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“We need to trade with ourselves” – Dangote

“We need to trade with ourselves” – Dangote



Dangote said at the Africa Summit, during the 5th annual Financial Times Summit in Africa, "one-on-one conversation" that the key to Africa's growth and strength is the development of the regional market, saying "African regional markets must work".   Dangote said that Africans must patronize the African markets, which is why the African Free Trade Agreements are a direction to be strengthened.   An example of his experience was the Dangote Group President's case in the neighboring country of Benin, where the country continues to import cement from China, while its Nigerian factory is only 35 miles from the border.

“We need to trade with ourselves,” Dangote stated as he spoke glowingly about the prospect of an African economy, the free trade agreement, and the availability of huge raw materials to attract investors.

Prompted by the Editor of the Newspaper, Lionel Barber to speak about difficult markets in Africa, Dangote dismissed the issue of difficulty and re-affirmed: “our aim is to always provide jobs and worth. As an African investor I don’t want any investor anywhere in Africa to have a bad experience.”
Dangote repeated his central mantra for African growth, urging the reduction of exports of raw materials to other continents but create greater wealth within African economies.
“We need to continue to transform the structure of African economies,” he said. He alluded to his company’s entry into the Ghana sugar market. “We are going to help Ghana grow its own sugar for the first time,” he said.



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