The group has also resolved to invest over N900 billion into the economy within the next 12 months.
The Minister of Trade and Investment, Mr. Olusegun Aganga, recently said that the federal government would as a matter of necessity put in place a platform to recognisethe contributions of entrepreneurs like Dangote and the need to encourage them to do more so that other businessmen would be interested in the development of the nation’s economy.
According to him: “I must say that much has been achieved by Dangote Cement in an attempt to meet local demands. And government would like to replicate these exploits in the production of rice, sugar and wheat.”
Speaking at an agro-business forum in Lagos last week, Aganga said the investment figure of N1.5 trillion for this year, which was a conservative one because of the few companies captured, was arrived at after an analysis of the survey forms filled by the companies during the ministry’s maiden meeting with the Organised Private Sector(OPS) and captains of industry.
Of the total amount, the President, Dangote Group, Alhaji Aliko Dangote, would investN900billion in the production of fertiliser and petro-chemicals.
The Nigerian Bottling Company Plc pledged to invest N45billion, Guinness Nigeria Plc($225million); Odua Investment Company Limited (N37billion); and Chairman, IkejaHotels Plc, Mr. Goodie Ibru ($6million) among others.
According to the survey, the manufacturing, real estate, agro-allied and automotive sectors would get N1.06trillion; N198.5billion, N67.8billion and N45billioninvestments respectively, while tourism, trade and commerce, transport and others would make up the rest.
Aganga, who commended the Nigerian investors for their confidence in the Nigerian economy, added that the federal government was committed to providing a conducive environment to enable the private sector play a pivotal role in the transformation of the country’s economy.
He said at the end of the one-day workshop on agribusiness, stakeholders would also come out with a roadmap for the implementation of the Nigerian Agribusiness and Agro-industries Development Initiative(NAADI).
This, according to him, would be a major step forward in the efforts aimed at job creation and economic growth.
According to him: “The result of that survey has just been released. It showed that the local companies will invest N1.52trillion in the Nigerian economy within the next 12 months. And this is in the non-oil sector alone.
“According to Nigeria ’s Vision 2020 document, Nigeria needs to invest N34trillion in growth areas in the next four years. Of this, the federal government should account for N10trillion, state governments, N9trillion, and private sector (both local and international), N15trillion.
“The overall macroeconomic target for the medium term is for Nigeria to achieve a target Gross Domestic Product of N50trillion ($333billion) by 2013, as well as growth in GDP per capita from $1,075 in 2009 to $2,008.75 by 2013.