Dangote Group has restated its commitment to boosting the industrial growth and support for Micro, Small and Medium Enterprises (MSMEs) in Nigeria.
The group restated its commitment while speaking in Enugu at the ongoing 37th International Trade Fair organised by the Enugu Chamber of Commerce, Industry, Mines, and Agriculture (ECCIMA).
The South East Regional Director of Dangote Cement, Olatunbosun Jinadu, said MSMEs remain vital to economic growth, but face challenges such as high energy costs, expensive raw materials, and poor infrastructure.
Jinadu noted that the Fair with theme, “Empowering MSMEs for Global Competitiveness”, shows that it is not just an exhibition of products, but a clarion call to strengthen the MSMEs, which formed the backbone of local and global economies.
He stated that Vision 2030, the growth strategy recently announced by the Dangote Group, will, to a large extent, solve most of the challenges, especially in the area of feed stock and energy.
He explained that the Group’s long-term strategy focuses on industrial expansion and investments aimed at strengthening Africa’s self-sufficiency in key sectors.
Jinadu added that the plan of the Dangote Group included increasing the capacity of Dangote Refinery from 650,000 to 1.4 million barrels per day, scaling fertiliser production to 12 million metric tonnes annually, and boosting output at its polypropylene plant.
According to him, polypropylene has many uses, including packaging where it is employed for producing containers, bottles, and food packaging due to its lightweight and moisture resistance.
“It is also used in textiles for the making of fibers, ropes, and fabrics, including carpets and upholstery. Therefore, availability of polypropylene will lessen the myriad of challenges faced by MSMEs,” he said.
Jinadu further said: “Nigeria’s economic transformation must be anchored on local production and industrial self-reliance.
“We are expanding our capacity because of our conviction that Nigeria’s economic transformation must be anchored on local production and industrial self-reliance.
“Dangote Group is proud to be a key private sector driver translating these ideas into tangible economic results.”
Jinadu encouraged stakeholders to explore partnership opportunities with Dangote’s business units at the fair.
In his remarks, ECCIMA President, Nnanyelugo Onyemelukwe, praised the commitment of the Dangote Group to the growth of the domestic economy.
He said: “It is obvious that Dangote Group has added a lot of value to the growth of the Nigerian economy, operating in almost every sector of the economy and still expanding and going strong.
“The trend of Dangote business and entrepreneurship indulgence has spread to many parts of the African Continent, employing thousands of people across the world, of which not less than 85 per cent are Nigerians. Indeed, Dangote Group is the pride of Nigeria and Africa at large.”
“The exploits of the Dangote Group show great depth and a high degree of vision, creative thinking, research, innovation, doggedness, and hard work and industry, which has come related to what one can describe as the Dangote business and industrial empire today.”
