
Foremost industrialist and President of Dangote Group, Aliko Dangote has told the audience at the World Economic Forum (WEF) holding in Davos Switzerland that a joint effort between government and private sector to tackle the power deficit remained a key element in boosting the economy of Africa.
Dangote, who also spoke about his efforts at contributing to lightening up Africa starting from Nigeria was one of the panelists at a discussion on closing the power gap in Africa organized by the CNBC, a renowned Satellite Business Television Channel.
The businessman man also advised African governments to imbibe policy consistency and avoid summersault which he said often times scuttle the business plan of investors and discourages others from investing in the sector.
Dangote who is investing heavily in power with his $12 billion refinery and petrochemical project said part of his project in Lagos is laying of sub-sea gas pipeline from Niger Delta to Lagos to provide 3 billion cubic feet of gas that can generate 12, 000 mw of electricity.
Other panelists at the discussion include, Mr. Akinwunmi Adesina, President of African Development Bank, Deputy President of South Africa, Cyril Ramaphosa and Special Representative of the United Nation, Rachel Kyte.