Dangote borrows a Donald Trump leaf
Dangote |
If there’s one man whose impact,
positive or negative, depending on individuals, organizations or countries, is
being felt by the world right now, it’s the inimitable American President,
Donald Trump.
And it seems Trump’s widely known
stances on several issues, particularly those on trade, have rubbed on a fellow
businessman, Africa and Nigeria’s Aliko Dangote who just like Trump has come
out with a weighty opinion on African trade.
Speaking in London recently
during One to One Conversation at the 5th annual Financial Times African
Summit, he said the key to Africa’s economic growth and strength is in the
development of the regional market, saying, “regional markets in Africa must
work."
He added that Africans must
patronize African markets which is why the free trade agreement by African
nations is the direction to go to strengthen African markets.
Citing an instance of his own
experience, he referred to the case of neighbouring Benin Republic where the
country continues to import cement from China while his Nigerian factory is
only 35 miles away from the border.
“We need to trade with
ourselves,” he declared as he spoke glowingly about the prospect of Africa’s
economy, the free trade agreement and the availability of huge raw materials to
attract investors.
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