Africa's richest man wants to "dismantle" barriers to continental free trade

Dangote Group Chairman Aliko Dangote urged African countries to dismantle all economic barriers that impede free trade between nations, to achieve sustainable growth and development across the continent.

 Economy and Development   May 2, 2023

Africa's richest man wants to "dismantle" barriers to continental free trade

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A statement said Dangote said this while speaking in Lagos at the launch of a special publication 'The World Ahead 2023' by 'The Economist' magazine.

He expressed commitment to solving some of the economic challenges facing the African continent and its people.

Dangote added that in order to achieve this objective, the organization has committed more than US$20 billion in investments in several key sectors of the African economy.

He explained that the investments should change Africa's economic fortunes in the quest for sustained economic growth through free trade and economic integration.

Dangote noted that the crucial task of building a sustainable future that ensures equitable growth and prosperity for all should not be the exclusive role of the public sector, but should also involve the private sector.

“We have investments of more than US$20 billion in key sectors including energy, agriculture and infrastructure. Our newly commissioned 3 million metric ton fertilizer plant, cement production expansions and our upcoming 650,000 barrels per day refinery, the world's largest single-train refinery, stand ready to empower farmers, promote reverse integration, create thousands of jobs, eliminate our dependence on imported products and significantly improve our country's foreign exchange earnings,” he said.

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