Dangote: Tinubu’s UK visit’ll boost Nigeria’s economy, investments

The President of Dangote Group, Aliko Dangote, says President Bola Tinubu’s recent visit to the United Kingdom has opened new economic opportunities and strengthened Nigeria’s investment outlook.

“I believe the visit has opened many doors. Diplomacy without economic outcomes is incomplete, and this has created opportunities for Nigeria,” Dangote told newsmen after a courtesy visit and Eid-el-Fitr homage to Tinubu in Lagos on Monday, March 23, 2026.

He said agreements reached during the visit, especially in infrastructure and financing, signalled growing international confidence in Nigeria’s reform agenda.

“It is not just about the money committed, but the confidence it shows in Nigeria and the reforms being implemented,” he said.

Dangote said planned investments in critical sectors such as ports would significantly improve trade efficiency and support medium-term economic expansion.

“These investments will help improve our infrastructure, especially in key areas like ports, and complement ongoing government efforts,” he stated.

The billionaire businessman expressed optimism that other countries, including Germany, would follow with investments as confidence in Nigeria’s economy strengthens.

“Once confidence is established, other countries will come in. It is a signal that Nigeria is ready for business,” he said.

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The Africa’s richest man added that the agreements would enable Nigerian private sector players to access international financing and technical support for large-scale projects.

Dangote described the development as a breakthrough, noting that such credit facilities had historically remained underutilised by Nigerian businesses.

He said: “For Nigerian investors, this shows we can approach these agencies to access funding. It means they are now open to supporting our projects.

“We have not really utilised these resources before, but now there is clear capacity and willingness to fund viable Nigerian projects.”

Dangote reaffirmed his support for the Tinubu administration, expressing confidence that reforms, partnerships, and investor confidence would drive sustainable economic growth in Nigeria.

The Star