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<p>Africa’s richest industrialist, Alhaji Aliko Dangote, has said his investments in electricity generation will help address Nigeria’s power challenges and attract more investors into the country.</p><div class="88rjEySe" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>Dangote stated this during an interactive session with members of the Northern creative industries and selected journalists at the Dangote Refinery in Lagos.</p>
<p>The billionaire businessman identified inconsistent government policies and inadequate electricity supply as some of the major obstacles discouraging investors from bringing their capital into Africa.</p>
<p>He said the lack of reliable electricity had continued to undermine industrial development and economic growth, stressing that investors would be more willing to establish businesses in Nigeria and other African countries if the necessary infrastructure was available.</p><div class="Fdf3RXBK" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>Dangote said his investments in power generation were aimed at addressing some of these challenges and creating an enabling environment for businesses to thrive.</p>
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<p>&#8220;People are not coming to invest in Africa due to inconsistencies in government policies and lack of electricity. Now we are generating electricity, and that will make them generate,&#8221; he said.</p>
<p>He further disclosed that his group was committing about $70 billion towards investments aimed at making business and economic development more feasible across Africa.</p>
<p>According to him, the investments are part of efforts to strengthen the continent&#8217;s productive capacity, improve infrastructure and encourage more private-sector participation in economic development.</p>
<p>On the relationship between the media and his business empire, Dangote said he had no intention of investing in media organisations, insisting that journalists must remain committed to reporting the truth.</p>
<p>He said although he valued the media and maintained cordial relationships with journalists, he would prefer an independent media environment where reporters could freely discharge their professional responsibilities.</p>
<p>&#8220;I will not invest in media. You have to tell the truth, and I don&#8217;t want to offend anybody, but we will continue to be friends of the media,&#8221; Dangote said.</p>
<p>The industrialist also disclosed plans to deepen investments in agriculture, revealing that his group was signing an agreement with the Niger State Government on farming activities.</p>
<p>He said the arrangement would involve the establishment of a rice mill to support large-scale rice production, with about one million hectares of land expected to be cultivated under the initiative.</p>
<p>The proposed agricultural investment, he explained, is expected to strengthen local food production, support farmers and contribute to Nigeria&#8217;s food security objectives.</p>
<p>Dangote also announced plans to commission an ultra-modern theatre at the Murtala Muhammad Specialist Hospital in January, as part of efforts to support healthcare infrastructure.</p>
<p>He said the facility would provide improved medical services and contribute to strengthening the country&#8217;s healthcare delivery system.</p>
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