The President of the Dangote Group, Aliko Dangote, says the availability of consumer credit facility is an important option in fighting corruption in the country.
Mr Dangote said this on Saturday in Lagos at a consultative roundtable titled, “Going for Growth” with some economic stakeholders.
He said that the Central Bank of Nigeria (CBN) and commercial banks should develop consumer credit products to encourage low-income earners to engage in loan taking.
He also identified a lack of policy implementation as the biggest challenge in the country.
“How do you have economic growth without power? So, no power, no growth because without power there can’t be growth.
“Egypt increased its electricity by 10 gigawatts, which is equivalent to 10,000 megawatts in 18 months.
Read more via Premium Times Nigeria https://www.premiumtimesng.com/news/headlines/334081-why-nigerias-economy-cannot-grow-dangote.html