Billionaire industry magnate, Femi Otedola, has defined why Nigerians, in particular the federal government must aid the Chairman of Dangote Crew, Aliko Dangote, by means of growing an enabling atmosphere to assure companies thrive.
He argued that Dangote’s contributions which lengthen past business amenities to important infrastructure, should be recognised and supported by means of all manner.
Otedola, who rose in defence of his buddy and industry best friend in a publish on his X account on Tuesday, described Dangote as a “titan that God created specially for mankind”.
“In Nigeria, we have now our personal titans, and it’s crucial that we recognise and aid them. Aliko Dangote has damaged each and every boundary in international industry and business. His contributions aren’t only a testomony to his brilliance however a beacon of what’s conceivable when perceptible meets alternative.
“Supporting local champions like Dangote is crucial for our national development and economic independence. Let us continue to foster and support these visionaries who drive our nation’s progress,” Otedola mentioned.
He added, “My brother, the visionary, has constructed the most important unmarried educate refinery on this planet, now not in Kano, however in Lagos Atmosphere. He’s the landlord of the second-largest sugar refinery on this planet, additionally in Lagos Atmosphere, and the most important cement manufacturing facility on this planet, now not in Kano, however in Kogi Atmosphere. Moreover, he has established one of the crucial second-largest fertilizer crops on this planet, quickly to surpass the most important one in Qatar, additionally in Lagos Atmosphere. Moreover, he has constructed a fertilizer plant in Lagos that already exports globally. Aliko Dangote is a titan that God created specifically for mankind.
“Aliko Dangote is also the largest private sector employer of labor in the country, and his companies are among the largest taxpayers. In fact, the Dangote Group often pays more in taxes than the top banks combined. If not for him, we would still be importing cement.”
Consistent with him, Dangote’s contributions lengthen past business amenities to important infrastructure, having constructed primary roads such because the Apapa Oshodi-Owonrosoki Specific Highway, Wharf Highway, and the Obajana-Kabba Highway.
Otedola mentioned, “Nations within the nascent levels of industrialization require visionary leaders. For this reason it’s disagree miracle that the US was once constructed by means of the perceptible and tenacity of a couple of important people—Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J.P. Morgan, and Henry Ford—The boys who constructed The us’s business ground. Those males left the sector with out those property however left at the back of a legacy that has stored their nation thriving age then age. Their contributions have been immortalized now not within the subject material wealth they collected however within the enduring establishments and industries they established. Those visionaries have been additionally supported by means of their executive, which identified the virtue of fostering native champions.
“In a similar fashion, as of late’s tech giants like Microsoft and Tesla won considerable aid from the United States executive. For instance, in January 2010, the Segment of Power issued a $465 million mortgage to Tesla Motors to manufacture specifically designed, all-electric plug-in automobiles and to build a producing facility in Fremont, California to manufacture battery packs, electrical motors, and alternative powertrain parts for powering those cutting edge automobiles. This initiative is a part of broader efforts, such because the federal EV-charging program supported by means of the infrastructure legislation referred to as the Nationwide Electrical Car Infrastructure program, or NEVI.
“In Bharat, the federal government has been instrumental in supporting industry titans like Gautam Adani and Mukesh Ambani. Their firms have won important backing to develop and enlarge, contributing considerably to Bharat’s monetary expansion and world industry footprint.
“There are also records of emerging market countries like Vietnam, South Africa, Brazil, and China where their governments have supported local businesses to jump-start industrialization. In Vietnam, the government has provided various incentives to tech companies, fostering a rapidly growing technology sector. In South Africa, government support for the mining industry has been crucial in maintaining its global competitiveness. Brazil has seen substantial government investment in its agricultural sector, transforming it into one of the world’s leading food exporters. In China, government backing for companies like Huawei and Alibaba has propelled them to global leadership in technology and e-commerce.”
Dangote has been within the information in recent times then claims {that a} cabal was once blockading his strikes to import crude and the way it has been tough to get the goods, slowing unwell operations.
Terminating life, the Nigerian Midstream and Downstream Petroleum Regulatory Authority mentioned the Federal Govt was once but to license the Dangote refinery to start operations within the nation.
The NMDPRA Well-known Government Officer, Farouk Ahmed, disclosed this moment talking with reporters on the Atmosphere Space on July 18, 2024.
Consistent with Ahmed, the claims of ongoing efforts to scuttle the operations of Dangote refinery because of shortage of provide of crude oil by means of World Oil Firms weren’t true, including that the refinery was once nonetheless on the pre-commissioning degree and has now not been approved but.
Ahmed added that the diesel made from Dangote was once beneath world same old, a declare which the businessman had refuted.
Additionally, Dangote has made an trade in to promote the refinery to the NNPCL. Talking in an unique interview with Top class Occasions on Sunday, the businessman expressed his willingness to promote the refinery to handle allegations of monopoly within the business.
“Allow them to (NNPCL) purchase me out and run the refinery the easiest way they are able to. They have got labelled me a monopolist. That’s an improper and unfair allegation, nevertheless it’s OK. In the event that they purchase me out, no less than, their so-called monopolist can be out of the best way.
“We have been facing fuel crisis since the 70s. This refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture. So I am ready to let go, let the NNPC buy me out, run the refinery,” Top class Occasions quoted him as pronouncing.