Imo Economic Summit: Aliko Dangote Vows to Become State’s Largest Investor

Imo Economic Summit: Aliko Dangote Vows to Become State’s Largest Investor

OWERRI — Africa’s richest man, Aliko Dangote, has assured Imo State Governor Hope Uzodimma that the Dangote Group is prepared to become one of the biggest investors in Imo State, reaffirming the conglomerate’s commitment to expanding its footprint in Nigeria.

Speaking on Thursday during the opening session of the Imo Economic Summit 2025, Dangote called on the state government to specify key sectors requiring investment, promising immediate action once directives are given.

Dangote, who described Governor Uzodimma as a long-time friend, commended him for fostering an enabling environment for business and economic growth in the state.

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“We will be one of your biggest investors in Imo. So please tell me the area to invest and we will invest,” he said.

The African industrialist also encouraged Nigerian entrepreneurs to focus on developing their home regions, stressing that sustainable economic growth cannot depend on foreign capital alone.

“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he noted.

Dangote further highlighted progress at the Dangote Refinery, announcing that the facility is on track to achieve a 1.4 million barrels-per-day production capacity, making it the largest single-train refinery in the world.

The assurance marks a significant boost for Imo State’s investment outlook as the government continues efforts to strengthen its economy and attract large-scale private sector participation.

Imo Economic Summit: Aliko Dangote Vows to Become State’s Largest Investor