DANGOTE URGES NIGERIA TO BOOST DOMESTIC PRODUCTION CAPACITY

Industrialist calls for aggressive import substitution and local value addition to secure long-term economic resilience

President of the Dangote Group, Aliko Dangote, has strongly urged the Federal Government and key economic stakeholders to prioritize expanding domestic production capacity as the ultimate solution to Nigeria's macro-economic challenges.

Speaking on the imperative of industrial self-sufficiency, the billionaire industrialist emphasized that reducing heavy reliance on imported goods and building robust local value chains are non-negotiable steps for achieving sustainable economic stability.

According to the manufacturing mogul, Nigeria possesses the raw materials, human capital, and market size required to transition from a consumption-driven economy into a formidable regional production hub.

Dangote pointed out that sustainable job creation, foreign exchange conservation, and insulation from global supply chain shocks can only be attained when local industries are empowered to manufacture goods at scale.

The appeal aligns with ongoing advocacy from various industrial sectors emphasizing the need for a business-friendly environment, reliable energy supply, and predictable regulatory frameworks to spur private sector investment.

Economic analysts have welcomed the call, noting that boosting domestic manufacturing remains critical to curbing inflation, strengthening the naira, and fostering inclusive economic growth across the country.