Africa’s richest man, Aliko Dangote, has described President Bola Tinubu as a listening leader whose economic reforms are reviving private sector confidence and stabilising the Nigerian economy.
Dangote made the remarks during the weekend while receiving the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, at the Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited in Ibeju-Lekki, Lagos.
He applauded the administration’s efforts to address crude supply issues, commending the Naira-for-Crude initiative and the Nigeria First policy as “bold and transformative” measures with long-term potential to revitalise the economy.
“I believe we must sincerely thank His Excellency, President Bola Ahmed Tinubu, for ensuring improvements in crude oil supply. His insistence that all crude oil transactions be conducted in naira has been particularly commendable,” Dangote said.
He noted that these policies have brought a measure of stability to the naira-dollar exchange rate, enabling greater market predictability for businesses.
“There is now less fluctuation, and this has brought a degree of predictability to the market,” he added. “Looking ahead, as market conditions continue to improve, we can expect a more favourable exchange rate.”
Dangote also praised the administration for launching the One-Stop Shop (OSS) initiative, which brings together key regulatory and security agencies—including the Nigerian Navy, NIMASA, NPA, and others—under a single coordination framework. He said the initiative had helped reduce bottlenecks and resolve operational issues in real time.
“The OSS is working diligently, and I am confident that the government intends to replicate this model in other sectors, particularly in streamlining goods clearance,” Dangote noted. “Whenever issues arise, they are promptly addressed through the leadership of the Technical Committee Chairman, Mr. Zacch Adedeji.”
As part of ongoing innovations, Dangote revealed plans to roll out 4,000 Compressed Natural Gas (CNG) tankers to enhance the efficient and eco-friendly distribution of petroleum products. He said the move will cut logistics costs and make products more affordable and accessible for Nigerians.
