 summit in Abuja, Dangote warned, “Nobody can create jobs with an interest rate of 30%. No growth will happen.”){kind=link}
Aliko Dangote, Chairman of the Dangote Group, voiced strong opposition to the Central Bank of Nigeria’s nearly 30 percent interest rate, urging the government to back established companies.
Speaking at a Manufacturers Association of Nigeria (MAN) summit in Abuja, Dangote warned, “Nobody can create jobs with an interest rate of 30%. No growth will happen.”
He emphasized the need for affordable financing and protection of domestic industries, citing that import dependence leads to poverty and job loss.
Dangote’s call to action stressed the importance of supporting local industries to combat insecurity and foster prosperity.
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