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Dangote Optimistic On Nigeria’s Economic Growth, Says Recession Will End 1st Quarter Of 2017.



Mr. Aliko Dangote, President Dangote groups, is optimistic that the Nigeria economy will take a complete U-turn out of the recession by the first quarter of 2017, if the government could get its priorities right and implement the right policies. He added that the government will need $20billion, fresh funds to revive the economy from recession.

He emphasized the need for government to address foreign exchange challenges if it wants private sector operators to increase their stakes in the diversification agenda. According to him, diversification from oil cannot be achieved if there is little or no foreign exchange available for private sector operators.

Besides, Dangote has unveiled plans to invest in dairy business to address dependence on import in the sector.According to him, 98 per cent of the country’s demand for dairy products is being imported, stressing that plans are on to turn around the nation’s milk industry over the next three years.

“We are already discussing ‎with the Central Bank of Nigeria (CBN) to kick-start this project. We believe we can do a lot to bridge the importation gap by developing local production of this product because we have the competitive and comparative advantages.”

He spoke during a courtesy visit by the Executive MBA students of the Lagos Business School (LBS) to his refinery in Lagos.Dangote who expressed optimism that the country would get out of the current precarious state, however, argued that this could only be achieved if the right support would be given to the Organised Private Sector (OPS) through adequate foreign exchange supply, infrastructural development as well as consistent and favourable economic policies.

“Nigeria has what it takes to be great again. I believe so much in the Nigerian economy and if the right things are done, we should get out of the economic recession by first quarter in 2017. The private sector is huge and I think we will get out of the recession ‎as soon as possible,” he said.

In his presentation tagged the “Role of business in driving sustainable development in Africa – The story of Dangote group,” he said the group had grown from a commodity trading company to a more diversified conglomerate over the last two decades.

The businessman added that the group’s operation was underpinned by five key pillars which are to provide basic needs, substitute imports and earn foreign exchange from exports, execute efficiently new plants and technologies, operate effectively by entering new markets with highest quality products, entering into strategic partnerships and investing in human capacity ‎development.

“We are top 10 in Africa and top 400 globally. We are globally competitive, growing local capacity, manufacturing quality products, rapidly transforming ‎from a Nigerian company to a dominant African brand and our revenues and profitability have continued to grow,” he said.



Ini Edo Stuns On The Cover of Ibom Airline’s “Fulcrum Magazine”



Ini Edo shines on the cover of the latest edition of Ibom Airline Magazine known as “Fulcrum Magazine”.

The actress shared this amazing news via Instagram.

She encouraged her fans to read through the magazine as some scoop about the series “Shanty Town” she featured in will show you how the magic was made.

See the pictures below.


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Tiwa Savage’s New Single “Pick Up” Dropping Soon




The Nigerian music diva Tiwa Savage is back with a new hit single “Pick up” which will be dropping soon, after the amazing single which she featured sabi girl Ayra starr and Young jon, the artist is delivering another banger.

The artist shared the snippet of the music video for the new single which is quite amazing, and you will definitely want to listen to it.

See the video below.


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Pepsi Ready To Spice Up #AMVCA9 With Pepsi Confam Fashion




Pepsi Naija has confirmed the return of the Pepsi Confam Fashion back to the AMVCA 2023 Edition.

The Pepsi Confam Fashion is a huge fashion show for designers, runway models and so much more, it is all about glamour.

Pepsi Naija shared this amazing news via Instagram and fans can’t wait to see the show.

See the video below.


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