Nigeria: production key to economic growth, Devt – Dangote

Lagos – Executive Director of the Dangote Group, Hajiya Halima Aliko-Dangote has urged millennials in Nigeria and in Africa to diversify from service-oriented companies to production and agriculture in an effort to accelerate the continent's development.

Halima Dangote said that economic realities around the world have shown that the way to go is agriculture, and that young people should be more at the forefront, as most African countries are still struggling with low economic growth.

At the 58th conference of the Nigerian Bar Association, NBA, in Abuja, yesterday, Hajiya Halima Dangote said that African countries were too long in the dark and it is high time the millennials got up to be considered the future of the continent.

In her paper entitled "Rolling millennials in transition and institution building", the director of the Dangote Group explained that young people have the potential to turn the fate of the African continent. She stated that "millennials are young born between 1980 and the mid-2000s, which account for 27 percent of the world's population (about two billion people) and only Sub-Saharan Africa is home to 13 percent of the entire millennial population , second on Asia.

According to her, "available statistics have also shown that by 2025 75 per cent of the world's population will be millennials, large enough to influence consumers' consumption patterns, change business models of consumers and influence the world economy, the start of their careers and will an important driver for economic growth in the coming decades. "

Amidst a varying applause from the lawyers, Hajiya Halima Dangote stated that the theme of the conference that "Transition, Transformation and Sustainable Institutions" is not at a better time than now could be and therefore praised the NBA for coming up with a subject that Nigeria and Africa had to discuss.

She congratulated the outgoing president of the NBA, Mr. AB Mahmoud OON, the new president, Mr. Paul Usoro SAN, and & # 39; all my learned friends here for the successful continuation of the vision passed on by the fathers and founders. from the association & # 39 ;.

The Executive Director also urged millennials and other relevant stakeholders to be cautious about the desperation of wealth by their contemporaries, adding that "success in entrepreneurship takes time, dedication and hard work." We must distance our minds from the concept of night-time success. Industrialization requires patience and perseverance. "

She also spoke extensively about the successes of the Dangote Group, founded by her father Aliko Dangote, in creating countless jobs and creating value-added industries and modern companies through import, production and backward integration to generate and mark local content for general development.

Although he noted that the group's performance was not easy, Hajiya Halima Dangote said: "The Millennials must see these opportunities and diversify from service companies to industrial companies." Production has the capacity to create numerous jobs, develop an economy, maintain jobs. and open other links. "

"The Nigerian and African millennials are in this context, although they are largely engaged in startups, business activities and professional success, also intensely politically and socially active through the social media," added Hajiya Halima Dangote.

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