Edun hosts Aliko Dangote to boost private sector-led economic growth

Wale Edun, minister of finance and coordinating minister of the economy recently hosted Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote, GCON, in a high-level meeting aimed at enhancing private sector participation as a catalyst for Nigeria’s economic growth.

The discussions centred on fostering collaboration between the government and the private sector to drive innovation, attract investments, and create job opportunities.

During the meeting, Edun reaffirmed President Bola Tinubu’s administration’s commitment to creating a business-friendly environment that supports enterprise growth and sustainable economic transformation.

He emphasised the government’s resolve to implement policies and reforms that unlock the potential of the private sector, positioning it as a key driver of Nigeria’s economic development.

“The private sector remains the engine of economic growth, and this administration is dedicated to providing the necessary support and enabling environment for businesses to thrive,” Edun stated. “We are committed to implementing reforms that will attract investments, spur innovation, and create millions of jobs for Nigerians.”

Read also: Tinubu meets security Chiefs, others

Aliko Dangote, whose conglomerate spans industries such as cement, agriculture, and oil refining, expressed optimism about the government’s efforts to partner with the private sector. He highlighted the importance of sustained collaboration to address economic challenges and harness opportunities for growth.

“The private sector is ready to work with the government to drive economic transformation,” Dangote said. “With the right policies and a conducive business environment, Nigeria has the potential to become a global economic powerhouse.”

The meeting also featured key stakeholders from both the public and private sectors. Among those in attendance were Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS); Sayyu Dantata, chairman of MRS Oil & Gas; and Mariam Ibrahim, special assistant to the Minister.

The discussions underscored the critical role of public-private partnerships in addressing Nigeria’s economic challenges, including inflation, unemployment, and foreign exchange volatility. Participants explored strategies to improve infrastructure, streamline regulatory processes, and enhance access to financing for businesses.

This meeting aligns with President Tinubu’s broader economic agenda, which prioritises private sector-led growth as a pathway to achieving sustainable development. The administration has recently introduced reforms such as the removal of fuel subsidies and efforts to unify exchange rates, aimed at stabilizing the economy and attracting foreign investments.

As Nigeria navigates its economic recovery, the collaboration between the government and private sector leaders like Aliko Dangote signals a renewed commitment to harnessing the nation’s potential for growth and prosperity. Stakeholders remain optimistic that such partnerships will yield tangible results, driving Nigeria toward a more resilient and diversified economy.