• About
  • Advertise
  • Contact
Thursday, September 11, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

At AFRICA CEO FORUM, Dangote Calls For More Investments To Propel Africa’s Economic Growth

Vital News by Vital News
May 18, 2024
in Economy
0
At AFRICA CEO FORUM, Dangote Calls For More Investments To Propel Africa’s Economic Growth

President, Dangote Group, Mr Aliko Dangote being welcomed by the Rwandan President, Paul Kagame, at the African CEO Summit in Kigali, Friday 17th May, 2024

Share on FacebookShare on Twitter

President of the Pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote has called for increased investments in the African continent to foster rapid economic growth and development.

Dangote made the call while speaking at the largest gathering of private sector leaders in Africa, the Africa CEO Forum in Kigali, Rwanda.

Dangote emphasized that recent trends underscore Africa’s pivotal role as the future epicenter of global progress.

The business mogul cautioned against the continent’s overreliance on raw material exports, but advocating instead for strategic investments that will propel indigenous industries.

He urged African nations to resist the urge to export raw materials but to nurture domestic manufacturing capabilities so as to reduce dependency on imported consumer goods.

RelatedStories

Dangote Cement Pays Over N3.3trillion Dividends To Shareholders In 15 years

Ogun Is Nigeria’s Top Investment Destination, Gov Abiodun Tells AfCFTA Panel In Algiers

NNPCL MD, Ojulari Raises Alarm Over Serious Threat To Life, Other Top Shots

Dangote Group, EIH Partner To Build $2.5billion 3million Metric Tons Fertiliser Plant In Ethiopia

“Looking ahead, Africa holds the key to its greatness.

“I’m not merely investing money but dedicating my entire being to this cause. In Africa, possibilities are boundless.

“It is like a scratch card; you won’t know what is inside unless you scratch it.

“For some of us, despite the boom of the capital market in the US, we didn’t really participate, rather we invested in Africa,” he affirmed.

Over the past seven years, Dangote said he had channelled over $25 billion into bolstering Africa’s self-sufficiency in vital sectors such as fertilizers, petrochemicals, and refined products.

Notably, he said the monumental Dangote Refinery, boasting a capacity of 650,000 barrels per day, stands poised to meet the burgeoning demand across West Africa, Central Africa, and South Africa.

President, Dangote Group, Mr Aliko Dangote being welcomed by the Rwandan President, Paul Kagame, at the African CEO Summit in Kigali, Friday 17th May, 2024

“We have finished our refinery; it is quite big. We believe it is what Africa needs.

“If you look at the entire continent, there are only two countries that don’t import petroleum products, only Algeria and Libya but the rest import.

“We need to change that, so we don’t just produce raw materials but finished products and create jobs.

“One of the things we need to know as Africans is that when we produce raw material and export them while others dump finished products on our continent, what we are doing is that we are importing poverty while exporting jobs. We must change the narrative.

“We just commissioned in February. We are producing jet fuel and diesel. By next month, we will be producing gasoline but what that will do is that it will be able to take most of the African crudes that are being produced and be able to supply refined products not only in Nigeria because our capacity is too big for Nigeria.

“It will be able to supply in West Africa, Central Africa and South Africa. This is the first phase, we are going to the next phase by next year,” he said.

Expressing concern over Africa’s paradoxical export of raw materials juxtaposed with an influx of imported finished goods, Dangote underscored the urgent need to reverse this trend.

He lamented that exporting raw materials while importing finished goods perpetuates a cycle of job loss and poverty.

Founded in 2012, the Africa CEO Forum, is a platform through which African decision-makers connect with each other continuously, as well as with international investors and institutions operating on the continent..

It has evolved into an organisation dedicated to facilitating business in Africa through the exchange of ideas and experiences.
(vitalnewsngr.com)

 

 

 

 

 

Tags: AfricaCEODangoteexport
Previous Post

Socialite Businessman, Alhaji Shakiru Olanrewaju Kassim “SHOKAS” Dies At 87

Next Post

Makinde Approves Recruitment Of 7,000 Teachers Into Oyo Primary Schools

Vital News

Vital News

RelatedStories

Dangote Cement Pays Over N3.3trillion Dividends To Shareholders In 15 years
Business

Dangote Cement Pays Over N3.3trillion Dividends To Shareholders In 15 years

September 10, 2025
Ogun Is Nigeria’s Top Investment Destination, Gov Abiodun Tells AfCFTA Panel In Algiers
Business

Ogun Is Nigeria’s Top Investment Destination, Gov Abiodun Tells AfCFTA Panel In Algiers

September 8, 2025
NNPCL Unveils New Senior Management Team
Economy

NNPCL MD, Ojulari Raises Alarm Over Serious Threat To Life, Other Top Shots

August 28, 2025
Dangote Group, EIH Partner To Build $2.5billion 3million Metric Tons Fertiliser Plant In Ethiopia
Business

Dangote Group, EIH Partner To Build $2.5billion 3million Metric Tons Fertiliser Plant In Ethiopia

August 28, 2025
Ogun Revenue Agency Lauds Dangote Cement For Exemplary Tax Compliance
Economy

Ogun Revenue Agency Lauds Dangote Cement For Exemplary Tax Compliance

August 26, 2025
Next Post
Makinde Approves Recruitment Of 7,000 Teachers Into Oyo Primary Schools

Makinde Approves Recruitment Of 7,000 Teachers Into Oyo Primary Schools

Former INEC REC, Mrs Ayoka Adebayo Dies At 88

Former INEC REC, Mrs Ayoka Adebayo Dies At 88

NUJ South West Zone Commends Abiodun For Appointing Journalist As Ogun Head of Service

NUJ South West Zone Commends Abiodun For Appointing Journalist As Ogun Head of Service

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Afenifere Factional Leader, Pa Ayo Adebanjo Dies At 96

President Tinubu Mourns Pa Ayo Adebanjo, Says His Legacies Will Inspire Generations To Come

7 months ago
Sexual Exploitation : Popular Ibadan Skit Maker, Trinity Guy Sent To Prison

Sexual Exploitation : Popular Ibadan Skit Maker, Trinity Guy Sent To Prison

2 years ago
Dangote Group, CNBM Of China Sign Strategic Cooperation Agreement

Dangote Group, CNBM Of China Sign Strategic Cooperation Agreement

11 months ago

Violence : Kano Pillars banished to Abuja, to pay N9 mln fine, lose 3points

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Dangote Cement Pays Over N3.3trillion Dividends To Shareholders In 15 years

Alleged $7.2billion Fraud : Ex-NNPC CEO, Mele Kyari In EFCC Custody

A CALL TO SAVE KOGI STATE’S EDUCATIONAL SYSTEM by Friday Ogungbemi

NISO Blames Collapse Of National Grid On Tripping Of A Generation Company

Photo News : President Bola Tinubu Visits President Emmanuel Macron In France

Kogi Police Command Confirms killing Of Three Officers By Gunmen

Trending

2027 : Former APC National Chairman, John Oyegun, Aregbesola, Atiku, David Mark, Obi, Amaechi Team Up Against Tinubu
Politics

INEC Recognises Mark, Aregbesola As New National Officers Of ADC

by Vital News
September 10, 2025
0

The Independent National Electoral Commission (INEC) has formally recognized former Senate President David Mark as the new...

2025 IYD : LASG Promises To Continue To Initiate, Implement Youth – oriented Policies, Programmes

2025 IYD : LASG Promises To Continue To Initiate, Implement Youth – oriented Policies, Programmes

September 10, 2025
Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

September 10, 2025
Dangote Cement Pays Over N3.3trillion Dividends To Shareholders In 15 years

Dangote Cement Pays Over N3.3trillion Dividends To Shareholders In 15 years

September 10, 2025
Alleged $7.2billion Fraud :  Ex-NNPC CEO, Mele Kyari In EFCC Custody

Alleged $7.2billion Fraud : Ex-NNPC CEO, Mele Kyari In EFCC Custody

September 10, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • INEC Recognises Mark, Aregbesola As New National Officers Of ADC September 10, 2025
  • 2025 IYD : LASG Promises To Continue To Initiate, Implement Youth – oriented Policies, Programmes September 10, 2025
  • Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi September 10, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In