 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.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]; Tel: +2347065163489.

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