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| Photo Caption: Director of Depot and Logistics for Dangote Cement Plc, Dolapo Alli, accepts a Sponsorship Award on behalf of Dangote Industries from LCCI President Gabriel Idahosa. Also pictured are former LCCI President Michael Olawale-Cole, LCCI Trade Promotion Board Chairman Prince Abimbola Olashore, and Bosun Jinadu, Deputy Regional Sales Director (Lagos) for Dangote Cement Plc. The presentation took place during the Dangote Industries’ Special Day at the 2024 Lagos International Trade Fair |
At the 2024 Lagos International Trade Fair, Dangote Industries Limited (DIL) reaffirmed its commitment to driving Nigeria’s economic diversification through strategic investments across multiple sectors, including manufacturing, petroleum, and agriculture.
The Lagos Chamber of Commerce and Industry (LCCI) commended Dangote Industries as a major pillar of Nigeria’s industrial strength, emphasizing the company’s critical role in stabilizing and energizing the country’s economy.
During a special ceremony at the trade fair, Hajiya Fatima Aliko-Dangote, Group Executive Director of Commercial Operations for Dangote Industries, represented by Mr Dolapo Alli, Director of Depot and Logistics for Dangote Cement Plc, highlighted the company’s extensive efforts in bolstering Nigeria’s economic resilience.
Dangote’s influence ranges from essential household products to raw materials and feedstock that fuel other sectors, a model aimed at achieving economic independence through industrialization.
“As a longstanding strategic sponsor of the Lagos International Trade Fair, we strongly align with this year’s theme, ‘Connecting Businesses, Creating Value,’” said Aliko-Dangote.
She emphasized that Dangote Industries' focus on manufacturing relies on a complex network of suppliers and service providers, fostering business-to-business connections and strengthening ties with distributors and consumers.
A focal point of the company's investments is the recently operational Dangote Refinery and Petrochemicals complex, which has begun producing Premium Motor Spirit (PMS), automotive gas oil, JET A1, and polypropylene, among other products.
Aliko-Dangote projected that this petroleum complex will be foundational for emerging manufacturing outfits in Nigeria, as it supplies the necessary feedstock and creates a supply chain that reduces reliance on imports.
"We anticipate that our investments will drive industrial linkages across Nigeria, shielding the economy from potential disruptions in production due to raw material shortages.
“These linkages are vital for sustainable economic and industrial development, creating opportunities to produce goods domestically, provide employment for the growing youth population, and promote sector-wide integration,” she noted.
Beyond product manufacturing, Dangote Industries is actively engaged in national and international markets.
The company recently initiated the export of refinery products to global markets, complementing its existing export of fertilizer and other goods.
This commitment to exports, coupled with the group’s involvement in infrastructure projects such as road construction, bolsters Nigeria’s transport network and reduces foreign exchange demand by fostering local production.
The company’s flagship unit, Dangote Cement, has enabled Nigeria to achieve self-sufficiency in cement production and support exports, reducing pressures on foreign exchange.
Meanwhile, Dangote Fertiliser Limited, the largest granulated urea fertilizer plant in Africa, supplies agricultural inputs domestically and abroad.
Dangote Sugar has also intensified efforts to localize sugar production, aiming to eliminate Nigeria's dependence on imported raw sugar.
Mr Gabriel Idahosa, President of the LCCI, praised the Dangote Group’s enduring influence on Nigeria’s economy, particularly in a time of complex economic challenges.
“The Dangote Group represents a beacon of industrial strength, resilience, and commitment to Nigeria’s economic growth,” he said, noting that the company’s strategy of sourcing local inputs wherever feasible has curbed exposure to foreign exchange fluctuations and spurred local industry development.
Idahosa commended the Dangote Group’s contribution to job creation, support for small and medium-sized enterprises, and attraction of foreign investment.
He described the company’s journey as one of visionary leadership and strategic diversification, underpinned by Nigeria’s natural resources and a dedication to the country's long-term prosperity.
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