Dangote and NASCON Leaders Push for Industrial Hub Investments
At the CEO Forum of the 32nd Nigerian Economic Summit in Abuja, Olakunle Alake, Vice President of Dangote Industries Limited, and Aderemi Saka, Managing Director/Chief Executive Officer of NASCON Allied Industries Plc (NGX: NASCON), advocated for greater investment in industrial hubs to boost Nigeria's economic growth. Alake, represented by Isa Yusuf Aruwa, highlighted the Dangote Olokola Industrial Hub in Ondo State as a significant initiative aimed at promoting industrial development.
He stated that co-locating businesses within industrial hubs could lead to economies of scale, reduced operational costs, increased employment opportunities, and enhanced knowledge sharing. Alake emphasized that the success of an industrial hub would depend on its connection to the surrounding economy and the productive businesses that emerge around it.
He noted that large industrial companies could provide support to smaller firms through technical mentoring, supplier assessments, apprenticeships, and structured procurement opportunities.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
Read full article
Continue on Blueprint
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
Tinubu Highlights Dangote Group's Role in Job Creation
Tinubu Recognizes Dangote Group's Economic Impact
Dangote Refinery to Boost Economic Inclusion in Nigeria
Dangote Launches $50 Billion Investment Plan for Africa
Tinubu Calls for Investment at NBC's 75th Anniversary
FG Advocates for Support of African Entrepreneurs in Lagos
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
