Trade Minister Assures Dangote, Other Investors Of Business-Friendly Environment

PHOTO: Sodiq Adelakun/Channels TV


The Minister of Industry, Trade and Investment, Adeniyi Adebayo on Thursday promised a friendly business environment for investors in the country.

Adebayo gave the assurance during a meeting with the Chairman of Dangote Group, Aliko Dangote in Abuja.

READ ALSO: National Hospital, Abuja Presents Conjoined Twins After Successful Operation

According to him, the move will help the investors contribute their quota to job creation and lifting over 100 million Nigerians out of poverty.

The Chairman of the Dangote group in response highlighted recent investments by his company to grow the nation’s industrial sector.


See photos from the meeting below…

When Completed, Apapa-Oshodi Road Will Be One Of The Best In Africa – Dangote

President, Dangote Group, Aliko Dangote with Minister of Works and Housing, Babatunde Raji Fashola and others, during the road inspection on Saturday, December 28, 2019.


President Of Dangote Group, Aliko Dangote has assured that the ongoing reconstruction of Apapa-Oshodi Oworonshoki expressway, when completed, will be one of the best roads in Nigeria and in Africa.

The business mogul disclosed this while speaking with journalists during a tour and inspection of the 32-kilometer road project by Dangote Group.

He added that construction work is going on day and night to achieve this and to ensure speedy completion of the road.

READ ALSO: FG’s Obedience To Court Orders Will Boost Investors’ Confidence – Rewane

According to him, the speedy completion is necessary to alleviate the setbacks caused by the poor road leading to Apapa port.

“We operate inside the port, two of our companies between 2017 and 2018 lost over N25billion because of the road congestion. We were able to produce but we were not able to get out of the port.

“That is why we are working day and night to ensure that this road in delivered on time and also with the highest quality.

“I can assure you that this will be one of the best roads not only in Nigeria but in Africa,” Dangote said

The Minister of Works and Housing, Mr Babatunde Fashola, who was also with Dangote during the inspection, said the reconstruction will be completed within the scheduled time of two years.

He expressed satisfaction at the level of work adding that the road when completed will solve a lot of problems.

“We expect that by the end of 2020 the entire road network will be finished. We will have a road that will last for 40 years or more,” Fashola said.

PHOTOS: Dangote, Momoh, Elumelu, Others Receive National Productivity Award

Left to Right: Minister of Labour and Productivity, Chris Ngige; Secretary General of the Federation (SGF) Boss Mustapha with Chairman, Channels Media Group, John Momoh while honouring him with the National Productivity Order of Merit (NPOM) award in Abuja. PHOTO: Sodiq Adelakun/Channels TV


Popular businessman, Aliko Dangote; the Chairman, Channels Media Group, John Momoh; Chairman of UBA and philanthropist, Tony Elumelu were some of the prominent Nigerians who received the 2019 National Productivity Order of Merit (NPOM) award on Thursday.

A total of 26 individuals and seven organisations were honoured at the ceremony which was held in Abuja, the nation’s capital.

The Minister of Labour and Productivity, Chris Ngige explained that the award is in recognition of their contribution to national development and productivity.

The NPOM Award was instituted by the Federal Government through the Ministry of Labour and Employment to honour deserving Nigerians in recognition of their hard work.


See more photos from the event below…

PHOTOS: Buhari Meets Bill Gates, Dangote In New York


President Muhammadu Buhari has met with Bill Gates and Business mogul, Aliko Dangote in New York.

During the meeting on Wednesday, the President applauded the contributions of Bill and Melinda Gates Foundation, as well as Aliko Dangote Foundation to humanitarian and developmental activities in Nigeria.

See Photos Below: 

Dangote Splashes $50,000 On Super Eagles After Otedola Redeems Pledge

A file photo of Mr Aliko Dangote.



Africa’s richest man and President of Dangote Group, Aliko Dangote, has fulfilled his pledge of $50,000 per goal to the Super Eagles of Nigeria.

The Nigeria Football Federation (NFF) announced this on Wednesday via its verified Twitter handle.

This comes a day after Nigerian billionaire businessman Mr Femi Otedola paid the sum of $25,000 to the Eagles.

Mr Dangote was represented at the NFF’s office in Lagos by the Group Managing Director (GMD) of Dangote Group, Mr Olakunle Alake, accompanied by the Chief Corporate Communications Officer, Mr Anthony Chiejina.

READ ALSO: $25,000 Per Goal: Otedola Has Fulfilled His Pledge, Says NFF

The Eagles, on their part, were represented by midfielder John Ogu as well as the team’s administrator and kit manager, Enebi Achor and Chidi Ngoka, respectively.

Both Dangote and Otedola had promised the Super Eagles $50,000 and $25,000 respectively per goal in their semi-final clash with Algeria in the 2019 Africa Cup of Nations which held in Egypt.

The Eagles were only able to score a goal as they lost 2-1 to Algeria, although William Troost-Ekong scored an own goal before Odion Ighalo levelled the scoreline.

However, Riyad Mahrez denied the Nigerian team a place in the final with a brilliant free-kick while Algeria went ahead to beat Senegal to lift the trophy.

The Super Eagles also triumphed over Tunisia in the third-place match to claim the bronze medal of the competition.

Read the tweets below:

‘Local Investors Are Key To Attracting Foreign Investment’ – Dangote


The Chief Executive Officer of Dangote Group, Aliko Dangote, has called on governors in Northern Nigeria to do more in mobilizing local private sector investors in their states.

Dangote made the call at the Kaduna Economic and investment summit on Wednesday, where he stated that such a move can spur huge inflow of private capital, reduce insecurity, unemployment, and poverty.

“Northern Nigeria will continue to fall behind if the respective state government does not move to close the development gap. Closing these gaps requires huge multi-year investment and government will not be able to raise the capital required to fund this. Only the private sector can raise the capital required to fund the level of investment this country needs.

“Efforts should be more in terms of attracting local investors, there is no foreigner that will come and invest without seeing the local investors invest. So local investors are key to attracting foreign investments and we must pay attention to that.”

READ ALSO: We’ve Attracted Over $500m Investments In Kaduna, Says El-Rufai

According to the business mogul, the partnership to establish an automobile assembly plant between the Dangote group, Peugeot and the Kaduna State government would help grow the domestic automobile industry and SMEs will benefit from the supply chain.

“On our own part, we have already progressed to establish billions of naira automobile assembly plant in conjunction with Peugeot of France and the Kaduna State Government.

“It is in the hope that the state government will also incentivize the SMEs to take advantage of opportunities inherent in the supply chain. This is the only way we can grow and develop our domestic automobile industry and economy in general.

“Government must create a conducive environment that will trigger a huge inflow of private capital into attractive sectors of the economy. Private investments will create jobs and will ameliorate the twin challenges of unemployment and poverty,” he added.

Dangote tasked state governments to work hard by creating the necessary legal and regulatory framework, offer attractive sector-wide incentives, identify the sectors of the economy where their state has a comparative advantage and provide information and data to enable prospective investors to evaluate the opportunities in these sectors.

Bill Gates, Dangote Challenge FG To Invest In Human Capital


Philanthropist and Founder of Microsoft, Bill Gates has challenged the Nigerian government to invest in human capital development, saying it would lay a good foundation for the nation’s prosperity.

He made this known on Thursday while delivering a speech at the Expanded National Economic Council on Investment in Human Capital held in Abuja.

According to him, although Nigeria has enormous potentials, they can only be maximized when the citizens are well equipped.

Making reference to the Economic Recovery and Growth Plan, he, therefore, urged the Federal Government to take practical steps in prioritising human capital development.

“Nigeria has unmatched economic potentials but what becomes of that potential depends on the choices you make as Nigeria’s leaders. The most important choice you can make is to maximise your greatest resource – the Nigerian people.

“Nigeria Will Thrive when every Nigerian Is able to thrive, If you invest in their health, education and opportunities, the human capital that we are talking about today, then that will lay the foundation for sustained prosperity.

“If you don’t, however, it is important to recognise that there would be a sharp limit on how much the country can grow,” he stated.

“Much of Nigeria still looks like a low-income country. Nigeria is one of the most dangerous places in the world to give birth.

“With the fourth-worst maternal mortality rate in the world, ahead of only Sierra Leone, Central African Republic, and Chad. One in three Nigerian Children is chronically malnourished.

“The Nigerian government’s Economic Recovery and Growth Plan identifies investing in our people as one of three strategic executives but the execution priorities don’t fully reflect people’s needs – prioritising physical capital over human capital,” he stated.

Also addressing the issue, President of the Dangote Group, Aliko Dangote, asked the Federal Government to provide solutions to human capital challenges experienced in the country.


He stressed that human capital is a critical component of Nigeria’s future economic growth , noting that while the nation has largely achieved growth by extracting natural resources, the youths have to be equipped both physically and mentally to drive the nation’s future success.

“In Nigeria, we have largely achieved growth by extracting natural resources and we’re not building on that through our physical infrastructure. But we must also remember that it is our young people that will drive our future success.

“By 2050, Nigeria is projected to be the 3rd largest economy in the world.

“For this next generation to thrive as adults and drive economic progress, we need to invest in their health and well-being and in their ability to learn and apply new skills.

“As a business leader, it is my responsibility to offer jobs and opportunities but I can only do that when people themselves are healthy and have basic skills.”

Speaking further, the business mogul explained how nutrition and infrastructural development also play a huge role in equipping the youth for the future.

According to him, malnutrition has been identified as one of the biggest factors undermining the potentials of children and for Nigeria to be able to truly compete globally, we must prioritize investment in health, education and other key sectors.

He said: “As a philanthropist and development expert, I have seen first-hand and critical gaps and proven interventions that can help set those young people up for success especially the poorest.

“A key example is nutrition; a primary focus for the Dangote Foundation.”

“Today, one of the biggest factors undermining our progress is malnutrition. Poor nutrition prevents children from realizing their true potentials, stunting not only their physical and intellectual growth but also educational and employment opportunities.

“As a business leader, I feel the consequences of malnutrition. An inadequately skilled workforce is a constraint to my businesses. Again as a philanthropist and development expert, it is the kind of challenge I am committed to helping solve.

“By this, is where my two roles converge because all sectors, businesses, philanthropy and especially government will need to step up to address the human capital challenges we are now facing in Nigeria.

“For Nigeria to truly compete globally, we must prioritize investment in the health, education, and opportunity of our people alongside other critical areas like infrastructure,” he stated.

Buhari, Others Storm Kano As Dangote’s Daughter Weds Ex-IGP’s Son

Aliko Dangote Welcomes Buhari as he arrives Kano for daughter’s marriage ceremony


Daughter of business mogul, Aliko Dangote, Fatima, on Friday tied the knot with her soulmate, Jamil Abubakar, son of the former Inspector General of Police Dikko Abubakar, in Kano State

In attendance were President Muhammadu Buhari; the Kano State Governor, Abdullahi Umar Ganduje; Former Head of State Abdulsalami Abubakar, Emir of Kano H.H. Muhammadu Sanusi II, Senate President Bukola Saraki among other top government officials.

Read More: Osinbajo’s Daughter Engages Fiancé In Presidential Villa

See photos below.

Osinbajo Inaugurates Industrial Policy, Competitiveness Advisory Council

Vice President Yemi Osinbajo has inaugurated the Nigerian Industrial Policy and Competitiveness Advisory Council (NIPCAC), at the State House.

It will be recalled that the Federal Executive Council earlier approved the establishment of NIPCAC in March 2017 as a vehicle for partnering with the private sector to drive Nigeria’s industrialisation agenda.

Osinbajo, on Monday, chaired the meeting of the NIPCAC alongside other stakeholders of the industry.

Two ministers of Industry, Okechukwu Enelamah and Aisha Abubakar are chairs of the public-sector team while Alhaji Aliko Dangote chairs the private sector group with Atedo Peterside as alternate chair.

During the meeting, Osinbajo said the council’s duty was not just patriotic but one to enable Nigerians to create livelihoods for themselves.

Dangote Plans To Buy Arsenal, Sack Wenger – Report

Africa’s richest man Aliko Dangote says the first move he will make if he succeeds in buying Arsenal is to fire Coach Arsene Wenger.

The Nigerian billionaire said in an interview with Bloomberg that he has coveted the English Premier League club since he became a supporter in the mid-1980s.

“The first thing I would change is the coach; he has done a good job but someone else should also try his luck,” Dangote said.

Europe’s longest-serving manager Wenger has won three Premier League titles and seven FA Cup trophies for the club since he became Arsenal manager in 1996.

He extended his stay at the Emirates by another two years in May to end months of speculation over his future at the club. after they failed to qualify for the UEFA Champions League for the first time in 20 years.

The Gunners have failed to qualify for the UEFA Champions League for the first time in 20 years.

American billionaire Stan Kroenke, Arsenal’s biggest shareholder, controls almost 67 percent of the company while Russian billionaire Alisher Usmanov holds a 30 percent stake.

Earlier in 2017, Usmanov sought to buy out Kroenke in an offer that valued Arsenal at £2 billion ($2.6 billion).

Dangote, however, reiterated his determination to buy the North London club when he completes the construction of the $11 billion oil refinery in Lagos, Nigeria’s commercial capital.

He noted that Kroneke and Usmanov can be persuaded if they get someone to offer them a “walk away” price for the club.

“If they get the right offer, I’m sure they would walk away. Someone will give them an offer that will make them seriously consider walking away.

“And when we finish the refinery, I think we will be in a position to do that. It’s a great team, well-run. It could be run better, so I will be there,” he said.

Dangote Bags ‘Malaria No More’ Award

Dangote's Worth Drops By 32%Africa’s richest man, Aliko Dangote, has been named the 2017 recipient of the ‘Malaria No More’ Global Leadership Award.

The event which took place in New York in the United States, was attended by dignitaries from across the world, all committed to eradicating the scourge of malaria in the world.

The organisers say Mr Dangote was honored for his role in fighting the spread of the disease in Africa and Nigeria in particular, through his contributions to the ‘Saving One Million Lives in Nigeria’ initiative.

Although the event sought to address the malaria menace, it was still indeed an evening of relaxation.

Channels Television’s Business Editor with other dignitaries

Dangote Refinery Plants 60 Trees

Sixty trees have been planted in commemoration of the 60th birthday of the business mogul and President of Dangote group, Mr Aliko Dangote.

The tree planting, done at the 16 billion dollar Dangote refinery, was also aimed at combating global warming and climate change.

It was also carried out to create awareness for individuals to adopt the vision.

16 billion dollar Dangote refinery

Present at the event, and sharing their goodwill messages, were executive directors of the company, the United Nations, members of some mass A-forestation agencies, as well as daughters of Mr Dangote, Miss Fatima Dangote and Mrs Maria Dangote Dantata who represented him.