The President of the Dangote Group, Alhaji Aliko Dangote, has hinged Nigeria’s industrialisation challenges on unstable electricity.
Dangote said running a business abroad is 30 per cent cheaper than running the same business in Nigeria and other African countries due to stable electricity supply in developed countries.
Africa’s richest man stated this recently while hosting the Zambian Minister of Energy, Makozo Chikote, at the Dangote refinery in Lekki, Lagos State.
He said the group’s most profitable cement factory is the one in Ethiopia because of its stable power supply.
