Dangote Expresses Hope Of Economic Turnaround Within Months

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President of the Dangote Industries Limited, Mr Aliko Dangote, says Nigeria has all it takes to turn its economy around within months.



He stated this on Thursday while briefing State House reporters after President Bola Tinubu inaugurated the Presidential Economic Coordination Council (PECC).


The Council tasked with strategising a way out of the current economic situation in the country, has a mix of government officials, top private sector players, and consultants including Dangote; Chairman of the United Bank of Africa, Mr Tony Elumelu; and Chief Executive Officer of the Financial Derivatives Company Limited, Bismarck Rewane.



Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun said the Council is to meet and report to the President monthly.


Dangote applauded the president’s initiative, saying it will better the economy of the country and the Nigerian populace.



He said members of the council from the private and public sectors would sit regularly to advise the government on the kind of policies that the government should roll out.



Nigeria is battling inflation, high cost of living, and other economic crises sparked by the government’s twin policies of petrol subsidy removal and unification of forex windows.



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