Nigeria: Dangote Urges Policy Certainty and Consistent Supply of Power

Google+ Pinterest LinkedIn Tumblr +
  • Aliko Dangote, founder of the multinational industrial conglomerate Dangote Group, says erratic power supply is killing Nigeria’s industries and the economy.
  • Dangote was taking part in a consultative roundtable titled, “Going for Growth” in Lagos last week.
  • He also identified a lack of policy implementation as the biggest challenge in the country.

“How do you have economic growth without power? No power; no growth because without power there can’t be growth. “Egypt increased its electricity by 10 gigawatts, which is equivalent to 10,000 megawatts in 18 months” he said.

“In Nigeria, we have been struggling for 18 years without adding 1,000 megawatts and we have spent about three times above Egypt, why?

“So, I think we all need to be concerned about that.”

Related news: Nigeria wants to re-negotiate tariffs on 14 IPP solar PV projects

Dangote also called for a public-private partnership to boost the non-oil sector of the economy and added that Nigerians should invest in the development of the non-oil sector which had been left in the hands of foreigners.

“Government need to encourage non-oil sector growth rather than depending on proceeds from crude oil to pay salaries.

“Proceeds from crude oil sale should be for major investment in the country,” he added.

He urged the federal government to improve more on the power sector, saying, “No business will thrive with business owners generating powers themselves.”

Mr. Dangote said that all stakeholders must come together and support the government in finding a solution to power challenges in the country.

Author: GBA News Desk

Nigeria’s premier energy event, Future Energy Nigeria takes place on 12 – 13 November 2019 at the Eko Hotel & Suites, Lagos, Nigeria. The conference and exhibition offers visitors the opportunity to connect with over 2,000 industry professionals, source new suppliers, gain exclusive industry insights and more!

Do not miss it. Book your spot early. You can attend the expo for free!

Future Energy Nigeria


Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.