The Dangote Group is looking to cash in on the foreign exchange reforms that have made local production “cheaper” to drive its growth plans across its product sectors and expansion in Africa.
“As a group, we are looking at our growth coming from three sectors, foods and agriculture; that’s the first one, cement and building materials, and then oil and gas,” Aliko Dangote, president of the conglomerate, represented by Aliyu Suleiman, group chief strategy officer of Dangote Group said at BusinessDay’s 13th CEO Forum held in Lagos Thursday.
“In food and agriculture, we are also driving local production. One advantage of the reforms that are coming, like the FX reforms, is that it now makes local production cheaper versus imports.”
