“You can’t clap with one hand” – Dangote urges entrepreneurers to support government on economy revival

The Africa richest man Aliko Dangote has urged the manufacturers, enterpreneurers, and government to work hand in hand to revive the dead economy in Nigeria.

The President of Aliko Groups, said this during his Eid visit to President Bola Ahmed Tinubu in Lagos yesterday.

In his words, “I believe that we are on the right track. “I believe Nigerians have been patient and I also believe that a lot of goodies will now come through.

“There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the Naira devaluation that had gone very aggressively up to about N1,900.

“But right now, we’re back to almost N1,250 and N1,300, which is a good reprieve.

“You can see quite a lot of things went up. For example, something that we produce locally like flour – people charged more. Why? Because they were paying very high diesel prices.

“What we did, for example, in our refinery, is to sell diesel at about N1,200 as against N1,650 and I’m sure as we go along, things will continue to improve quite a lot.

“It’s a lot of impact. The price for a litre of diesel has been cut by almost one-third to N1,200.

“Even though the crude prices are going up, I believe people will not get it much higher than what it is today at N1,200.

Eid-el-Fitr: Ooni preaches Kindness.

“It might go a little bit lower, but that can help quite a lot because if you were transporting locally-produced goods, such as rice and other stuff at N1,650, and now you are paying one-third of that amount at N1,200, it’s a lot of difference.

“That can help to bring inflation down. And I’m sure when the inflation figures are out for the next month, there’ll be quite a lot of improvement in the rate.

“You can’t clap with one hand, so the entrepreneurs and the government need to clap together.”