Dangote speaks on importance of local investors to foreign investment

Aliko Dangote

Dangote speaks on importance of local investors to foreign investment

The President of Dangote Group, Aliko Dangote, has said that domestic investors play a critical role in attracting foreign investment.

While he talked at the Taraba International Investment Summit in Jalingo, which drew participants from across Nigeria and beyond, Dangote stressed the importance of prioritising indigenous businesses to foster sustainable growth, create jobs, and strengthen the national economy.

He urged federal and state governments to support local investors.

According to Dangote, no foreign investor would be willing to invest in a country where local businesses are struggling, emphasising that the success of indigenous enterprises is a key indicator of a viable investment climate.

“I want to give a word of advice, Your Excellency, the only way for you to attract foreign investments or investors is by having local investors. Domestic investors are the ones who actually attract foreign investors.