Obasanjo: Policies need entrepreneurs like Wale Tinubu, Dangote to drive industrial growth

Former President Olusegun Obasanjo has said government policies can only translate into industrial growth when entrepreneurs are willing to commit capital, take risks and invest in productive activities. Obasanjo made the remarks on Wednesday, at the groundbreaking ceremony for Aliko Dangote’s proposed $16 billion East Africa Refinery in Lamu, Kenya. The former president, while reflecting on the role of government policy in stimulating industrial investment, cited Dangote and Wale Tinubu, Oando Group Chief Executive, among entrepreneurs who responded to policy initiatives with investments. “I made policies, but my policies would have failed if not for Dangote and others like Wale, Wale, please stand up and others that took advantage of them,” Obasanjo said. He was referring to policy interventions introduced during his administration and the subsequent investments by private-sector entrepreneurs who responded to the opportunities created by those policies. Obasanjo’s remarks highlight the role of private capital in translating government policy into factories, infrastructure, businesses and jobs. While government can establish policies, incentives and regulatory frameworks, the former president said their economic impact ultimately depends on entrepreneurs who are prepared to invest and assume commercial risks. The comments came against the backdrop of growing efforts by African economies to increase domestic processing and value addition rather than remain heavily dependent on exports of raw materials. The proposed East Africa Refinery in Lamu is part of that broader industrialisation narrative, with Dangote’s investment plans in Kenya highlighting the role of private capital in developing energy and industrial infrastructure across the continent. Obasanjo, in a statement, said the experience demonstrates that sustainable economic development requires cooperation between government and the private sector, with policy providing the framework and entrepreneurs supplying capital, enterprise and risk-taking. His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

Obasanjo made the remarks on Wednesday, at the groundbreaking ceremony for Aliko Dangote’s proposed $16 billion East Africa Refinery in Lamu, Kenya. The former president, while reflecting on the role of government policy in stimulating industrial investment, cited Dangote and Wale Tinubu, Oando Group Chief Executive, among entrepreneurs who responded to policy initiatives with investments. “I made policies, but my policies would have failed if not for Dangote and others like Wale, Wale, please stand up and others that took advantage of them,” Obasanjo said. He was referring to policy interventions introduced during his administration and the subsequent investments by private-sector entrepreneurs who responded to the opportunities created by those policies. Obasanjo’s remarks highlight the role of private capital in translating government policy into factories, infrastructure, businesses and jobs. While government can establish policies, incentives and regulatory frameworks, the former president said their economic impact ultimately depends on entrepreneurs who are prepared to invest and assume commercial risks. The comments came against the backdrop of growing efforts by African economies to increase domestic processing and value addition rather than remain heavily dependent on exports of raw materials. The proposed East Africa Refinery in Lamu is part of that broader industrialisation narrative, with Dangote’s investment plans in Kenya highlighting the role of private capital in developing energy and industrial infrastructure across the continent. Obasanjo, in a statement, said the experience demonstrates that sustainable economic development requires cooperation between government and the private sector, with policy providing the framework and entrepreneurs supplying capital, enterprise and risk-taking. His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

The former president, while reflecting on the role of government policy in stimulating industrial investment, cited Dangote and Wale Tinubu, Oando Group Chief Executive, among entrepreneurs who responded to policy initiatives with investments. “I made policies, but my policies would have failed if not for Dangote and others like Wale, Wale, please stand up and others that took advantage of them,” Obasanjo said. He was referring to policy interventions introduced during his administration and the subsequent investments by private-sector entrepreneurs who responded to the opportunities created by those policies. Obasanjo’s remarks highlight the role of private capital in translating government policy into factories, infrastructure, businesses and jobs. While government can establish policies, incentives and regulatory frameworks, the former president said their economic impact ultimately depends on entrepreneurs who are prepared to invest and assume commercial risks. The comments came against the backdrop of growing efforts by African economies to increase domestic processing and value addition rather than remain heavily dependent on exports of raw materials. The proposed East Africa Refinery in Lamu is part of that broader industrialisation narrative, with Dangote’s investment plans in Kenya highlighting the role of private capital in developing energy and industrial infrastructure across the continent. Obasanjo, in a statement, said the experience demonstrates that sustainable economic development requires cooperation between government and the private sector, with policy providing the framework and entrepreneurs supplying capital, enterprise and risk-taking. His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

“I made policies, but my policies would have failed if not for Dangote and others like Wale, Wale, please stand up and others that took advantage of them,” Obasanjo said. He was referring to policy interventions introduced during his administration and the subsequent investments by private-sector entrepreneurs who responded to the opportunities created by those policies. Obasanjo’s remarks highlight the role of private capital in translating government policy into factories, infrastructure, businesses and jobs. While government can establish policies, incentives and regulatory frameworks, the former president said their economic impact ultimately depends on entrepreneurs who are prepared to invest and assume commercial risks. The comments came against the backdrop of growing efforts by African economies to increase domestic processing and value addition rather than remain heavily dependent on exports of raw materials. The proposed East Africa Refinery in Lamu is part of that broader industrialisation narrative, with Dangote’s investment plans in Kenya highlighting the role of private capital in developing energy and industrial infrastructure across the continent. Obasanjo, in a statement, said the experience demonstrates that sustainable economic development requires cooperation between government and the private sector, with policy providing the framework and entrepreneurs supplying capital, enterprise and risk-taking. His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

He was referring to policy interventions introduced during his administration and the subsequent investments by private-sector entrepreneurs who responded to the opportunities created by those policies. Obasanjo’s remarks highlight the role of private capital in translating government policy into factories, infrastructure, businesses and jobs. While government can establish policies, incentives and regulatory frameworks, the former president said their economic impact ultimately depends on entrepreneurs who are prepared to invest and assume commercial risks. The comments came against the backdrop of growing efforts by African economies to increase domestic processing and value addition rather than remain heavily dependent on exports of raw materials. The proposed East Africa Refinery in Lamu is part of that broader industrialisation narrative, with Dangote’s investment plans in Kenya highlighting the role of private capital in developing energy and industrial infrastructure across the continent. Obasanjo, in a statement, said the experience demonstrates that sustainable economic development requires cooperation between government and the private sector, with policy providing the framework and entrepreneurs supplying capital, enterprise and risk-taking. His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

Obasanjo’s remarks highlight the role of private capital in translating government policy into factories, infrastructure, businesses and jobs. While government can establish policies, incentives and regulatory frameworks, the former president said their economic impact ultimately depends on entrepreneurs who are prepared to invest and assume commercial risks. The comments came against the backdrop of growing efforts by African economies to increase domestic processing and value addition rather than remain heavily dependent on exports of raw materials. The proposed East Africa Refinery in Lamu is part of that broader industrialisation narrative, with Dangote’s investment plans in Kenya highlighting the role of private capital in developing energy and industrial infrastructure across the continent. Obasanjo, in a statement, said the experience demonstrates that sustainable economic development requires cooperation between government and the private sector, with policy providing the framework and entrepreneurs supplying capital, enterprise and risk-taking. His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

While government can establish policies, incentives and regulatory frameworks, the former president said their economic impact ultimately depends on entrepreneurs who are prepared to invest and assume commercial risks. The comments came against the backdrop of growing efforts by African economies to increase domestic processing and value addition rather than remain heavily dependent on exports of raw materials. The proposed East Africa Refinery in Lamu is part of that broader industrialisation narrative, with Dangote’s investment plans in Kenya highlighting the role of private capital in developing energy and industrial infrastructure across the continent. Obasanjo, in a statement, said the experience demonstrates that sustainable economic development requires cooperation between government and the private sector, with policy providing the framework and entrepreneurs supplying capital, enterprise and risk-taking. His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

The comments came against the backdrop of growing efforts by African economies to increase domestic processing and value addition rather than remain heavily dependent on exports of raw materials. The proposed East Africa Refinery in Lamu is part of that broader industrialisation narrative, with Dangote’s investment plans in Kenya highlighting the role of private capital in developing energy and industrial infrastructure across the continent. Obasanjo, in a statement, said the experience demonstrates that sustainable economic development requires cooperation between government and the private sector, with policy providing the framework and entrepreneurs supplying capital, enterprise and risk-taking. His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

The proposed East Africa Refinery in Lamu is part of that broader industrialisation narrative, with Dangote’s investment plans in Kenya highlighting the role of private capital in developing energy and industrial infrastructure across the continent. Obasanjo, in a statement, said the experience demonstrates that sustainable economic development requires cooperation between government and the private sector, with policy providing the framework and entrepreneurs supplying capital, enterprise and risk-taking. His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

Obasanjo, in a statement, said the experience demonstrates that sustainable economic development requires cooperation between government and the private sector, with policy providing the framework and entrepreneurs supplying capital, enterprise and risk-taking. His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

His comments also underscore the importance of policy consistency in encouraging long-term private-sector investment, particularly in capital-intensive sectors such as energy and manufacturing. For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share

For African economies seeking to expand productive capacity, the relationship between government policy and private investment remains critical to converting economic ambitions into tangible assets, employment and increased domestic value addition. Related News COAS upgrades Army command schools nationwide to improve learning Military recovers 304,822 litres of stolen petroleum products in September Military eliminates 16 terrorists in Adamawa, loses three soldiers in fierce gun battle Share