*The Dangote Industries Limited restates the company鈥檚 commitment to driving the diversification of the Nigerian economy, for growth and job prospects through strategic investments

Isola Moses | 绿帽献妻

The Dangote Industries Limited (DIL) has restated its commitment to driving the diversification of the Nigerian economy for growth and job prospects through strategic investments.

In line with the business philosophy of the conglomerate, the Lagos Chamber of Commerce and Industries (LCCI) has described DIL as the pillar and strength of the West African country’s economy in regard to its diverse investments in several sectors.

Dangote also daid while it produces critical household items, some of its other products serve as either feedstock or raw materials for other manufacturers as a sure way of galvanising Nigeria’s economic independent through industrialisation.

Hajiya Fatima Aliko-Dangote, Group Executive Director, Commercial Operations, Dangote Industries Limited, restated the company’s commitment to the country’s industrial growth and development during the Dangote Group Special Day ceremony at the ongoing 2024 Lagos International Trade Fair, in Lagos.

Likewise, Mr. Gabriel Idahosa President of the Lagos Chamber of Commerce and Industry, described Dangote Group as a pillar of industrial strength and resilience for the country.

Represented at the event by Mr. Dolapo Alli, Director, Depot and Logistics, Dangote Cement Plc, the Group Executive Director also said: “As a strategic sponsor of the Lagos International Trade Fair, this year鈥檚 theme, 鈥淐onnecting Businesses, Creating Value鈥�, resonates deeply with business objectives of the conglomerate.

She further noted: “At Dangote Group, our focus is on manufacturing.

“As a manufacturer, we rely on a network of suppliers and service providers for inputs and materials that we cannot source on our own.

“This commitment informs our active membership in the LCCI and our consistent participation in its activities.”

Fatima Aliko-Dangote stated that “businesses need connections at various levels鈥攂usiness-to-business, distributorship, and ultimately with the final consumers.”

She equally affirmed that “our recent flagship project, the Dangote Refinery and Petrochemicals, has commenced operations with the rollout of Premium Motor Spirit (PMS), automotive gas oil, JET A1, and other products, including polypropylene.

“We are optimistic that many new manufacturing outfits will emerge relying on both the products and byproducts of the petroleum complex as feedstock in their production processes,” she said.

According to Hajiya Aliko-Dangote, the evolution of these mutual interdependent industries is expected to revolutionise the Nigerian economy by creating linkages between different industrial sectors.

The linkages will provide cushions to the economy, preventing disruptions in production as raw materials are available, she noted.

The Group Executive Director at DIL explained: “Linkages are vital in sustainable economic and industrial development.

“We are envisaging a connected and interlinked manufacturing sector that will produce goods that are usually imported, and in the process create more jobs for the growing youth population.”

She emphasised that “our participation in this Fair, apart from the exhibitions, is to seek connections with other businesses.

“We have dedicated staff on ground manning the offices at our stand who are to provide necessary information to all businesses and individuals who desire to do business with us.”

On the Group’s interventions, Fatima Aliko-Dangote disclosed “we have commenced export of products from our petroleum refinery to other parts of the world. We also export fertiliser.

“Dangote Group has actively participated in road construction and rehabilitation projects aimed at improving transport conditions.

“The Group also plays a critical role in export financing, particularly through its cement business.”

She also noted: “Our business units are at the forefront of creating values.

“It is on record that Dangote Cement enabled Nigeria to attain self-sufficiency in local production of cement.

“Nigeria is not only a leading producer of cement, but our export capacity has helped also reduced pressure on foreign exchange.”

The Group Executive Director stated: “Dangote Fertiliser Limited is the largest Granulated Urea Fertiliser complex in Africa.

“Dangote Sugar is committed to ensuring that Nigeria ends the importation of raw sugar into the country by actively intensifying its execution of the Sugar Backward Integration.”

Mr. Idahosa, President of LCCI, said that in a nation facing complex economic challenges, the Dangote Group had remained a pillar of industrial strength and resilience, embodying the values of innovation, diversification, and a steadfast commitment to Nigeria鈥檚 economic growth.

He added that the Dangote Group鈥檚 journey is a story of strategic diversification and visionary leadership, capitalising on Nigeria鈥檚 rich natural resources and creating millions of jobs, opportunities for SMEs, and an environment for foreign investments.

Idahosa further said that the Group鈥檚 commitment to backward integration, where inputs are sourced locally whenever possible, has not only reduced its exposure to foreign exchange volatility but also spurred local industry development.

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