ENUGU, Nigeria (VOICE OF NAIJA)- President of Dangote Industries Limited, Aliko Dangote, has expressed optimism that Nigeria’s economy can be transformed in a matter of months, praising the inauguration of the Presidential Economic Coordination Council (PECC) by President Bola Tinubu.
The council, comprising top private sector players, government officials, and consultants, aims to strategize a way out of Nigeria’s current economic situation.
He stated this on Thursday while briefing State House reporters after President Tinubu inaugurated the PECC.
Dangote emphasized that implementation is key, as many discussions have already taken place.
He assured that the private sector will invest heavily and create jobs, while the government provides the necessary policies.
With the right approach, Dangote believes Nigeria’s economic challenges can be overcome in a short time frame.
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“Most of these things, we have them, there are already been discussed over and over again, it is a matter of implementation. I think the choice of people that are on the PECC, they are good enough to be able to advise the government on how to implement the policies.
“The private sector will do its bit which is to invest heavily and create jobs. Government don’t create jobs, what they do is to give us the right policies. We have all these policies.
“I keep saying our issues are not that bad, this economy can be turned around within a few months and I think we are on that way. I thank the President for inaugurating this Council.
“We will start working immediately and I can assure you (that) you will see a lot of changes coming. We have what it takes to turn around this economy. We are going to work hard to make Nigerians proud”, said Dangote, who is Africa’s richest man.
Dangote’s optimism stems from the council’s diverse membership, which includes Chairman of the United Bank of Africa, Tony Elumelu, and Chief Executive Officer of the Financial Derivatives Company Limited, Bismarck Rewane.
The council’s monthly reporting schedule to the President is poised to drive economic transformation.
Nigeria is currently battling inflation, high cost of living, and forex challenges sparked by the government’s twin policies of petrol subsidy removal and unification of forex windows.
On his part, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun said the Council is to meet and report to the President monthly.
However, with the PECC in place and the collective effort of the private and public sectors, Dangote remains confident that Nigeria’s economy can be turned around in a matter of months.