Tinubu’s economic policies are restoring investor confidence, says Dangote. Naira-for-Crude, stable exchange rates, and FG reforms are key to Nigeria’s growth
Tinubu’s economic policies are gaining strong backing from Nigeria’s business elite, with Africa’s richest man, Aliko Dangote, calling them a turning point for private sector revival.
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During a high-profile visit by Trade Minister Dr. Jumoke Oduwole to the $20 billion Dangote Refinery and Fertiliser Complex in Ibeju-Lekki, Lagos, Dangote applauded the Tinubu administration’s bold reforms, including the Naira-for-Crude initiative and the Nigeria First policy.
“These policies have injected much-needed predictability into the market,” Dangote stated.
“Crude supply to domestic refineries has improved, and local currency transactions for oil are driving business stability.”
He emphasized that Tinubu’s economic policies have led to reduced fluctuations in the naira-to-dollar exchange rate, helping businesses plan effectively and attracting new investments.
A standout reform, the One-Stop Shop (OSS), was also praised. “It has cut red tape and enhanced inter-agency coordination,” Dangote noted.
He revealed that 4,000 new CNG tankers will soon launch, slashing logistics costs and enabling eco-friendly fuel distribution.
Minister Oduwole reaffirmed the FG’s backing for local investors.
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“This administration is not paying lip service. We’re implementing meaningful reforms to empower domestic investors like Dangote,” she said.
Source: Read more at theheute.com.ng
