" /> Dangote charges FG on policies to attract investors, fast-track growth | Hallmarknews
Published On: Tue, Oct 6th, 2015

Dangote charges FG on policies to attract investors, fast-track growth

Nigerian billionaire Aliko Dangote on Tuesday called on the Federal Government to implement policies that would attract investors and enable manufacturing sector to thrive and fast-track economic growth.

Dangote, the chairman of Dangote Group, made this known while speaking with newsmen during a condolence visit to the Awolowo family over the death of Mrs Hannah Awolowo (HID) at the family’s residence in Ikenne-Remo, Ogun.

He also said that he had no interest in actively participating in politics, saying business and politics should never be mixed.

The business mogul said that the set of skills required to become successful in business differed from those of politics.

“I can’t be in politics because they say when you want to clap you need two hands.

READ  Don’t celebrate yet, agitation for restructuring not over- Uko warns presidency

“If all of us in business go into politics then who is going to create the jobs?

“We are in the private sector so we should be creating jobs. Government should be creating good policies and also ensuring that we are not taking advantage of the poor.

“They are doing what they know how to do best and we are also doing what we know how to do best. Each is a master in its own terrain,” Dangote said.

He advised that Nigerians should not worry too much about fall in oil prices, saying that the economy would soon become stable through the austerity measures adopted by government.

READ  Non Yoruba in S/West inaugurate forum, vow to take rightful place in zone's politics

“During the oil boom, when a barrel of oil sold above $100, there were too many leakages which the Federal Government is now trying to resolve by plugging them.

“When this is effectively achieved, I believe the economy will begin to regain its stability.

“However, we must begin to explore other avenues to wealth aside from crude oil, especially agriculture which we were formerly used to. We really should not be complaining.” he said.

Mr Femi Otedola, another business man, was in Dangote’s entourage.

Both men described the late HID Awolowo as a great woman whose name would forever remain immortalised in the nation’s history. (NAN)

 

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Recent posts

  • Nigeria lacks leaders with moral compass – Amb Keshi

    By Obinna Ezugwu Former Permanent Secretary, Ministry of Foreign Affairs, Ambassador Joe Keshi has decried what he called the lack of moral compass among Nigeria’s political elite, noting that poor leadership was the country’s biggest challenge. Keshi who bared his mind in a chat with BusinessHallmark in his Lagos home recently, regretted that virtually all […]

  • Non Yoruba in S/West inaugurate forum, vow to take rightful place in zone’s politics

    By Obinna Ezugwu Political and cultural leaders of various ethnic groups resident in the South West, Saturday last week at Ota, Ogun State, came together under the aegis of Non Yoruba Indigenes Empowerment Initiative, to seek ways of working together for a fair deal in the zone’s polity ahead of the 2019 general election. Various […]

  • Don’t celebrate yet, agitation for restructuring not over- Uko warns presidency

    By Obinna Ezugwu Founder, Igbo Youth Movement (IYM) and Secretary General, Eastern Consultative Assembly (ECA), Evang Elliot Uko has warned against any suggestion that the South East geopolitical zone has been “forcefully” and “violently” pacified as according to him, such is false. Evang Uko who is also the Deputy Secretary of Igbo Leaders of Thought […]

  • Nigeria’s Debt Service ratio falls to 45%

    Nigeria has made significant improvement in its debt-service-to-revenue ratio as it dropped from 66 per cent to 45 per cent. This is coming on the back of improved revenue mobilisation from both domestic and foreign sources. The government has been aggressively driving its tax reform with the introduction of Voluntary Assets and Income Declaration Scheme […]

  • Banks’ NPLs reach 10-month high in Q3

    FELIX OLOYEDE Non-Performing Loans (NPLs) in the Nigerian banking industry hit 10-month in September, latest data from the the Nigeria Deposit Insurance Corporation (NDIC) has shown. The report quoted by CNBC states that NPLs in the Nigerian banking sector reached N2.42 trillion at the end of Q3 2017, which is 10-month record high. Muyiwa Oni, […]

  • OPEC Crude Output Drops to Six-Month Low

    Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low. Total production fell 80,000 barrels a day to 32.47 million a day last month, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. That was the lowest level since May, when output was 32.29 […]

  • Lagos revives abandoned waste to energy resourcing projects

    By ABATAN ADEWALE JOSEPH Lagos state government is exploring every available opportunity to ensure power supply in the state in view of the dwindling performance of the energy companies in the country. As the business and industrial hub of the economy, Lagos has suffered huge economic losses on account of poor power supply. Governor Akinwumi […]

  • FG appoints Abdul Zubair to replace suspended SEC DG

    The Securities and Exchange Commission (SEC) on Monday announced the appointment of Abdul Zubair as acting Director General. The commission while making the announcement, also reassured the investing public of continued stability of the Nigerian capital market following last week’s suspension of its Director General, Mounir Gwarzo. It would be recalled that Gwarzo was directed […]

  • Kano spends N9bn monthly on salary payment, says Ganduje

    The Kano State Governor, Dr. Abdullahi Ganduje, has said his administration spends N9 billion monthly on payment of workers’ salaries. He added that this effort was commendable in a period where most state governments have not been able to pay salaries as a result of the economic situation in the country. He spoke  in Kano state […]

  • FG’s Npower scheme derailing, faces imminent collapse – Investigation

    By AYOOLA OLAOLUWA The N-Power scheme, introduced by the Federal Government, as a social safety net to reduce the rate of graduate unemployment afflicting the country, is fast derailing from its original objective, and faces imminent collapse, Business Hallmark findings have revealed. While the Federal Government, particularly its major proponent, Vice President Yemi Osinbajo, had […]

  • Gwarzo: The many troubles of a regulator

      By FELIX OLOYEDE These are unpleasant times for Mounir Gwarzo, Chief Executive Office, of the Securities and Exchange Commission (SEC) as he was placed on suspension last week by a previously gun shy Minister of finance, Mrs. Kemi Adeosun. Gwarzo’s position as SEC boss became shaky as a nongovernmental organisation,   Centre for Anti-Corruption and […]

  • 2018 budget: High on hope, low on prospects

      .           Promises of growth and development may be unattainable The 2018 budget will go down in history as the most vilified and repudiated by the legislature that is supposed to give it a stamp of authority. Last week, the two chambers of the National Assembly took a perfunctory appraisal of the budget and consigned […]

  • Anxiety rises over health of banks

    …as recent Fitch downgrade poses new questions BY TESLIM SHITTA-BEY All may not be as well with Nigerian banks as the domestic regulator, Central Bank of Nigeria (CBN), would have many believe. Buried in a heap of poor quality loan assets in the guise of high none performing loans (NPL’s), a growing number of banks […]

  • Maina’s can of worms

    By OBINNA EZUGWU At the hearing conducted by the Hon. Aliyu Madaki-led House of Representatives adhoc committee investigating the reinstatement of former chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina into the federal civil service last week, Nigerians were treated to a show of childish buck-passing. One could draw a parallel between […]

  • Resurgent Equity market signals stronger economic recovery

    By OKEY ONYENWEAKU Investors in the Nigerian equity market have every reason to be happy as the year gradually winds down. Those of who invested early in the year and carefully mixed their portfolio based on the NSE 30 Index would have made a kill should the market close bullish. This is reflected in the […]

  • (Editorial) APGA, a future in jeopardy  

    The All Progressives Grand Alliance (APGA) fought a good fight to retain power in Anambra state last month. Should the result have been different, and it easily could have been, it would have marked the beginning of the end for the party. Power of incumbency, emotional attachment to APGA among the Igbo, rifts within the […]


Visit us on Google+