Alhaji Aliko Dangote reveals that his investments in the Lekki Free Trade Zone would earnNigeria N8 trillion per annum
– The president of the Dangote group lamented over the country’s socio-economic challenges, which he argued
– Dangote believes that state governments should collaborate with one another for economic benefits to address challenges
Alhaji Aliko Dangote, the president of the Dangote Group, on Wednesday, February 28, said that his group’s investment which includes its refinery and others in the Lekki Free Zone, Lagos will earn Nigeria N8 trillion annually.
NAIJ.com gathered that Dangote made the disclosure at the maiden edition of the Lagos-Kano Economic and Investment Summit held at the Jubilee Chalets in Epe, Lagos state
He said: “Lagos is more than ready for business. Our refinery, petrochemical, fertilizer and gas projects will generate N8 trillion per annum for Nigeria when fully on stream,” adding that he was one of those who believed that state governments should collaborate with one another for economic benefits of their states.
Dangote commended the partnership between the Lagos and Kano stategovernments, noting that Lagos “has clearly demonstrated its readiness for serious investments. Lagos State is more than ready for business.”
He further said the partnership between Lagos and Kano would go a long way in driving their economy which would have a spiral effect on the nation’s economy.
Vice President, Yemi Osinbajo, who was at the event, said at least $2 billion would be required to revive the Lagos-Kano Rail Line as part of efforts to boost local and international trade along the Northern and Southern zones.
Osinbajo, who commended governors of Lagos and Kano states for creating a platform to collaborate for economic growth, expressed optimism that such initiatives would open up the investment opportunities that abound in both states to would-be investors both locally and internationally.
“I believe that Lagos and Kano states have by this collaboration underscored the cornerstone of the Federal Governor’s economic recovery and growth plan, namely the leveraging of synergies among States and between government and the private sector.
“The strategic role of the Federal Government is of course to create an enabling environment for commerce beginning with the provision of infrastructure.
“For us, what this meant especially in the context of Lagos and Kano collaboration is the refurbishing of the narrow gauge Lagos to Kano Rail with a concession to General Electric who are proposing to invest almost $2billion to ensure that the rail route is effective for movement of cargo from Apapa port to Kano,”he said.
NAIJ.com previously reported that Lagos state hard begun distribution of the 2018 land use charge demand notices for properties across the state.
The distribution which commenced last week ought to have been carried out much earlier in the year, but was delayed by a review of the Land Use Charge Act by the state House of Assembly.
The review process entailed a repeal of the old law, public hearings and enactment of a replacement by the House of Assembly on January 28, before it was signed into law on Thursday, February 8.