Nigeria’s multinational conglomerate, The Dangote Group has announced that it will create 250,000 employment opportunities for Nigerians after the completion of its new projects.
According to the executive director (communications) of the group, Ahmed Mansur, the company’s investments on new projects on agriculture, sugar, oil refinery and fertilisers would create the jobs.
Mansur also stated that the projects would be cited in Jigawa, Taraba, Kano and Kogi states among others.
Mansur who was addressing journalists in Abuja today, November 8 said the group will encourage self-sufficiency in food production and reduce capital flight from Nigeria.
He also said the company’s cement production was expected to grow from its current 40 million tonnes to between 75 million and 80 million tonnes in 2020, adding that projected estimates show that the cement arm of the company will produce 40 million tonnes from the total figure.
Mansur however commended the federal government’s efforts at diversifying the economy, especially through agriculture and solid mineral, adding that the policy was a sustainable and inclusive direction for economic growth.
Meanwhile, proprietor of the Dangote Group, Alhjai Aliko Dangote has suggested that the power sector privatisation should be reversed.
According to Dangote, the privatisation was done wrongly, adding that the problems in the power sector has persisted despite the policy which was initiated by the Goodluck Jonathan administration.
Dangote further stated that the beneficiaries of the privatisation policy lack understanding of the complexities of the sector.
Dangote made the comments while speaking as a guest lecturer at the Senior Executive course 38 at the National Institute of Policy and Strategic Studies (NIPSS), Kuru, in Plateau state.
In November 2013, five Generation companies (Gencos) and 11 Distribution companies (Discos) were handed over to private investors with 60 per cent stakes in the former Power Holding Company of Nigeria (PHCN) utilities.