Dangote urges African Leaders,Breaks Trade Barriers To Grow Economies

 

African leaders have been urged to dismantle trade barriers stifling their individual countries, in a bid to ensure smooth flow of goods and services, with a corresponding impact on economic growth and development across the continent.

The call was made by the Group Chief Commercial Officer of Dangote Industries Limited, Mr Rabiu Umar, during an interview aired on The Morning Show, a breakfast programme of the Arise News Channel, on the sidelines of the just-concluded Intra-African Trade Fair (IATF) held in Durban, South Africa.

Rabiu, who represented the Dangote Group, a platinum sponsor of the trade fair, also called for reforms at the various ports across Africa. He noted that “bringing down these barriers will mean that goods and services can move much more freely on the continent from one country to another.”

He advocated improved infrastructure across Africa to promote regional integration, as well as the ease of regulations and bureaucracy that prevented free flow of trade across the continent in order to realise the benefits of the African Continental Free Trade Area (AfCFTA) agreement.

Calling for enforcement of the Rules of Origin enshrined in the agreement, Rabiu also canvassed for 80 per cent of components of manufactured products to be sourced from Africa to avoid dumping of goods from foreign countries. He noted that there was a renewed interest in the Dangote group and Nigeria from other African countries at the fair.

Highlighting the benefits of the AfCFTA and its impact on manufacturers like the Dangote Group, he said, “The trade barriers highlights a lot of issues around infrastructure, around diplomacy, around ports. For example, if you take the port situation, you may get your goods to the port and it takes such a long time. If I give the example of Nigeria to get them out of the country or into the country.

“I was on a panel here and someone from South Africa said it’s cheaper to move goods from Durban to China than from Durban to Cape Town. So, the challenges are not just related to a particular region, they’re all across Africa,” he added.

Commenting on the renewed interest in Nigeria at the IATF meetings, with particular focus on his Dangote group, Rabiu said, “I think what has been impressive is the level of interest. From across the continent, many countries come in to find out what we do, trying to either sell us a solution or try to buy something from us.

 

 I mean, we’ve had people from all over.”

Speaking about the scope of operations of the Dangote Group, he stated that, “We have presence in 10 countries, like I said, including South Africa. So, we had people come in, who are in South Africa to ask to do business with us. We have had people who want to know about our fertiliser business, for example, and all sorts and of course, the famous refinery, people are interested in finding out more and how they can collaborate and do business with us. So, it’s been a worthwhile trip so far.”

 

 

 

African leaders have been urged to dismantle trade barriers stifling their individual countries, in a bid to ensure smooth flow of goods and services, with a corresponding impact on economic growth and development across the continent.

 

The call was made by the Group Chief Commercial Officer of Dangote Industries Limited, Mr Rabiu Umar, during an interview aired on The Morning Show, a breakfast programme of the Arise News Channel, on the sidelines of the just-concluded Intra-African Trade Fair (IATF) held in Durban, South Africa.

Rabiu, who represented the Dangote Group, a platinum sponsor of the trade fair, also called for reforms at the various ports across Africa. He noted that “bringing down these barriers will mean that goods and services can move much more freely on the continent from one country to another.”

 

He advocated improved infrastructure across Africa to promote regional integration, as well as the ease of regulations and bureaucracy that prevented free flow of trade across the continent in order to realise the benefits of the African Continental Free Trade Area (AfCFTA) agreement.

Calling for enforcement of the Rules of Origin enshrined in the agreement, Rabiu also canvassed for 80 per cent of components of manufactured products to be sourced from Africa to avoid dumping of goods from foreign countries. He noted that there was a renewed interest in the Dangote group and Nigeria from other African countries at the fair.

 

Highlighting the benefits of the AfCFTA and its impact on manufacturers like the Dangote Group, he said, “The trade barriers highlights a lot of issues around infrastructure, around diplomacy, around ports. For example, if you take the port situation, you may get your goods to the port and it takes such a long time. If I give the example of Nigeria to get them out of the country or into the country.

 

 

 

“I was on a panel here and someone from South Africa said it’s cheaper to move goods from Durban to China than from Durban to Cape Town. So, the challenges are not just related to a particular region, they’re all across Africa,” he added.

Commenting on the renewed interest in Nigeria at the IATF meetings, with particular focus on his Dangote group, Rabiu said, “I think what has been impressive is the level of interest. From across the continent, many countries come in to find out what we do, trying to either sell us a solution or try to buy something from us. I mean, we’ve had people from all over.”

Speaking about the scope of operations of the Dangote Group, he stated that, “We have presence in 10 countries, like I said, including South Africa. So, we had people come in, who are in South Africa to ask to do business with us. We have had people who want to know about our fertiliser business, for example, and all sorts and of course, the famous refinery, people are interested in finding out more and how they can collaborate and do business with us. So, it’s been a worthwhile trip so far.”