Industrialist Aliko Dangote has urged Nigerian leaders to place greater emphasis on homegrown businesses, arguing that no foreign investor would risk capital in an economy where indigenous enterprises struggle.
Addressing stakeholders at an investment forum in Jalingo, Taraba State, Dangote highlighted the pivotal role domestic investors play in signaling confidence to the global market.
“Foreign investors don’t need invitations, they follow opportunity. That opportunity begins when local businesses thrive,” he stated.
He further revealed that Nigeria benefits directly from his operations, noting that the federal government receives over half of every naira generated in his cement company.
“For every N1 we generate, 52 kobo goes to the government,” he said, underscoring the mutual value of business-government cooperation.
The summit, hosted by the Taraba State Government, showcased the region’s investment potential, particularly in agriculture. Dangote affirmed plans to establish ventures in the state, pledging to create jobs and contribute to local development.
Tony Elumelu, Chairman of United Bank for Africa, also declared interest in exploring opportunities in the state, signalling a growing confidence among Nigeria’s top investors.
