The President of Dangote Group, Aliko Dangote, says that electricity generation for Nigerians is his next investment.
Dangote stated this in a recent interview with New York Times.
Dangote, whose conglomerate spans cement, sugar, salt, fertiliser, and petrochemicals, said, ” We have to industrialise Africa.”
He emphasised that his next focus areas include the steel industry, expanding access to electricity, and building additional port infrastructure to support large scale manufacturing and trade.
Aliko Dangote recently urged the Nigerian government to hold an emergency national summit to address the country’s chronic electricity crisis, identifying it as the biggest threat to industrialisation and economic growth.
He argues that unreliable power,, worsened by recent gas supply disruptions, cripples manufacturing and demands immediate, targeted action.
“No Power, No Growth”, said Dangote , emphasising that stable electricity is essential for economic expansion and industrial productivity, warning that the current situation is hindering Nigeria’s $500 billion economy goal.
Dangote said that the company would continue to invest aggressively in sectors that reduce import dependence and retain economic value within Africa.
“Nobody dared to do it, so we did it,” the businessman said, reiterating his belief that large scale private investment is key to transforming Nigeria’s industrial landscape.
