Nigeria should be generating 60,000mw of electricity- Dangote
President of the Dangote Group, Alhaji Aliko Dangote, says there is no justification for Nigeria’s low power generation output, arguing that if his conglomerate alone can produce over 1,500 megawatts for internal use, the country should be generating far more.
Dangote made the remarks during a recent tour of the Dangote Refinery in Lagos, where he highlighted the company’s expanding energy footprint and called for deeper private sector involvement in power generation.
According to him, Nigeria should not be grappling with 4,500 to 5,000 MW of electricity; instead, it should generate up to 60,000 MW.
He described what had been achieved at the refinery as proof that large-scale industrial projects were possible in Nigeria, including in the power sector.
He recalled that the sector had already been privatised and urged wealthy Nigerians to stop taking capital abroad and instead invest in the local
“We, the private sector, Nigerians, most especially us, should stop taking our money abroad and invest the money here to make sure that we develop our own country and continent, because without us showing the confidence that, yes, we have confidence in our own economy and the leadership of the country, foreigners will not come.”