Dangote Laments Impact of Global, Local Meltdown on Businesses.

Byline: Ikeoye Oyetoro

The President and Chief Executive of the Dangote Group, Alhaji Aliko Dangote has lamented the negative effects of the global and local meltdown on businesses.

According to him, the outgoing financial year was difficult for businesses both globally and locally, as the global financial meltdown and crises in the domestic banking industry imposed challenges on the business environment through reduced access to both local and foreign capital, reduced purchasing power and sustained high price of wheat.

He noted some of the challenges facing businesses to include increase in the prices of raw materials, power and diesel which have gone up …