Aliko Dangote, who is the president of the Dangote Group, has
urged Nigerians to see the current economic challenges as a wake-up
call to build the nation through productive activities.
Africa’s richest businessman said that the economic downturn was ravaging most countries of the world including Nigeria. According to him the situation was not insurmountable if properly addressed and it should serve as a stepping stone to make the country strong economically.
On Sunday Dangote told a delegation of cement distributors from across the country that Nigeria remained the destination of choice for investments despite the economic and security challenges.
He was sure that with good support from the government of the day, the current challenges would soon be a thing of the past and Nigeria would come out stronger.
Dangote said: “I have always said it that Nigeria is a good place for investment. God has given us in Nigeria what many other countries don’t have and they keep searching for. We have got fertile land for agriculture, we have mineral resources and we have oil. All we need to do is to harness them for our good.The present challenges we are facing should not deter us from growing our economy. They shouldn’t stop us from investing. The current situation just a passing phase. Other countries referred to as developed started from somewhere. They all experienced some of these challenges in the past. So, I want us to see these challenges as obstacles towards attaining greatness.”
He added that it was for these reasons that he had continued to invest in the country’s economy. He explained:“If Nigerians do not invest in their country, other people will not come. They will want to see our success story before they can come.”
Aliko Dangote is the biggest loser among Nigeria’s richest people as the Naira’s slump, coupled with falling stock prices, has erased more than $7.8 billion of his fortune since February 2014, when Forbes locked in the values for its annual ranking of the World’s Billionaires.
According to the latest figure provided by Bloomberg Billionaires, Dangote lost almost half of his $21billion in 6 months.
Africa’s richest businessman said that the economic downturn was ravaging most countries of the world including Nigeria. According to him the situation was not insurmountable if properly addressed and it should serve as a stepping stone to make the country strong economically.
On Sunday Dangote told a delegation of cement distributors from across the country that Nigeria remained the destination of choice for investments despite the economic and security challenges.
He was sure that with good support from the government of the day, the current challenges would soon be a thing of the past and Nigeria would come out stronger.
Dangote said: “I have always said it that Nigeria is a good place for investment. God has given us in Nigeria what many other countries don’t have and they keep searching for. We have got fertile land for agriculture, we have mineral resources and we have oil. All we need to do is to harness them for our good.The present challenges we are facing should not deter us from growing our economy. They shouldn’t stop us from investing. The current situation just a passing phase. Other countries referred to as developed started from somewhere. They all experienced some of these challenges in the past. So, I want us to see these challenges as obstacles towards attaining greatness.”
He added that it was for these reasons that he had continued to invest in the country’s economy. He explained:“If Nigerians do not invest in their country, other people will not come. They will want to see our success story before they can come.”
Aliko Dangote is the biggest loser among Nigeria’s richest people as the Naira’s slump, coupled with falling stock prices, has erased more than $7.8 billion of his fortune since February 2014, when Forbes locked in the values for its annual ranking of the World’s Billionaires.
According to the latest figure provided by Bloomberg Billionaires, Dangote lost almost half of his $21billion in 6 months.
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