The President/Chief Executive Officer, Dangote Group, Alhaji Aliko Dangote, has urged the government to begin the production of petroleum products for export as part of strategies to diversify the nation’s export base.
He made the call in a keynote address he presented at the 9th All Nigerian Editors’ Conference in Asaba, Delta State, on Friday.
Dangote, who was represented by his Chief of Staff, Mr. Joseph Makoju, spoke on ‘Nigeria beyond oil’.
He said with the discovery of crude oil in many African nations, the fall of oil prices in the international market, and the exploration of alternative sources of energy such as shale oil, the nation should seek ways of enhancing its economic sustainability.
One of the strategies he identified was refining and production of diverse petroleum products for export.
With the creation of industries dedicated to the production of petroleum-based products, Dangote said conscious efforts should be made by the government and stakeholders to create a demand for the products in both the local and international markets.
Information from Punch was used in this report.