Dangote Group CEO Aliko Dangote urged African business leaders to prioritize investing on the continent rather than waiting for foreign capital. Speaking at the 2025 Imo State Economic Summit, Dangote asserted that domestic investors must lead the way, arguing that without local commitment, foreign investors have little incentive to enter the market.
She attributed the improved business environment to recent government reforms, citing the elimination of fuel subsidies among the bold policy measures that have opened up new investment opportunities. Dangote stated that the reforms have already begun to bear fruit for investors who have “just scratched the surface” of Nigeria’s recovering economy.
According to Dangote, Africa’s wealth of untapped resources and markets offers enormous potential, but that potential depends on local investors demonstrating confidence through concrete actions. He unveiled the Dangote Group’s plans to boost fertilizer production and expand refining operations, demonstrating confidence in long-term national growth.
Dangote described electricity supply as a fundamental pillar of economic growth and praised Imo State’s efforts to expand power generation with a 375-megawatt initiative. He confirmed that the Dangote Group will invest in the state to support fertilizer production and related industries.
His message to entrepreneurs was clear: invest in the country—in Nigeria and across Africa—to build sustainable industries and attract more international capital.
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