Nigeria’s economy can be transformed in a few months, says Dangote

Aliko Dangote, chairman of the Dangote Industries Limited, says Nigeria’s economy can be turned around in a few months.

Dangogte addressed journalists in Abuja after the inauguration of the presidential economic coordination council (PECC) on Thursday.

“What I keep saying is that our own issues are not that bad, this economy can be turned around within few months and I think we are on that way,” he said.

The billionaire also pledged the support of the private sector in investing in job creation for Nigerians.

“The private sector will support the government to invest heavily and create jobs,” the business tycoon said.

“Government does not create jobs but they give us the right policies, you can see the interventions in gas sector, getting the OB3 to work will give the country additional $2 billion.”

On July 4, President Bola Tinubu inaugurated the PECC and announced a N2 trillion economic stabilisation plan in a move to revive Nigeria’s struggling economy.

Established in March, the PECC is chaired by the president and includes key government officials such as the vice-president, the senate president, and the chairman of the governors’ forum.

Prominent private sector leaders, including Dangote, Tony Elumelu, and Bismarck Rewane will serve on the council for one year.

On July 2, Dangote had warned that the increase of interest rate to almost 30 percent by the Central Bank of Nigeria (CBN) would stifle growth.