Dangote, President of the Dangote Industries Limited, warned that the 26.25% interest rate fixed by the Central Bank of Nigeria will incapacitate the manufacturing sector and make it more difficult for the economy to grow.National Manufacturing Policy Summit organised by the Manufacturers Association of Nigeria at the State House Conference Centre, Abuja,
He urged government to rethink its industrialization policy and provide necessary support and protection to the manufacturing sector, emphasizing that industrialization is key to sustainable economic growth and development. “It is now an established fact that industrialisation is an inescapable route to sustainable and inclusive economic growth and human development.Dangote Industries Ltd. confirms minor fire outbreak at its refinery
“Countries that have industrilised and have a robust manufacturing sector and are able to export manufactured goods are generally able to grow their economies through global trade.”Shettima said: “I implore us all to leverage this summit to develop an actionable roadmap and policy framework, ready for immediate implementation, to create the changes we want in the manufacturing sector. I assure you that we shall always maintain an open-door policy to accommodate your needs and expectations.