L-R: Chief Economist, Dangote Industries Limited, Dr. Hassan Mahmud; Lady Maiden Alex-Ibru; Chairman of Occasion/ Special Guest of Honour, Samaila Zubairu; Key Note Speaker Session 1, Bismarck Rewane; During THE REAL DEAL: AFRICA’S GREATEST INVESTMENT OPPORTUNITY, Sponsor by Dangote Industry Limited in Lagos on Thursday.
…Call for stronger support for indigenous manufacturers
Leading economists, financial experts and industry stakeholders have described the Dangote Group’s investments as major drivers of industrialisation and economic transformation across Nigeria and Africa, citing their impact on job creation, import substitution, foreign exchange conservation and economic competitiveness.
L-R, One of the Panelists Olufemi Awoyemi; Key Note Speaker Session 1, Bismarck Rewane; Chairman of Board Ecobank Nigeria, Bola Adesola; Chief Economist, Dangote Industries Limited, Dr. Hassan Mahmud; key note Speaker 2, Dr. Muda Yusuf; During THE REAL DEAL: AFRICA’S GREATEST INVESTMENT OPPORTUNITY, Sponsor by Dangote Industry Limited in Lagos on Thursday.
The experts spoke at the Lagos Economic Summit themed“The Real Deal: Africa’s Greatest Investment Opportunity,” where they urged governments to implement policies that strengthen local industries and accelerate economic diversification.
Member of Panelists, Chika Mbonu; Ugodre Obi – Chukwu; Key Note Speaker Session 1, Bismarck Rewane; key note Speaker 2, Dr. Muda Yusuf; Member of Panelists, Olufemi Awoyemi; Chief Economist, Dangote Industries Limited, Dr. Hassan Mahmud; During THE REAL DEAL: AFRICA’S GREATEST INVESTMENT OPPORTUNITY, Sponsor by Dangote Industry Limited in Lagos on Thursday.
President and Chief Executive Officer of the Africa Finance Corporation (AFC), Samaila Zubairu, commended the Dangote Group’s sustained investments across Africa, describing them as critical to unlocking the continent’s economic potential. He noted that while recent economic reforms have improved foreign exchange stability, strengthened reserves and eased inflationary pressures, the focus must now shift to growth in industry, productivity and employment.
Also speaking, Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, said industrialisation remains the most effective path to sustainable economic development. He called for better alignment of trade and industrial policies, stressing that local manufacturers require strategic support to compete effectively and drive broader economic benefits.
Founder and CEO of Nairametrics, Ugodre Obi-Chukwu, said Africa’s growing population presents a significant industrial opportunity, noting that investments such as the Dangote Refinery are helping to retain capital within the continent while strengthening local production capacity.
In his keynote address, Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, said Nigeria is gradually transitioning from a consumption-led economy to one driven by investment and production. He added that sustained investments in productive sectors will continue to stimulate growth, create jobs and improve living standards.
Participants at the summit also advocated stronger credit infrastructure, improved national identification systems and increased investment in skills development to enhance the productivity and global competitiveness of Africa’s growing youth population.
