Aliko Dangote, the President of the Dangote Group, while speaking as a panelist at a forum organised by the World Bank Group and the African Centre for Economic Transformation (ACET) on Friday in Accra, Ghana, singled out the erratic supply of power across the continent as the biggest impediment to the continent’s growth, Independent reports.
Dangote identified power as one of the biggest challenges Africa needed to address with urgent attention if governments wanted to see the continent grow. “No power, no growth. We need to make sure we tackle the issue of power,” the leading industrialist said at the first panel discussion at the Development Finance Forum.
Dangote noted that small businesses on the continent could never survive without stable power when the income or revenue generated was used in purchasing diesel to power and service generators. Calling for urgent action to address the continent’s power challenges, he said: “That does not make sense. For example, the entire state of Kano, with a population of 21 million people, has a power supply of less than 35megawatts from the grid. These are the issues we need to do. We must make sure that power is available, if not businesses cannot grow.”