Dangote Group has reaffirmed its dedication to industrial enlargement and help for Micro, Small and Medium Enterprises (MSMEs) as key drivers of Nigeria’s {economic} progress.
Chairman of the group Aliko Dangote made this recognized in Enugu on Wednesday throughout the firm’s Particular Day on the ongoing thirty seventh Enugu Worldwide Commerce Honest with the theme “Empowering MSMEs for International Competitiveness”.
Dangote, represented by the South East Regional Director of Dangote Cement Plc, Olatunbosun Jinadu, stated the group’s long-term “Imaginative and prescient 2030” technique is designed to handle main constraints dealing with MSMEs, notably the excessive price of power, uncooked supplies and infrastructure.
He famous the theme of this 12 months’s truthful highlights the essential function small companies play in each native and international economies, whereas stressing the necessity to create an enabling surroundings for his or her progress.
Jinadu disclosed the group has concluded plans to develop its petroleum refinery capability from 650,000 barrels per day to 1.4 million barrels per day, a transfer anticipated to considerably enhance output and enhance effectivity.
He added that the corporate can also be scaling up its fertiliser production capability to 12 million metric tonnes yearly, alongside ongoing enlargement of its polypropylene plant to satisfy rising demand throughout industries together with packaging, textiles, automotive, medical and development.
The regional director emphasised that the expansions are pushed by the group’s perception that Nigeria’s {economic} transformation have to be anchored on native production and industrial self-reliance.
Earlier, President of ECCIMA, Nnayelugo Onyemelukwe, recommended Dangote for constantly sponsoring the truthful for over 5 years, whereas additionally urging the group to contemplate citing its vegetation within the Southeast area which contributes to the economic system of the nation.
Gideon Arinze
Times Nigeria