Nigeria Still Investment Destination Despite Challenges -Dangote

Posted by African Examiner Brands & Marketing, Business News, Latest Headlines Monday, September 22nd, 2014

…Urges Nigerians To Have Faith In Nation’s Economy

President of Dangote Group and Chairman of Dangote Cement Plc, Aliko Dangote has urged Nigerians to see the currently challenges being faced by the country as a passing phase which which make the country to be more economically stronger in the future.

Dangote who has always expressed his abiding faith in Nigeria as an economically viable nation told a delegation of distributors from across the country who paid him a visit in his office in Lagos that Nigeria still remain the destination of choice for investments despite the security challenges.

He explained that with good support for the government of the day in the task of tackling the challenges and the transformation agenda of the Federal Government, the current challenges would soon be a thing of the past and Nigeria would come out stronger from it.

Said he; “I have always said it that Nigeria is a good place to investment. God has given us in Nigeria what many other countries don’t have and they keep searching for it. We have got fertile land for agriculture, we have the minerals resources and we have oil. All we need to do is to harness them for our our good.

“The present challenges we are facing should not deter us from going our economy. It shouldn’t stop us from investing. It’s just a passing phases. Other countries whom referred to as developed started from somewhere. They all experienced some of these challenges in the past. So I want us to see these challenges as obstacles towards attaining greatness.”

Dangote told the distributors that it was for this reasons that he had continued investing in Nigeria’s economy because “If Nigerians do not investing their country, other people would not come. They will want to see our success story before they can come.”

He then promised the distributors that his companies would continue to live up to expectation to ensure that there interests are protected at all times noting that as a matter of policy his companies have put in place an arrangement to consider relations of his distributors for job opportunities once there is opportunity for that.

Therefore, he stated that if there people who should benefit from the job opportunities provided by this investments, it should first and foremost go to the distributors who are the strategic integral part of his cement business.

Dangote also informed the customers of the ongoing efforts to refine the service being provided for the customers saying going forward the customers would see a change and delivery of the product would be seamless and without hassles.

He took time to answer questions and observations raised by the distributors and who commended the business mogul for his doggedness in investment locally as opposed to others who chose to take money away from the country.

Also speaking, his honorary Adviser, Engineer Joseph Makoju told the distributors that Dangote Cement is more than ready to meet and exceed their expectation saying the production capacity expansion is intended to make cement more available and subsequently bring down the price.

According to him, the Company has put in place certain processes to serve the distributors better than before. He referred to the payment for the bonus at half year instead of yearly as one of the new steps to better serve them.

Makoju to the excitement of the distributors announced the completion of new arrangement for customer service in which the distributors can reach the management twenty hours to lodge complaint and have their complaint attended to promptly.

“What we are trying to do is to ensure that you grow along with us. That is not a bad idea and I think we should commend him for that. Let us know what your problems are, we are ready to solve them immediately. With new production lines now on board in Ibese and Obajana, you can say bye bye to scarcity”, Makoju explained.

It would be recalled that Dangote Cement is adding additional two lines to the present 6 million metric ton capacity per annum at Ibese to shore up its capacity to 12 million while additional 3 million capacity line is being added to Obajana plant to bring total capacity to 13.25 million tons per annum.

Also the Dangote Group signed an MOU with the Federal Ministry of Agriculture, a deal that will see Dangote providing N165 billion for rice cultivation in five states as part of he Agric revolution of the transformation agenda of the federal government.

Earlier, Dangote has delved into petrochemical industry signing agreement for fund with banks to set a refinery in Lagos thus making him the first Private Nigerian to obtain license and commence actual construction of the refinery as many who had earlier obtained license for same have failed to commence physical preparation.