News Agency of Nigeria
Dangote Refinery fast-tracking Nigeria’s industrialisation- Official

Dangote Refinery fast-tracking Nigeria’s industrialisation- Official

By Nana Musa

A senior official of Dangote Group says it refinery is fast-tracking Nigeria’s long-awaited industrial take-off as a catalyst for a rapid economic development of the country.

 

Senior Adviser on Special Projects and Stakeholders Relations to the President of Dangote Group, Mrs Fatima Wali-Abdurrahman, disclosed this at the 20th Abuja International Trade Fair on Monday.

 

Wali-Abdurrahman said the massive facility was more than just a fuel producer, but a central stimulus for industrialisation in Nigeria.

 

“At Dangote Group, we have also shown through our refinery and cement that instead of exporting raw materials and importing finished goods, we must process more of what we produce here at home.

 

‘’This will not only create jobs and grow industries, but it will also reduce our dependence on imports and strengthen our economy. Our massive investment in the Dangote Refinery is not only a bold step towards Nigeria’s industrial ambition but also a reflection of our commitment to sustainability.

 

“From its conception, the refinery was designed with cutting-edge technology and efficiency measures. It stands as proof that large-scale industrialisation and sustainability can go hand in hand, setting a benchmark for future projects in Africa.”

 

The News Agency of Nigeria (NAN) reports that Dangote Industries Limited is one of the sponsors and participants at the 12-day Abuja Trade Fair with the theme: Sustainability: Consumption, Incentives, and Taxation.

 

She said that the group’s relationship with the Abuja Chamber of Commerce and Industries (ACCI) was a strategic partnership built on a vision for a prosperous and industrialised Nigeria and not merely transactional.

 

Some of the Strategic Business Units of the company at the Fair, she said, include: Dangote Cement, Dangote Salt, Dangote Sugar, Dangote Packaging, Dangote Fertiliser and Dangote Sinotruck, among others.

President of ACCI, Dr Emeka Obegolu, said that the Chamber’s collaboration with Dangote Group reflected a commitment to driving economic growth, strengthening trade, and creating opportunities for businesses and communities.

 

He said the Dangote Group’s active participation in the 20th edition of the Trade Fair further demonstrated its role as a key player in Nigeria’s industrial and commercial landscape.

 

At the opening ceremony on Monday, Obegolu said the 12-day Fair is expected to attract over 100,000 participants.

 

He said other highlights of the fair include the launch of Buy Africa, Build Africa (BABA) which is a flagship initiative that celebrates African products, services and creativity.

 

According to him, the BABA initiative is more than a festival; “it is a call to action for Africans to trade with Africa and build Africa.”

 

He said the Trade Fair provides a platform for business leaders seeking expansion and investment opportunities, as well as government institutions driving reforms and economic growth.(NAN)

Edited by Ismail Abdulaziz

Minister endorses West Africa Industrial Summit to drive regional economic growth

Minister endorses West Africa Industrial Summit to drive regional economic growth

 

 

By Taiye Olayemi

The Federal Ministry of Industry, Trade and Investment has formally endorsed the 2025 West Africa Industrialisation, Manufacturing, and Trade (IMT) Summit and Exhibition.

Sen. John Enoh, Minister of State for Industry, Trade, and Investment, affirmed Nigeria’s commitment to regional industrial and trade advancement in a statement in Lagos on Monday.

The endorsement signals strong governmental backing for the Summit, scheduled for Oct. 21 to Oct. 23 at the Landmark Centre, Lagos.

The theme of the IMT Summit is “Accelerating West Africa’s Sustainable Industrial Revolution for Economic Prosperity”.

It aims to convene key stakeholders from across the region, including policymakers, industrial leaders, investors, and development institutions, to chart practical strategies for industrial growth.

Enoh stated the ministry was pleased to collaborate with dmg Nigeria events, the organisers of the Summit.

He said, “The ministry formally endorses and consents to collaborate with dmg Nigeria events in the successful organisation of the West Africa Industrialisation, Manufacturing and Trade Summit and Exhibition 2025.

“The ministry commends dmg Nigeria events’ efforts in promoting industrial, manufacturing and trade development across the West African Region and looks forward to a successful partnership in delivering a high-impact Summit.”

Wemimo Oyelana, Country Director, Nigeria and Portfolio Director, Energy for dmg Nigeria events, also siad, “As we witness Africa’s rising in global manufacturing and trade, the endorsement from the Ministry of Industry, Trade, and Investment marks the beginning of the transformation required for real economic development and growth.”

According to him, this is a strong validation of the strategic importance of the maiden edition of the West African IMT Summit and Exhibition.

Oyelana added, “It reinforces our shared commitment to accelerating industrial development, strengthening local manufacturing, increasing regional and international trade, and driving investment into the region.”

West Africa IMT 2025 operates as an implementation platform where policy briefings, cross-border investment showcases, and technical panels address infrastructure gaps, regulatory alignment, and industrial capacity building.

This approach moves beyond conceptual discussion toward actionable regional industrial development strategies.

As Ghana and Senegal demonstrate measurable progress in manufacturing output and policy implementation, the summit provides infrastructure for scaling these approaches across West Africa’s broader industrial landscape. (NAN) (www.nannews.ng)

Edited by Olawunmi Ashafa

Zimbabwe advances knowledge-driven industrialisation with strategic China partnership

Zimbabwe advances knowledge-driven industrialisation with strategic China partnership

 

Zimbabwe has called on Chinese investors and partners aligned with China’s global development vision to help accelerate its transition to a knowledge-based, resource-driven industrial economy.

Prof. Amon Murwira, the country’s Minister of Foreign Affairs and International Trade, outlined the policy shift,  according to a report by The Herald, a partner of TV BRICS.

“Zimbabwe is open for business. Under this transformative vision, we are ready to engage and foster robust socio-economic partnerships with the People’s Republic of China,” Murwira said.

The Zimbabwean foreign minister reaffirmed the strong diplomatic and economic ties between Zimbabwe and China, which have been elevated to “five-star ironclad” status, signifying a deepened strategic alliance and shared development objectives.

This elevation follows the consensus reached between President Emmerson Mnangagwa and President Xi Jinping during their meeting in September 2024.

To facilitate deeper economic cooperation, Murwira highlighted several bilateral frameworks already in place.

These include a Bilateral Investment Promotion and Protection Agreement and Memoranda of Understanding on economic development cooperation, trade facilitation, and investment coordination.

These instruments aim to improve regulatory clarity, streamline procedures, and enhance investor confidence.

Officials also detailed plans to establish a vertically integrated industrial cluster that includes coal mining, power generation, and steel production.

The goal is to create the largest and most advanced metallurgical hub in Africa. (TV BRICS/NAN)

Edited by Emmanuel Yashim

FG reaffirms commitment to Nigeria’s industrial transformation, economic growth

FG reaffirms commitment to Nigeria’s industrial transformation, economic growth

By Lucy Ogalue

The Federal Government has reaffirmed its commitment to driving industrial transformation for a prosperous Nigeria, with policies focused on accelerating industrialisation, boosting manufacturing, and leveraging digital technology.

Sen. John Enoh, Minister of State for Industry, said this while speaking on the Federal Government’s economic agenda, at the Renewed Hope Global Virtual Town Hall Conference 2025.

Enoh emphasised the Renewed Hope Administration’s eight-point agenda, particularly the seventh pillar, which prioritised industrial growth through a digital economy, manufacturing, and innovative technology.

According to the minister, the administration has established targeted funding mechanisms to support key industries, such as the N50 billion in grants for small-scale entrepreneurs.

He said that there was N75 billion for Micro, Small, and Medium Enterprises (MSMEs), which accounted for nearly 40 million businesses in Nigeria.

“There is another N75 billion for manufacturing to boost local production.

“These funds, administered by the Bank of Industry (BOI), aim to foster growth in spite of economic challenges such as high interest rates and production costs,” he said.

The minister also highlighted existing policies designed to stimulate industrial development.

” These include the Backward Integration Programme (BIP) to enhance local capacity in sectors like sugar production and the National Automotive Design and Development Council (NADDC) Policy, aimed at local vehicle assembly.

“There is also the Cotton, Textile, and Garment (CTG) Policy, targeting textile industry revival among others,” he said.

In spite of these policies, Enoh said that past challenges had hindered effective implementation.

He said the President Bola Tinubu’s administration was committed to actualising these policies, ensuring that Nigeria remained globally competitive in industry, technology, and innovation.

“We can not continue to rely on exporting raw materials. We must invest in processing and manufacturing to create jobs, boost value addition, and attract foreign direct investments,” he said.

The minister assured Nigerians that the administration was working diligently to ensure that economic policies translated into measurable progress, positioning the country for sustained industrial growth and economic transformation.(NAN)

Edited by Kadiri Abdulrahman

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