Labour hails Dangote on investment, employment, youth empowerment

… Urges others to emulate him

Following his fresh investments in automobile and agriculture, the organized labour has commended Alhaji Aliko Dangote, President and the Chief Executive of the Dangote Group for promoting investment and creating thousands of direct and indirect youth employment across the country and in Africa.

The labour said Dangote’s patriotism remains unparalleled when it comes to investment and that his investments in many sectors have been a key factor behind Nigeria’s improving economy.

Vice-President of the Geneva based global union, the IndustrialALL and the Secretary General of the National Textile Garment Workers Union, Comrade Issa Aremu who was speaking on the sideline of the 5th Triennial National Delegates Conference of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja, where he represented former Edo governor Adams Oshiomhole as the guest speaker lamented that others who should have invested in the country are stashing their money abroad and thus denying the nation the much needed investment.

He maintained that Nigeria would have been an industrial giant in Africa if the nation could boast of more Dangotes whose preoccupation would be to invest and create jobs for the teeming populace.

Aremu, a member of the National Executive Council (NEC) of the Nigeria Labour Congress (NLC) also commended other compatriots who he said joined Dangote “in obedience to the clarion call of the opening stanza of the national anthem “Arise oh Compatriots” by rising in defence of national unity in the wake of discordant and divisive voices by some misguided youths”.

Referring to the on-going construction of the world class Refinery and petrochemicals in Lagos by Dangote, the labour leader said Nigeria is blessed to have an astute business man like Dangote who would venture into business terrain where even the professionals would dare not dabble into.

“Little wonder other African leaders are courting his friendship so that he could extend his investments into their countries. I don’t think there is any other Nigerian with much investment in and outside the country like Dangote. I understand he has his companies in 15 African countries. We in the labour are proud of him”, Aremu stated.

Speaking earlier on the theme of the Conference “Emerging Trends in the Oil and Gas Industry and its Impacts on Labour Movement in Nigeria.’’, Comrade Aremu pointed out that following the crash in the global oil prices, diversification was more than urgent adding that this was what Dangote group with investment in scores of sectors in Africa had been doing “even at a time it was not fashionable and even risky to do so.”

According to him, diversification was not the same as replacing extractive crude oil with another extractive solid mineral but ” in beneficiation, industrialization and value addition along the whole value chains which he insisted “must start with the oil and gas industry with the revival of the refineries.

“In spite of the challenges taking place in this sector, the oil and gas industry matters more than ever before and there is no way you can talk of diversification without the oil and gas sector.

“As a matter of fact, no diversification can take place in agriculture, in solid minerals without the necessary available resources that are still accruable form the oil and gas sector. “It is obvious, 40 per cent of the national employment comes from the sector not only that, 95 per cent of the foreign exchange earning of Nigeria comes from oil and gas, “16 per cent of our GDP also comes from this sector, with 37 billion reserved crude oil as well as 183 trillion cubic feet of gas,’’ he said.