President of Dangote Group, Aliko Dangote, has praised the Federal Government for its interventions in diversifying the Nigerian economy by focusing on the agriculture sector.
Dangote, who shared his optimism last week while speaking to journalists, said that the Nigerian government’s efforts in the sector would help boost the country’s Gross Domestic Product (GDP).
He said: “We have massive arable land, we have water, we have the right climate, so the population growth does not really make me nervous
“So, I think the government is doing very well by focusing more on the agricultural sector…we just have to tilt towards agriculture and manufacturing as against our oil-reliant economy”
Dangote also commended the government’s efforts in increasing the country’s tax revenue saying it would help the diversification drive.
“Sixty percent of the government revenue is coming from oil but the government is doing quite a lot to diversify the economy by even trying to restructure the tax system because we need to make more money from taxes because as it is now, the taxes generation in Nigeria is a bit low but the government is on the right track with these innovations,” he added.
Meanwhile, Dangote has also set a turnover target of $30 billion for his businesses in the next two years. He revealed that the company’s annual turnover at the moment was about $4 billion.
He further explained that with the completion and running of the refinery, and other businesses, the company would be able to meet the goal in the next two years.