Aliko Dangote Commits to Heavy Private Sector Investment in Job Creation

Aliko Dangote, Chairman of Dangote Group, has pledged significant private sector investment in job-creating initiatives, expressing optimism that Nigeria’s economy can be revitalized within a few months.

Dangote’s remarks followed the inauguration of the 31-member Presidential Economic Coordination Council (PECC) by President Bola Tinubu at Aso Rock Villa on Thursday.

Dangote emphasized the crucial role of collaboration between the private and public sectors in improving the nation’s economic conditions. “The private sector and the public sector will actually work together to make sure that we are better a lot of our people,” he said.

He stressed the importance of implementing the above, asserting, “It is a matter of implementation. I think the choice of people who are on the PECC is good enough to advise the government on how to implement it.”

The PECC, established on March 27, 2024, and inaugurated three months later, includes key government figures such as Vice President Kashim Shettima, Senate President Godswill Akpabio, Kwara State Governor Abdulrahman Abdulrazaq, and Central Bank of Nigeria Governor Yemi Cardoso.

The council also features 13 private sector leaders, including Dangote, UBA Chairman Tony Elumelu, and BUA Founder Abdulsamad Rabiu, who will serve for one year.

Dangote highlighted the private sector’s role in job creation, noting that the government’s responsibility is to provide the right policies. “Our own from the private sector is to invest heavily and create jobs.

The government doesn’t really create jobs; what they do is to give us the right policies,” he said. He remained optimistic about Nigeria’s economic prospects, stating, “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.”