National Telescope national telescope newspaper
Aliko Dangote, Nigeria’s foremost industrialist, has expressed his unwavering commitment to transforming the Nigerian economy through groundbreaking projects that have significantly reshaped the nation’s industrial landscape.
In a recent statement, Dangote noted the critical role of pioneering initiatives in driving economic growth, stating, “Someone must take the lead before others follow.”
He recalled Nigeria’s past as one of the largest importers of cement, and how, under his leadership, the nation transitioned from importing to exporting cement. “This same success story applies to sugar, salt, and now fertilizer.
“These breakthroughs have paved the way for other investors in these industries, ultimately benefiting Nigeria as a whole,” Dangote added.
Highlighting his deep commitment to the Nigerian economy, Dangote noted that his business ventures, while profit-driven, are designed to reinvest earnings back into Nigeria.
“Every naira Dangote makes goes back into Nigeria’s economy, from cement to salt, sugar, and fertilizer,” he explained.
Mr. Devakumar Edwin, Group Executive Director of Dangote Industries, further elaborated on the business strategy behind the Dangote Refinery, which is poised to become a major player in the petroleum sector.
He outlined the refinery’s approach to minimising energy and production costs while maximising value addition and gasoline production, which is in high demand.
The refinery is expected to produce Euro V standard products and create a market worth $21 billion annually for Nigerian crude.
During a visit by fellow professionals, Engr. Babajide Soyode, Technical Consultant to the Dangote Refinery, expressed his pride in being part of the project.
“I knew the project was a challenging one, but Aliko Dangote’s determination is even stronger. His corporate vision is to meet the needs of the people, and it is the greatest honour of my life to be part of this project,” Soyode remarked.
The Dangote Refinery is set to begin the production of petrol, a move that is expected to significantly boost local supply, reduce Nigeria’s reliance on imports, and save substantial foreign exchange for the country.
