{"id":122844,"date":"2024-07-02T23:13:21","date_gmt":"2024-07-02T22:13:21","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate"},"modified":"2024-07-03T00:22:44","modified_gmt":"2024-07-02T23:22:44","slug":"no-growth-will-happen-dangote-kicks-against-cbns-interest-rate","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate","title":{"rendered":"\u2018No growth will happen\u2019 \u2013 Dangote kicks against CBN\u2019s interest rate"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Chairman of the Dangote Group, Aliko Dangote, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest rate to nearly 30 per cent.<\/p>\n

The business mogul made his opinion known at a summit hosted by the Manufacturers Association of Nigeria, MAN, on Tuesday at the State House in Abuja.<\/p>\n

Dangote said that with the new interest rate, there will be no growth, adding that it may even pose challenges in creation of jobs.<\/p>\n

\u201cNobody can create jobs with an interest rate of 30%. No growth will happen,\u201d he said.<\/p>\n

\u201cWe must look to leading countries in the West and the East who are actively protecting their domestic industries.<\/p>\n

\u201cImport dependence is equivalent to importing poverty and exporting jobs. No power, no growth, no prosperity. Similarly, no affordable financing, no growth, no prosperity.<\/p>\n

\u201cThere is no industrialization without protection. Ignoring these facts is what gives rise to insecurity, banditry, kidnapping and abject poverty.\u201d<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Chairman of the Dangote Group, Aliko Dangote, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest rate to nearly 30 per cent. The business mogul made his opinion known at a summit hosted by the Manufacturers Association of Nigeria, MAN, on Tuesday at […]<\/p>\n","protected":false},"author":84,"featured_media":122843,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[503,1233,254],"class_list":["post-122844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-cbn","tag-dangote","tag-nigeria"],"yoast_head":"\n\u2018No growth will happen\u2019 \u2013 Dangote kicks against CBN\u2019s interest rate - Nigeria<\/title>\n<meta name=\"description\" content=\"The Chairman of the Dangote Group, Aliko Dangote, has expressed concern over the decision of the Central Bank of Nigeria ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018No growth will happen\u2019 \u2013 Dangote kicks against CBN\u2019s interest rate\" \/>\n<meta property=\"og:description\" content=\"The Chairman of the Dangote Group, Aliko Dangote, has expressed concern over the decision of the Central Bank of Nigeria ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-02T22:13:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-02T23:22:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/07\/sm_1719949707.893139.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"\u2018No growth will happen\u2019 \u2013 Dangote kicks against CBN\u2019s interest rate\",\"datePublished\":\"2024-07-02T22:13:21+00:00\",\"dateModified\":\"2024-07-02T23:22:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate\"},\"wordCount\":181,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/07\/sm_1719949707.893139.jpg\",\"keywords\":[\"CBN\",\"Dangote\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/no-growth-will-happen-dangote-kicks-against-cbns-interest-rate\",\"name\":\"\u2018No growth will happen\u2019 \u2013 Dangote kicks against CBN\u2019s interest rate - 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