Nigeria commends Dangote’s $30bn domestic revenue generation drive, road constructions

The federal government on Sunday commended the Dangote Group for its proposed plan to expand its domestic revenue generation drive from four billion dollars to 30 billion dollars annually from 2021 to boost the nation’s economy.

The minister of Finance, Budget and National Planning, Zainab Ahmed, gave the commendation during an inspection of the Dangote Refinery, Petrochemicals, Fertilizer Projects and the Deep-water Jetty at the Lekki Free Trade Zone in Lagos.

She commended the foresight and tenacity of Alhaji Aliko Dangote, the President of the Dangote Group for pursuing the huge projects despite various challenges.

She pledged the Federal Government’s continued support for local businesses to thrive and attract investors.

Mrs Ahmed said that the savings from such an investment would strengthen Nigeria’s macro economy to attract more investors.

The minister said that the opportunities were good for the Dangote Group but would be better for Nigeria which would enjoy several benefits.

She said the the Dangote Group had the capacity to fund the infrastructure needs of the ambitious projects and would continue to enjoy government’s waivers available to other businesses in the nation, adding that the projects had begun to create thousands of jobs and bringing several specialisations and skills to Nigeria.

Also the President of the Dangote Group, Aliko Dangote, in his address said that the firm had adopted measures that would help it to expand its revenue base from four billion dollars to 30 billion dollars annually beginning from 2021.

He said that the firm was ready to transform the nation’s domestic market by providing forex through expanded operations capacity of its group in the refinery, petrochemical, fertilizer and other supporting projects, adding that the ongoing projects at the Lekki Free Trade Zone had the capacity to generate about 32,000 direct and indirect jobs during and after completion.

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