{"id":71409,"date":"2023-05-01T15:48:16","date_gmt":"2023-05-01T14:48:16","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=71409"},"modified":"2023-05-01T16:13:37","modified_gmt":"2023-05-01T15:13:37","slug":"economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/","title":{"rendered":"Economist: Dismantle Trade Barriers To Sustain Growth, Dangote Urges African Countries"},"content":{"rendered":"
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n

\u2026<\/b>Commits over $20bn to Pan-African Investments<\/p>\n

\u00a0<\/i><\/b><\/p>\n

Africa\u2019s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent.<\/p>\n

The leading private sector player also expressed the irrevocable commitment of his Pan-African conglomerate, Dangote Industries Limited to solving some of the economic challenges faced by the African continent and her people. To realise this goal, the organisation has committed over 20 billion dollars on investments in several key sectors of the African economy.<\/p>\n

\"\"Dangote who made this disclosure said the massive investments were meant to turn around Africa\u2019s economic fortunes in the quest for sustained economic growth of the continent through free trade and economic integration.<\/p>\n

Speaking in Lagos at the launch of a Special publication \u201cThe World Ahead 2023\u201d by the renowned media outfit,\u00a0The Economist<\/i>, Dangote, who was represented by the Group Executive Director\/Group Chief Risk Officer, Dangote Industries Limited, Dr. Adenike Fajemirokun, noted that the crucial task of building a sustainable future that guarantees equitable growth and prosperity for all, should not be the exclusive role of the public sector alone, but should also involve the private sector.<\/p>\n

\u201cOur massive investments of over 20 billion dollars across key industries, including Energy, Agriculture, and Infrastructure. Our recently commissioned 3Million Metric Tonnes\u2019 Fertiliser Plant, expansions in cement production, and our soon-to-be commissioned 650,000 barrels per day world\u2019s largest single-train refinery, are all set to empower farmers, foster backward integration, create thousands of jobs, eliminate our dependence on imported products, and improve our nation\u2019s foreign exchange earnings significantly.<\/p>\n

\"\"\u201cWe are also confronting environmental issues through our investment in alternative fuels, as well as unlocking enormous opportunities in the communities where we have our footprints, while ultimately ensuring that we keep delivering huge value to our shareholders.<\/p>\n

\u201cThe multilayered issues that we face globally and across regions today, ranging from rising energy costs, food insecurity, supply-chain disruptions, access to quality healthcare, cybersecurity, inflation amongst others brought about by the pandemic or other human factors like the Russia-Ukraine war, call for\u00a0an objective rethink of\u00a0geopolitics and geo-economics,\u00a0especially as they vastly affect policy execution and the ease of doing business in more vulnerable economies,\u201d he stated.<\/p>\n

Drawing the attention of the international audience to the need for all hands to be on deck towards lifting Africa above the various socio-economic challenges facing the member-countries, Dangote pointed out that the African population has been growing exponentially.<\/p>\n

\u201cNigeria, for instance, is projected to be the world\u2019s third largest population by 2050 surpassing the United States, only behind India and China, so the question of sustained economic growth has become increasingly critical and isn\u2019t one for a single sector to tackle alone. To secure the future of our country and our continent we must forge strong public-private partnerships and dismantle regional barriers with vehicles like the African Continental Free Trade Agreement (AfCFTA).\u201d<\/p>\n

Dangote advised that \u201cgoing forward, the overarching conversations, whether at global or regional levels, in emerging markets or in OECD countries, must be refocused towards exploring the specifics of our fast-changing world, in order to align public-private perspectives and identify areas for collaboration for the collective good of people, planet, and profit.\u201d<\/p>\n

He commended \u2018The Economist\u2019<\/i>\u00a0for putting together the publication that was being launched, describing it as a rich body of work that offers useful data for all sectors to draw insights from and synthesize the same towards arriving at cutting-edge action points.<\/p>\n

In his remarks, Lagos State Deputy Governor, Dr. Obafemi Hamzat described the publication as a valuable document for policymakers and strategic planners, and noted that its contents reaffirm part of the strategies the Lagos State government has executed to make Lagos assume its status as the preferred destination of choice for investors.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

According to him, Lagos has just 0.4 per cent of the land mass of Nigeria but has 11 per cent of the country\u2019s population, which explains why some of the challenges in Lagos are peculiar to the metropolis, disclosing that some of the strategies adopted by the state government are geared toward solving the challenges.<\/p>\n

He said Lagos is Africa\u2019s fastest growing economy and added that a key policy of the state government is to improve its investment profile by providing an enabling environment. Hamzat also noted that the state has invested billions of Naira in infrastructure and technology, citing the Lekki Deep Seaport as one of the enablers which has made Lagos to attract 60 per cent of the Foreign Direct Investment into Nigeria.<\/p>\n

Also speaking, the Regional Executive and Managing Director of Ecobank Nigeria Limited, Mr. Mobolaji Lawal hailed the\u00a0Economist<\/i>\u00a0special launch, as it provides an opportunity for knowledge sharing for the government and private sector to explore emerging opportunities in the digital space.<\/p>\n

\u201cIf we get it right, it will stimulate growth and drive transformation and ensure economic growth\u201d, the Ecobank boss stressed.<\/p>\n

\u00a0<\/b><\/p>\n

Caption:<\/b><\/p>\n

The renowned The Economist Group at the weekend in Lagos launched its special publication titled \u201cThe World Ahead 2023\u201d.<\/p>\n

\u00a0<\/i><\/b><\/p>\n

Pix 1: (L-R): Group Executive Director\/Group Chief Risk Officer, Dangote Industries Limited, Dr Adenike Fajemirokun; Lagos State Deputy Governor, Dr Kadri Obafemi Hamzat and Regional Executive\/Managing Director, Ecobank Nigeria Limited, Bolaji Lawal at the launch of \u201cThe World Ahead 2023\u201d a special publication of the renowned The Economist in Lagos at the weekend.<\/i><\/b><\/i><\/b><\/p>\n

\u00a0<\/i><\/b><\/p>\n

Pix 2: (L-R): Lagos State Commissioner for Finance, Dr. Rabiu Olowo; Managing Director, CT Productions, Camelia Oros Tsarouchis; Group Executive Director\/Group Chief Risk Officer, Dangote Industries Limited, Dr Adenike Fajemirokun and Regional Executive\/Managing Director, Ecobank Nigeria Limited, Bolaji Lawal at the launch of \u201cThe World Ahead 2023\u201d a special publication of the renowned The Economist in Lagos at the weekend.<\/i><\/b><\/p>\n

\n

Pix 3: (L-R): Managing Director, CT Productions, Camelia Oros Tsarouchis; Group Executive Director\/Group Chief Risk Officer, Dangote Industries Limited, Dr Adenike Fajemirokun and Regional Executive\/Managing Director, Ecobank Nigeria Limited, Bolaji Lawal at the launch of \u201cThe World Ahead 2023\u201d a special publication of the renowned The Economist in Lagos at the weekend.<\/i><\/b><\/p>\n

\u00a0<\/span><\/p>\n

\n

\n<\/div>\n

\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

Africa\u2019s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent<\/p>\n","protected":false},"author":6,"featured_media":71420,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[2972],"coauthors":[2391],"class_list":["post-71409","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-alhaji-aliko-dangote"],"yoast_head":"\nEconomist: Dismantle Trade Barriers To Sustain Growth, Dangote Urges African Countries - National Wire<\/title>\n<meta name=\"description\" content=\"Africa\u2019s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economist: Dismantle Trade Barriers To Sustain Growth, Dangote Urges African Countries - National Wire\" \/>\n<meta property=\"og:description\" content=\"Africa\u2019s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-01T14:48:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-01T15:13:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/05\/thumbnail.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"231\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/05\/thumbnail.jpeg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/05\/thumbnail.jpeg\",\"width\":400,\"height\":231},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/\",\"name\":\"Economist: Dismantle Trade Barriers To Sustain Growth, Dangote Urges African Countries - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/#primaryimage\"},\"datePublished\":\"2023-05-01T14:48:16+00:00\",\"dateModified\":\"2023-05-01T15:13:37+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"Africa\u2019s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economist: Dismantle Trade Barriers To Sustain Growth, Dangote Urges African Countries\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economist: Dismantle Trade Barriers To Sustain Growth, Dangote Urges African Countries - National Wire","description":"Africa\u2019s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/","og_locale":"en_US","og_type":"article","og_title":"Economist: Dismantle Trade Barriers To Sustain Growth, Dangote Urges African Countries - National Wire","og_description":"Africa\u2019s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to","og_url":"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/","og_site_name":"National Wire","article_published_time":"2023-05-01T14:48:16+00:00","article_modified_time":"2023-05-01T15:13:37+00:00","og_image":[{"width":400,"height":231,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/05\/thumbnail.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/05\/thumbnail.jpeg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/05\/thumbnail.jpeg","width":400,"height":231},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/","name":"Economist: Dismantle Trade Barriers To Sustain Growth, Dangote Urges African Countries - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/#primaryimage"},"datePublished":"2023-05-01T14:48:16+00:00","dateModified":"2023-05-01T15:13:37+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"Africa\u2019s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/economist-dismantle-trade-barriers-to-sustain-growth-dangote-urges-african-countries\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"Economist: Dismantle Trade Barriers To Sustain Growth, Dangote Urges African Countries"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/71409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=71409"}],"version-history":[{"count":2,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/71409\/revisions"}],"predecessor-version":[{"id":71424,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/71409\/revisions\/71424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/71420"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=71409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=71409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=71409"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=71409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}