Dangote Commends Tinubu's Economic Reforms, Says Policies Are Reviving Investor Confidence

Dangote Commends Tinubu's Economic Reforms, Says Policies Are Reviving Investor Confidence

L-R, Managing Director / CE, Dangote Fertiliser limited, Vishwajit Sinha; chief executive officer of Independent Project Monitoring Company Limited (IPMC), Robert Ade-Odiachi; President / CE, Dangote Industries Ltd, Aliko Dangote; Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole; Vice President, Oil and Gas, Dangote Industries Limited, Devakumar Edwin; During the Minister Visit to Dangote petroleum Refinery and fertiliser plant Lekki Lagos on Saturday July 26, 2025.

President and Chief Executive of the Dangote Group, Aliko Dangote, has commended President Bola Ahmed Tinubu for implementing bold economic reforms that are rekindling investor confidence and stimulating private sector growth in Nigeria.

Dangote made these remarks over the weekend during the visit of the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, to the $20 billion Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited located in the Ibeju-Lekki area of Lagos State.

The business mogul particularly hailed the Naira-for-Crude initiative and the Nigeria First policy introduced by the Tinubu administration, describing them as transformative efforts capable of fast-tracking Nigeria’s economic recovery.

> “I believe we must sincerely thank His Excellency, President Bola Ahmed Tinubu, for ensuring improvements in crude oil supply. His insistence that all crude oil transactions be conducted in naira is particularly commendable. This helps local refineries like ours to meet demand efficiently while strengthening the naira,” Dangote said.

L-R, President / CE, Dangote Industries Ltd, Aliko Dangote; Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole; During the Minister Visit Dangote petroleum Refinery and fertiliser plant Lekki Lagos on Saturday July 26, 2025.

He added that the policy had contributed to greater exchange rate stability, enabling better planning and confidence among investors.

> “We are seeing more predictability in the naira-dollar exchange rate. For the business community, that stability is essential. It allows us to make better decisions and project future outcomes with more certainty,” he noted.

One-Stop Shop, CNG Tankers Lauded as Game Changers

Dangote also applauded the Federal Government’s creation of a One-Stop Shop (OSS) system under the Naira-for-Crude programme, which brings together all key regulatory and security agencies—such as the Navy, NIMASA, and NPA—under one operational roof to streamline activities and resolve bottlenecks swiftly.

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L-R, Vice President, Oil and Gas, Dangote Industries Limited, Devakumar Edwin; Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole; President / CE, Dangote Industries Limited, Aliko Dangote; During the Minister Visit to Dangote petroleum Refinery and fertiliser plant Lekki Lagos on Saturday July 26, 2025.

 

With the OSS now operational, we are experiencing faster coordination and real-time problem resolution. The Chairman of the Technical Committee, Mr. Zacch Adedeji, is doing an excellent job, and this model is something the government plans to replicate in other sectors,” he said.

Looking ahead, Dangote announced plans to deploy 4,000 Compressed Natural Gas (CNG) tankers to support petroleum product distribution in a cost-effective and eco-friendly manner. He stated that the initiative would significantly reduce logistics costs and improve product availability across Nigeria.

L-R, Vice President, Oil and Gas, Dangote Industries Limited Devakumar Edwin; President / CE, Dangote Industries Limited, Aliko Dangote; Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole; During the Minister Visit to Dangote petroleum Refinery and fertiliser plant Lekki Lagos on Saturday July 26, 2025.

FG Pledges Stronger Support for Local Investors

In her remarks, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, emphasized that the Tinubu administration remains fully committed to supporting domestic investors and creating a business-friendly environment.

> “We are here today in continuation of President Bola Ahmed Tinubu’s focused drive on domestic investment. Earlier in the week, we held the first-ever Domestic Investment Summit, and today, we are at the Dangote Refinery, a project of monumental importance to Nigeria’s economic future,” Dr. Oduwole said.

She praised Dangote for taking on a massive private sector project that, she noted, even governments often hesitate to undertake.

Group photograph of the Minister Team with the Management During the Minister Visit to Dangote petroleum Refinery and fertiliser plant Lekki Lagos on Saturday July 26, 2025.

 “Our presence here is not symbolic. It represents the Federal Government’s tangible support for indigenous investors like Alhaji Dangote. We are not just offering praise—we are aligning our actions with our words to enable others to follow this path of nation-building,” she added.

L-R, Vice President, Oil and Gas, Dangote Industries Limited, Devakumar Edwin; Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole; President / CE, Dangote Industries Limited, Aliko Dangote; Chief executive officer of Independent Project Monitoring Company Limited (IPMC), Robert Ade-Odiachi; During the Minister Visit to Dangote petroleum Refinery and fertiliser plant Lekki Lagos on Saturday July 26, 2025

The minister reiterated that the Federal Government is reviewing its regulatory and legislative frameworks to further ease the cost of doing business and promote industrial growth across all sectors.

The visit marks another significant milestone in the Tinubu administration’s drive to attract investment, reduce dependence on imports, and position Nigeria as a global industrial and economic powerhouse.