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Dangote Promises to Be ‘Biggest Investor’ in Imo State, Citing Confidence in Policy Reforms

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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The President of Dangote Group, Aliko Dangote has assured Governor Hope Uzodimma of Imo State that his group will be one of the biggest investors in the state.

Dangote gave the assurance at the opening session of the Imo Economic Summit 2025 in Owerri on Thursday.

The renowned Africa’s industrialist urged Uzodimma to indicate his preferred area of investment and forget the rest.

Dangote described the Imo governor as a personal friend of decades and commended him for providing enabling environment for investment.

“We will be one of your biggest investors in Imo. So, please tell me the area to invest and we will invest”, Dangote declared.

He called on entrepreneurs to always invest at home, adding that foreigners cannot drive the economy of any nation more than the nationals.

“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he submitted.

Dangote reiterated that his refinery was set to launch the expansion of his refinery to 1.4 million barrels per day capacity, the highest for any single refinery in the world.

Dangote also used the platform to strongly endorse the bold economic policies of the Federal Government under President Bola Tinubu, specifically citing: the removal of the fuel subsidy and the foreign exchange reforms.

He stated that those who have “scratched the card” of the Nigerian business environment are now “seeing the results,” implying the reforms are creating a more favorable environment for large-scale domestic investment.



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