Aliko Dangote, the group’s president, has advised the federal and state governments to support local investors’ economic development.
Attracted investors from all over Nigeria and beyond with his advice at the Taraba International Investment Summit in Jalingo.
According to the richest man in Africa, domestic investors are the ones who will draw foreign investors because, in his opinion, no foreign investors would enter a nation where local businesses are struggling.
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The only way for you to attract foreign investors or investors is through local investors, my Excellency, please. Foreign investors are the ones who actually draw foreign investors.
No foreigner will invest if you don’t invite local investors to do so. Only when they see potential for investment, are foreigners drawn to them. They will come once they understand that, yes, things are flowing, according to Dangote.
In our cement company, FG makes more money.
He further made it clear that for every one nige earned at his Dangote Cement factory, the federal government pays fifty-two kobo.
“I’m sure it might interest you to know that our cement business, for instance, is the source of more revenue for the federal government of Nigeria, not even the state. 52 kobo is given to the federal government of Nigeria for every N1 we turn around. That is the advantage, then. When the government offers assistance, you receive the necessary tools to start your own business. You should act and file your taxes, just like we should, and what we should do.
“So, I want to urge the government to continue to support investment, particularly domestic investment. You invest more if you encourage. There won’t be jobs if you don’t encourage, he said.
Dangote praised Governor Agbu Kefas for organizing the Investment Summit, which he claimed would open up Taraba for business.
According to him, Taraba state has abundant resources, including vast arable land for agricultural production, which he claimed would lead to employment and reduce poverty in the state and the nation as a whole.
He promised to invest in Taraba State for his organization.
“We will make investments in Taraba State.” We won’t make any investments. It’s my home. He continued, “We will continue to create jobs.”
Source: Channels TV
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