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Dangote Describes Tinubu as a Listening President, with Pro-Private Sector Policies
President/Chief Executive of Dangote Group, Aliko Dangote has hailed President Bola Ahmed Tinubu as a listening president whose policies are restoring private investors confidence in Nigeria’s economy.
Dangote made the remarks over the weekend during a visit by the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, to the $20 billion Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited in Ibeju-Lekki, Lagos.
Commending President Tinubu’s efforts at addressing the issue of crude supply challenges to domestic refineries, Dangote praised the Naira-for-Crude initiative and the Nigeria First policy as bold and transformative steps capable of revitalising the economy faster than expected.
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“I believe we must sincerely thank His Excellency, President Bola Ahmed Tinubu, for ensuring that there have been improvements in the supply of crude oil. His insistence that all crude oil transactions be conducted in naira has been particularly commendable. For us to effectively meet market demand—which we have the capacity to do—it is essential that crude is priced and purchased in our local currency,” he said.
The leading industrialist noted that these initiatives, along with other economic reforms, have brought a measure of stability to the naira-to-dollar exchange rate. He expressed optimism that the naira would continue to strengthen in the coming weeks as the effects of the reforms become more visible. According to him, the improved market predictability has helped investors make sound business decisions and restored confidence in the investment climate.
“We are also beginning to see some stability in the naira-to-dollar exchange rate, which has had a positive impact. There is now less fluctuation, and this has brought a degree of predictability to the market
“For those of us in the business sector, this is a welcome development, as it allows us to plan more effectively. Looking ahead, as market conditions continue to improve, we can expect to see a more favourable exchange rate,” he said
Dangote also commended the Federal Government for establishing a One-Stop Shop (OSS) initiative to improve coordination among regulatory and security agencies, thereby facilitating smoother operations under the Naira-for-Crude programme. He emphasised that the OSS had significantly reduced bottlenecks and allowed for real-time resolution of issues, in line with President Tinubu’s directive.
“The administration of His Excellency, President Bola Ahmed Tinubu, has established a One-Stop Shop that is working diligently. I am confident that the government intends to replicate this model in other sectors, particularly to streamline the clearing of goods—an essential area of business.
“At present, we are not experiencing any significant issues with loading. All the relevant agencies have been brought together under one roof, including the Navy, NIMASA, NPA, and others. This coordination has greatly improved efficiency. Whenever issues arise, they are promptly addressed through the leadership of the Chairman of the Technical Committee, Mr Zack Adedeji, who is doing an excellent job.”
The business magnate further disclosed that the refinery is set to launch a new initiative involving the deployment of 4,000 CNG (Compressed Natural Gas) tankers to distribute petroleum products more efficiently and in an environmentally friendly manner. He explained that the move would reduce logistics costs and ensure Nigerians receive products at more affordable prices, closer to their locations.
Meanwhile, the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, reaffirmed the FG’s commitment to promoting domestic investment and addressing the challenges faced by local investors.
“We are here today as a result of President Bola Ahmed Tinubu’s clear focus on domestic investment. As you are aware, we held a Domestic Investment Summit on Monday—the first of its kind. Today, we are gathered at the invitation of Alhaji Aliko Dangote, a leading investor who has committed an extraordinary amount of resources to Nigeria’s development,” she said.
Dr Oduwole hailed the refinery as a landmark project, noting that even governments shy away from initiatives of such scale. She said the administration is demonstrating real support for domestic investors by taking practical steps to reduce constraints and foster growth.
“He has taken on a project of such magnitude—one that even governments often hesitate to undertake. As an administration, we do not take this lightly. We are here to show our full support for him, both as a foremost domestic investor and as a prominent champion of African investment on the global stage.
“Our support is not limited to words; we are demonstrating our commitment through action. We are encouraging other domestic investors by recognising and backing those, like Alhaji Dangote, who put Nigeria first. This is not mere rhetoric—our time, attention, and effort are fully aligned with our priorities.
“That is why we have dedicated an entire day to immersing ourselves in this project—the Dangote Refinery.”
She added that the Federal Government is continuously engaging with stakeholders and reviewing regulatory and legislative frameworks to reduce business costs and stimulate industrial development.
Photo Caption
L-R, Chief Executive Officer, Dangote Fertiliser Limited, Vishwajit Sinha; Chief Executive Officer, 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’s visit to Dangote Petroleum Refinery and Fertiliser Plant in Ibeju Lekki Lagos on Saturday July 26, 2025.
Former presidential candidate, Peter Obi, has said that Nigeria’s current minimum wage can no longer sustain a decent standard of living, as worsening economic realities continue to weigh heavily on citizens.
Obi made this known in a statement released on Friday to commemorate International Workers’ Day, where he highlighted the growing hardship faced by Nigerian workers amid rising inflation and the increasing cost of living.
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According to him, the value of wages has been significantly eroded by soaring food prices, transportation costs, and general economic instability, leaving many workers struggling to survive despite being employed.
He stressed that it is unfair that citizens who contribute daily to the nation’s development are unable to meet their basic needs, noting that the dignity of labour is gradually being undermined.
“The minimum wage today cannot guarantee even the most modest standard of living,” Obi said, warning that the situation could further worsen if urgent steps are not taken.
The former Anambra State governor called for immediate wage adjustments and comprehensive economic reforms aimed at improving the welfare of workers and stabilising the economy.
Obi also emphasised the importance of investing in human capital, stating that no country can achieve meaningful growth without a productive and well-supported workforce.
He urged Nigerian workers to actively participate in the democratic process by supporting credible and competent leadership that prioritises the well-being of citizens.
Obi concluded by calling for a fairer society built on justice, equity, and respect for labour, adding that empowering workers remains key to national prosperity.
In a compelling demonstration of how business can drive positive environmental change, leading cement manufacturer, Dangote Cement Plc (DCP) has reaffirmed its leadership in sustainable development with its mentorship offer as a Corporate Supporter of the 2026 Accounting for Sustainability International Case Competition (A4SICC), held in Toronto, Canada.
A4SICC, a global platform that empowers students to develop practical solutions for sustainable business growth and the competition brings together top student teams from around the world to tackle real-world sustainability challenges, with winners receiving prizes of up to CA$10,000 and internship opportunities.
As part of the 2026 edition, student teams were required to select companies listed on the World Benchmarking Alliance’s SDG2000 and develop a compelling business case for nature, recognising that while businesses depend on natural capital to create value, they have also contributed significantly to nature and biodiversity loss. Dangote Cement, itself an SDG2000-listed company, participated actively by mentoring REMI Solutions, a student team from Ashesi University, Ghana.
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The DCP sponsored team—comprising Jamiu Olamide Afolayan, Afi Adwoa Asare, Grace Mawuli Uchechi Onwuaha, Edem Korbla Anagbah and Bartels Ataanga Atindana—benefited from expert guidance provided by DCP’s Group Head of Sustainability, Dr. Igazeuma Okoroba.
Under this mentorship, REMI Solutions advanced to the semi-finals of the competition, emerging among the top teams from 132 entries submitted across 31 countries with its project addressing one of Africa’s most pressing sustainability challenges: the environmental, financial and safety risks associated with legacy mine waste, commonly known as tailings.
With global attention increasingly focused on responsible mining and the demand for critical raw materials, the team proposed an innovative circular model that transforms historical mine tailings from environmental liabilities into assets for value creation and ecological restoration.
Tailings storage facilities are costly to monitor and manage, and failures have, in extreme cases, resulted in severe environmental degradation, destroyed livelihoods and loss of lives—costing major mining companies over US$30 billion in damages and reparations worldwide.
To mitigate these risks, REMI Solutions proposed the reprocessing of historical tailings to recover residual minerals, alongside the rehabilitation of degraded heritage land using revenues generated from the reprocessing activities. Beyond mineral recovery, the model creatively repurposes tailings into value‑added products such as eco‑bricks and construction aggregates.
By integrating responsible resource recovery, environmental rehabilitation and commercial viability, the Solution demonstrates how ESG‑aligned investments can simultaneously deliver environmental protection and financial returns.
Reacting to the feat achieved by the REMI Solution Students team, Group Managing Director, Arvind Pathak described the collaboration as underscoring Dangote Cement Plc’s commitment to advancing sustainable development through strategic investments in education, research and youth-led innovation, while supporting global efforts to align business practices with nature‑positive outcomes.
Said he; “At Dangote Cement, our decision to support the Accounting for Sustainability International Case Competition is anchored in our belief that the future of sustainable business lies in the hands of informed, innovative and values‑driven young leaders. As a company whose operations are closely linked to natural capital, we recognise the responsibility to contribute meaningfully to global conversations around sustainability, climate resilience and nature‑positive growth.
“By supporting this platform, we are not only helping students translate academic knowledge into practical solutions, but also reinforcing the importance of embedding environmental, social and governance principles into core business decision‑making.
“This corporate support also reflects our long‑term commitment to education, research and collaborative partnerships as tools for sustainable development. The ideas generated through this competition—such as innovative approaches to responsible mining and circular use of resources—mirror the kind of thinking required to address today’s complex environmental and social challenges.”
Pathak pointed out that his Company is excited to play a mentoring role that bridges industry experience with youthful innovation, saying “we remain committed to nurturing solutions that create shared value for businesses, communities and the environment.”
Photo Caption:
Members of the DCP mentored REMI Solution team from Ashesi University, Ghana; (l-r) Jamiu Olamide Afolayan; Afi Adwoa Asare; Grace Mawuli Uchechi Onwuaha and Edem Korbla Anagbah
Former presidential candidate of the Labour Party, Peter Obi, has reacted strongly to a recent report by the Economic and Financial Crimes Commission (EFCC) alleging that a significant number of Nigerian university students are involved in internet fraud.
The EFCC had reportedly warned that cybercrime is becoming increasingly common among undergraduates, a development it described as a growing national concern requiring urgent attention from authorities, parents, and educational institutions.
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Reacting to the claim, Obi described the situation as deeply troubling, warning that Nigeria may be “raising a generation of fraudsters” if the trend is not urgently addressed.
According to him, if even a large fraction of the allegation is true, it signals not just a crime problem but a broader collapse of values and moral discipline in the country.
He stressed that young people do not operate in isolation, arguing that society, leadership, and institutions all play a role in shaping behaviour. Obi noted that when dishonesty appears to thrive without consequences, it sends the wrong message to the youth.
The former Anambra State governor also called for urgent reforms in governance, education, and value reorientation, insisting that integrity must be restored at all levels of society.
He added that the focus should not only be on condemning young people but on addressing the systems that influence their choices and actions.
Obi further urged leaders to set better examples, warning that a society cannot expect honesty from its youth if accountability is weak at the top.
The EFCC has continued to express concern over rising cybercrime cases in tertiary institutions, describing the trend as a threat to national development and security.
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