The chairman of the Nigerian Alternate Group (NGX), Dr Umaru Kwairanga, has counseled Ethiopia’s management for its financial progress and expressed optimism about stronger ties between Nigeria and Ethiopia.
Kwairanga gave the commendation in his tackle at a presidential dinner held in Addis Ababa, Ethiopia, on Friday,.
This was throughout an official go to that coincided with the muse laying ceremony of the $3 billion Dangote Fertiliser Plant.
The NGX chairman lauded the nice and cozy hospitality prolonged by the Ethiopian authorities and praised the nation’s efforts in preserving its wealthy historical past whereas embarking on transformative growth tasks.
“Ethiopia has an extended and proud historical past as one among Africa’s oldest impartial nations.
“I’m pleased to see that you’ve got preserved that legacy whereas creating tasks such because the Grand Ethiopian Renaissance Dam and the Dangote Cement Plant, which stand as enduring testaments to your management,” he mentioned.
Talking on the brand new $3 billion fertiliser complicated, the NGX Chairman described it as a “gigantic undertaking befitting of Alhaji Aliko Dangote’s imaginative and prescient and execution capability,.”
He famous that the African industrialist continued to display dedication to advancing the continent’s self-sufficiency and growth.
He mentioned the undertaking underscored the necessity for elevated funding in Africa’s infrastructure.
He emphasised that improved transport, power, and industrial techniques have been key to unlocking the continent’s huge potential.
“Africa has all it takes to be the world’s subsequent progress engine, however to attain that, we should deal with our infrastructure deficit and entice investments that may present jobs and enhance livelihoods,” he mentioned.
Kwairanga additionally highlighted Nigeria’s assist for Ethiopia’s financial reforms, significantly in capital market growth.
He disclosed that the Nigerian Alternate Group performed a big position in establishing the Ethiopian Inventory Alternate, the nation’s first and now holds a ten per cent fairness stake.
“This partnership is a concrete demonstration of our perception within the stability and viability of the Ethiopian economic system,” he mentioned.
The NGX boss additional famous that the shared similarities between Nigeria and Ethiopia, together with their massive and industrious populations, resilience within the face of challenges, and robust management.
Based on him, the rising cooperation between the 2 nations, strengthened by non-public sector partnerships equivalent to Dangote’s investments, will proceed to strengthen bilateral relations and promote inclusive progress throughout Africa.
Kwairanga expressed appreciation to the Ethiopian Prime Minister, cupboard members, and residents for his or her heat hospitality, whereas congratulating each the Federal Democratic Republic of Ethiopia and Dangote Industries Restricted on their collaboration. (NAN)
