Finance Minister Pledges Support for Private Sector, Meets Dangote

Nigeria’s Minister of Finance has reaffirmed the government’s commitment to supporting the private sector as a key driver of economic growth. In a high-level meeting with business magnate Aliko Dangote, the minister discussed strategies to improve the business climate, enhance investment opportunities, and strengthen collaboration between the government and private enterprises.

During the meeting, the minister acknowledged the challenges faced by businesses, including inflation, foreign exchange volatility, and infrastructure deficits. He assured that the government is working on policy reforms to create a more stable economic environment that encourages private sector participation in critical sectors such as manufacturing, agriculture, and energy.

Dangote, whose business empire spans multiple industries, emphasized the need for consistent policies that support local production and reduce reliance on imports. He highlighted the potential of Nigeria’s industrial sector and called for improved access to financing, stable power supply, and better trade policies to enhance competitiveness.

The discussions also touched on tax reforms, ease of doing business, and public-private partnerships aimed at driving sustainable development. The minister reiterated that the government would engage with industry leaders to ensure policies are tailored to stimulate growth and create jobs.

With Nigeria’s economy facing multiple headwinds, the finance ministry’s commitment to fostering a conducive business environment is expected to boost investor confidence and drive economic expansion. The meeting with Dangote signals the government’s willingness to collaborate with key stakeholders in shaping policies that benefit both businesses and the broader economy.