Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • Compt Babatunde OLomu: Pragmatism, Innovation or Professionalism In Service?

      Jun 29, 2025
      0
    • PRESIDENT TINUBU CONGRATULATES CGC ON WCO Appointment

      Jun 29, 2025
      0
    • Maritime Stakeholders Excited By Ogbeifun's Appointment At NIMASA

      Jun 29, 2025
      0
    • WTO Salute Nigeria Customs For Operational Strides

      Jun 27, 2025
      0
    • Nigeria Celebrate Seafarers On Seafarers Day 2025!

      Jun 25, 2025
      0
    • NPA Under Dantsoho What Does The Charts Indicate?

      Jun 17, 2025
      0
    • IMO ELECTION: Nigeria Assures On Quality Representation

      Jun 17, 2025
      0
    • Maritime Development: Nigeria, Korea Deepen Collaboration

      Jun 16, 2025
      0
    • Shipping and Plastic Pollution-The Dangers To Humanity

      Jun 16, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • Compt Babatunde OLomu: Pragmatism, Innovation or Professionalism In Service?

  • PRESIDENT TINUBU CONGRATULATES CGC ON WCO Appointment

  • Maritime Stakeholders Excited By Ogbeifun’s Appointment At NIMASA

  • WTO Salute Nigeria Customs For Operational Strides

  • Nigeria Celebrate Seafarers On Seafarers Day 2025!

News
Home›News›Dangote Prays For Lower Crude Oil Prices by Amaka Ilabor

Dangote Prays For Lower Crude Oil Prices by Amaka Ilabor

By Editor
Sep 20, 2017
2070
0
Share:

Africa’s richest man and Nigeria’s indisputable  business leader Aliko Dangote has told a packed room in New York that he is hoping that oil prices will remain low to wean Nigeria away from its dependence.

He said agriculture should be the focus of government, as well as gas and minerals, in an effort to diversify the economy.

“Agriculture, agriculture, agriculture. Africa will become the food basket of the world,” he said.

In a packed room at the headquarters of global law firm Shearman and Sterling LLC high level business leaders and international diplomats invited by the Corporate Council for Africa ,  Dangote, and Rwandan president Paul Kagame openly conversed on Africa’s opportunities and challenges.

Both leaders underscored the ongoing movement to diversify African economies.

In the case of Nigeria, Africa’s largest economy, Dangote stated “we should pray that oil prices remain low. This helps wean us off the dependency on revenues from petroleum. We must take oil to be the icing on the cake. We already have the cake,” he added.

In addition to agriculture Dangote cited Nigeria’s vast mineral resources and gas as well and the need to manufacture more goods locally for domestic consumption.

Both he and President Kagame cited continued need for heavy investments in education and connected the need for young people to be well trained for the jobs of tomorrow.

Dangote predicted that “five of the twelve million jobs needed in Africa soon must be created in Nigeria.”

Dangote’s fortune which stems from cement, sugar, and other household commodities has expanded into fertilizer and other processed high-value goods. “Technology of course helps us a lot and our factories are state of the art with the use of robotics but we shouldn’t be overly tech oriented to create wealth,” he told investors.

Mr. Dangote who is often cited as one of the most inspiring business leaders in the world today and a model for young entrepreneurs offered advice to Americans who tend to rely on outdated news and wrong perceptions of Africa, “Don’t be lazy. Go there and find the real story for yourself. Things have changed.”

Dangote noted the Rwanda success story where he has business interests as an example of positive change, good governance and leadership, and where corruption has been cured. He cited a personal experience of offering a $100 US tip for services at the Kigali Airport to staff who refused to take money for work they were paid to do. President Kagame was praised for delivering the environment for growth he promised. “There is nothing African about corruption,” the Rwandan president added.

The session was moderated by Rosa Whitaker, former US Trade Representative and author of the AGOA (African Growth Opportunity Act), whose business consultancy is credited for helping both African governments and US companies develop commerce.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

Customs: Seme Nets N701m

Next Article

Insecurity: Customs Shelves Ease of Doing Business ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • News

    The Looting of Ecological Fund

    Nov 8, 2018
    By Editor
  • News

    World Hydrography Day: Navy Calls For Collaboration

    Jun 21, 2023
    By Editor
  • News

    FTX Crypto Exchange Collapses, CEO Resigns.

    Nov 11, 2022
    By Editor
  • News

    China Launches Autonomous Container Vessel

    Apr 26, 2022
    By Editor
  • News

    Honest Guards Commended by PMB

    Aug 23, 2018
    By Editor
  • News

    Shipping Tragedy: Several Sailors Dead In Vietnam

    Sep 30, 2022
    By Editor

Leave a Reply Cancel reply

  • FeaturedNews

    Maersk Shipping Line to Move Transit Cargoes Through Nigerian Sea Ports

  • FeaturedNews

    N790b Lost to Textile Smuggling-Emefiele

  • News

    “Let’s Look at Merit Not Quota system”-Osinbajo

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

Customs OperationsNews

Compt Babatunde OLomu: Pragmatism, Innovation or Professionalism In Service?

Comptroller Babatunde Olomu, Customs Area Controller, CAC, of the Apapa Area Command of the Nigeria Customs Service, NCS, assumed duty of the Command within the first week of May 2024. ...
  • PRESIDENT TINUBU CONGRATULATES CGC ON WCO Appointment

    By Editor
    Jun 29, 2025
  • Maritime Stakeholders Excited By Ogbeifun’s Appointment At NIMASA

    By Editor
    Jun 29, 2025
  • WTO Salute Nigeria Customs For Operational Strides

    By Editor
    Jun 27, 2025
  • Nigeria Celebrate Seafarers On Seafarers Day 2025!

    By Editor
    Jun 25, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved