Production is the key to economic growth, development – Dangote – The Eagle Online

The Executive Director of the Dangote Group, Hajiya Halima Aliko Dangote, has urged millennials in Nigeria and in Africa to diversify from service-oriented enterprises to production and agriculture in an attempt to accelerate the development of the continent and a better life for its subjects.

Dangote said that economic reality around the world has shown that the way to go is agriculture and that young people should take the lead more if most African countries are still struggling with low economic growth.

At the 58th conference of Nigerian lawyers in Abuja on Monday, Dangote said that African countries were missing in the dark for too long and it is high time the millennials emerge as the future of the continent.

In her paper entitled "Rolling millennials in transition and institution building", the director of the Dangote Group explained that the young people have the potential to turn the happiness of the African continent.

She stated: "Millennials were born young between 1980 and the mid-2000s, which make up 27 percent of the world's population (about two billion people) and Sub-Saharan Africa alone is home to 13 percent of the entire millennia population, second on Asia.

"Available statistics have also shown that by 2025, 75 percent of the global workforce will be millennials, large enough to influence consumer consumption patterns, change business models for consumers and impact on the global economy." Most members of this generation are on the start of their career and will be an important driver for economic growth in the coming decades. "

Amidst an alternating applause from the lawyers, Hajiya Dangote stated that the theme of the conference: "Transition, Transformation and Sustainable Institutions" could not be at a better time than it was now and therefore praise the Association for coming up with a subject that Nigeria and Africa had to discuss.

She congratulated the outgoing president of the NBA, A. B. Mahmoud; the new president, Paul Usoro (SAN), and "all my learned friends here to continue successfully with the vision of the fathers and founders of the association".

The Executive Director also urged millennials and other relevant stakeholders to be cautious about general desperation for wealth by their contemporaries, adding: "Success in entrepreneurship takes time, dedication and hard work. spirit from the concept of "overnight success." Industrialization requires patience and perseverance. "

Dangote 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 local content for general development. and to mark. .

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

She noted that millennials leaders are in transition and are evolving.

According to her: "With smartphones and connections, the millennials can exert much influence and pass on the outcome of a situation, which gives them great role and responsibility in shaping the outcome of policy and politics in a country.

"Economic sentiment has changed significantly since 2015. The general consensus on the two largest economies of Sub-Saharan Africa is that the lack of employment is a major problem among other important social issues identified through the Sustainable Development Goals (SDG & # 39; s).

"Despite these concerns, there is a lot of optimism about the future and millennials are becoming more and more active in influencing and stimulating public opinion through social networks and creating mass movements, and they are also actively using digital fluences to fulfill the responsibility of the public sector. improving, tackling global social problems and encouraging the involvement of civil society organizations.

"Dangote Industries Limited is one of Nigeria's largest conglomerates with interests in cement, sugar, salt, flour, pasta, noodles, poly products, real estate, agriculture, logistics, telecommunications, steel, oil and gas and beverages, among others. The Group employs more than 15,000 direct employees and provides indirect employment for tens of thousands of people involved in activities related to our companies Dangote Cement is now present in 18 African countries (Nigeria, Ghana, Ethiopia, Tanzania, Ivory Coast, Senegal, etc.). Cameroon, Liberia, South Africa, Kenya, Zambia, Sierra Leone, Congo, Zimbabwe, South Sudan, Chad, Mali and Niger). "

During a breakout session of the conference, the Chief Executive of DAX Consult, Adaku Ufere Awoonor, said that millennials are the most developed and assertive age group currently creating wealth worldwide, noting that young people around the world are now impacting the results of political activities, while others have risen to dominance and make a meaningful contribution to their societies.

Awoonor said, "Millennials are entrepreneurs, if they can not find a job they make one, they are doers and comfortable using digital media to promote their causes."

Another speaker in a panel, Nasir Yammama, who is the CEO of Vordent AgriTech, said that millennials are extremely innovative, even in the light of limited resources and challenges posed by social and political environments.

Yammama said his company is involved in creating technology that will support the agricultural sector.

He added: "We are also working on a craft, we call it" witchcraft "to solve problems and create jobs using technology. & # 39;

In the same vein, the Managing Director of Mojec Holdings, Chantelle Oluwabumi Abdul, despite being a young person, told her company about 80 percent of the measurements in the energy sector in West Africa.

Abdul said that young people should look at creating ideas and implement them quickly.

She said, "I believe in the Nigerian dream, I believe in Africa, and young people are now looking at creating real wealth in billions and not millions."

Hajia Dangote added: "The enormous size of this demography, which is already about half the world's population, and the democratization of information using technology, is a warning sign for future politicians and the future of politics.

"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 social media.

"As a result, they gradually influence the course and content of politics and the taste of social and political life, and social activism through the broad reach, strength and directness of social media, and will eventually have to enter the political arena as potential political and business leaders formed in the digital age.

"To do this, Nigerian and African millennials must deliberately base their transformation efforts on national and continental progress in a deeply comprehensible, respectful and non-abusive appreciation of their cultural heritage."

Dangote also emphasized the growing need for strong institutions to manage these developments and transitions as Africa evolves.

For her, the continent must switch from having strong people to strong institutions, strong institutions with effective executive capacity needed for sustainable development.

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