Dangote Emerges Highest Private Sector Investor

Dangote group, producer of Dangote Cement, Suga, Flour and other essential stuffs, has emerged the highest private sector investor in Nigeria, with an investment portfolio running into billions of dollars. In spite of this, the group is set to invest another N900 billion into the economy within the next 12 months.

In a bid to encourage like-minded entrepreneurs to the Nigerian market, the federal government is putting in place a platform to recognise the contributions of people like Alhaji Aliko Dangote, Chairman of the Group. The minister of Trade and Investment, Olusegun Aganga, believes that such move would attract more local and foreign Investors to bring their money to Nigeria.

You may wish to know that Nigeria’s Vision 2020 document stipulates that for the country’s economy to grow, it must attract investments of not less than N34trillion in key areas in the next four years. Of this amount, the federal government will account for N10trillion, state governments N9trillion, and the private sector N15trillion.