Africa’s richest man, Aliko Dangote, has called on the National Assembly to enact legislation that will entrench the Federal Government’s ‘Nigeria First’ policy, stressing that no nation can achieve industrialisation through external forces.
Dangote, who spoke at the Dangote Refinery in Lagos, said Nigeria and other African countries must take ownership of their economic development by industrialising locally rather than relying on imports.
“Other nations were not industrialised by outsiders. We must build and industrialise our own economies. Without this, how can others invest? That is why I believe the National Assembly should enact legislation to support the Federal Government’s ‘Nigeria First’ policy,” he said.
He warned that continued dependence on foreign products amounts to “exporting jobs and importing poverty,” adding that several wealthy investors are discouraged from committing funds to Nigeria because of structural challenges.
Dangote announced that the refinery would expand its capacity to 700,000 barrels per day in its second year of operation, positioning Nigeria as Africa’s refining hub.
According to him, the company also aims to become the continent’s largest exporter of polypropylene and the world’s leading fertiliser producer, initiatives he said would boost foreign exchange earnings, create jobs, and stimulate other sectors of the economy.
“We are fully committed to supporting the government in adding value, creating jobs, and building a stronger economy,” he added.
Clarifying speculations about possible entry into retailing, Dangote said the refinery has no intention of acquiring filling stations. He revealed that offers to purchase such outlets in the past were turned down.
Instead, he maintained that the refinery remains open to partnerships and collaborations with stakeholders in the downstream sector, insisting that collective effort would strengthen the industry.
On distribution, Dangote showcased CNG-powered trucks already loading products from the refinery, noting that the company would deploy 4,000 trucks nationwide to ensure safer and cheaper delivery of petroleum products.
“With the introduction of CNG trucks, the refinery can deliver products to consumers anywhere in Nigeria, mitigating all associated risks,” he said.
He assured that drivers and assets would be protected by security agencies, dismissing fears of possible attacks.
Dangote also expressed appreciation to the Federal Government, refinery partners, workers, and the Nigerian public for their support.
He particularly lauded the Independent Petroleum Marketers Association of Nigeria (IPMAN) for mobilising members to participate in the free distribution scheme powered by CNG trucks.
“Nigeria has now become the refining hub of Africa,” Dangote declared. “These initiatives will generate substantial foreign exchange, create employment, and drive sustainable growth.”
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