Aliko Dangote, President and Chief Executive of Dangote Industries Limited, has called on African entrepreneurs, business leaders, and wealthy individuals to invest in the development of the continent, reports ITREALMS.
Dangote made the remarks while hosting participants of the Global CEO Africa Programme from Lagos Business School and Strathmore Business School, Nairobi, during a tour of the Dangote Petroleum Refinery & Petrochemicals in Ibeju-Lekki, Lagos. He stressed that the continent needs bold and transformative projects capable of addressing its long-standing challenges.
Citing the successful construction of the world's largest single-train refinery as proof that nothing is impossible, Dangote maintained that similar achievements can be replicated across sectors to drive economic growth. He reflected on the initial skepticism surrounding the refinery project, noting that despite numerous obstacles, the group remained steadfast in its commitment to delivering on its vision.
Dangote highlighted Africa's wealth in both human and natural resources, stressing that business leaders are in a privileged position to harness these assets and create jobs for the continent's growing population. He urged the private sector to trust in national leadership and invest at home instead of moving capital abroad.
"If you think small, you don't grow. If you think big, you grow. It's better to try and fail than never to try at all," Dangote advised the CEOs in attendance.
The Academic Director of the Global CEO Africa Programme at Lagos Business School, Patrick Akinwuntan, praised Dangote for his integrity, competence, and boldness in bringing the monumental project to fruition. Executive Dean of Strathmore Business School, Dr. Caesar Mwangi, echoed these sentiments, saying that the visit would inspire CEOs to realize that only Africans can truly develop the continent.
The Dean of Lagos Business School, Prof. Olayinka David-West, lauded Dangote as a visionary leader who mobilizes resources to confront the continent's critical problems. She noted that the refinery's ripple effect extends beyond petroleum production, enhancing livelihoods and national well-being.
The event was attended by several prominent business leaders, including global banking leader Segun Aina and Managing Director of Family Bank, Nairobi, Nancy Njau.
Chuks Egbune/Editor
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