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How do you have economic growth without power? – Dangote

The President of the Dangote Group, Alhaji Aliko Dangote, says availability of consumer credit facility is an important option in fighting corruption in the country.

Dangote said this on Saturday in Lagos at a consultative roundtable titled, “Going for Growth” with some economic stakeholders.

He said that the Central Bank of Nigeria (CBN) and commercial banks should develop consumer credit products to encourage low income earners engage in loan taking.

Dangote also identified lack of policy implementation as the biggest challenge in the country.

He said, “How do you have economic growth without power? So, no power, no growth because without power there can’t be growth. “Egypt increased its electricity by 10 gigawatts, which is equivalent to 10,000 megawatts in 18 months.

“In Nigeria, we have been struggling for 18 years without adding 1,000 megawatts and we have spent about three times above Egypt, why? “So, I think we all need to be concerned about that.”

 

– NAN

 

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298, 08056381068.

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