Dangote Slams Nigeria Elites for Prioritising Private Jets Over Job Creation

Dangote Slams Nigeria Elites in a strongly worded statement where Africa’s richest man criticised wealthy Nigerians for spending millions on private jets and luxury lifestyles instead of creating jobs that could lift the economy. The business magnate warned that Nigeria’s economic crisis will only deepen if the nation’s elite continue to prioritise extravagant spending over productive investments.

During a media briefing in Lagos, Aliko Dangote expressed concern that Nigeria’s wealthy class appears disconnected from the country’s harsh economic realities. According to him, population growth, unemployment, and declining industrial capacity require urgent investment — not luxury acquisitions.

Table of Contents

• Why Dangote Is Angry With Nigeria’s Elite
• Dangote’s Warning on Nigeria’s Economic Future
• Nigeria’s Private Jet Culture and Declining Industrial Growth
• “Misplaced Priorities”: Dangote Slams Nigeria Elites
• Why Job Creation Is More Important Than Luxury Spending
• Dangote: Stop Blaming Tinubu for Everything
• Industries Nigeria Desperately Needs
• How Nigeria’s Wealthy Class Can Help the Economy
• What the Government Should Do Next
• Conclusion

Why Dangote Is Angry With Nigeria’s Elite

In the viral address, Dangote Slams Nigeria Elites for what he described as “shocking misplaced priorities.” He revealed that the number of private jets in Abuja and Lagos is now so high that the airports barely have space to park them.

He said:

“If you have money for Rolls Royce, go and put up an industry in your locality or any part of Nigeria that needs development. That’s why it pains me when I go to Abuja or Lagos international airport and there is no parking space for private jets. Those private jets should be in industries creating jobs.”

His remarks highlight a growing concern: Nigerian billionaires are investing in luxury assets instead of building sustainable industries that employ thousands.

Dangote Slams Nigeria Elites and Issues a Warning on Nigeria’s Future

Dangote Slams Nigeria Elites with a serious warning: the country is heading toward a dangerous economic future if urgent action is not taken. He reminded Nigerians that the nation is growing at an explosive rate — over 8.7 million babies are born every year.

That means more mouths to feed, more jobseekers entering the market, and more pressure on an already weak economy.

Without heavy investment in industries, Nigeria risks mass unemployment and deeper poverty.

Nigeria’s Private Jet Culture vs. Industrial Development

Nigeria has one of the highest numbers of private jet owners in Africa. Yet, the country struggles with low manufacturing output and heavy reliance on imports.

According to external economic data, Nigeria’s manufacturing sector contributes less than 10% to the GDP, a figure considered extremely low for a population of over 220 million.

This discrepancy shows why Dangote Slams Nigeria Elites for ignoring the real needs of the nation.

“Misplaced Priorities”: Dangote Slams Nigeria Elites

Dangote emphasised that wealthy Nigerians must rethink what they value. Instead of buying:

• Rolls Royce cars
• Private jets
• Exotic foreign mansions
• Super-yachts

They should channel funds into:

• Factories
• Agro-processing plants
• Refineries
• Tech hubs
• Manufacturing outfits

He believes these investments would help reduce unemployment and diversify the economy.

Why Job Creation Is More Important Than Luxury Spending

Millions of Nigerian youths enter the job market yearly. However, available jobs are declining due to:

• Factory closures
• Poor infrastructure
• Heavy taxation
• Weak industrial support
• Dependence on importation

This is why Dangote Slams Nigeria Elites: luxury spending does not contribute to economic growth. Job creation does.

Dangote: Stop Blaming Tinubu for Everything

One key part of his message was that Nigerians should stop blaming President Bola Tinubu for all economic problems.

Dangote Slams Nigeria Elites and the public for shifting blame instead of supporting solutions. According to him, Nigeria’s economy did not collapse in one year — it has been declining for over a decade.

He insisted that everyone must contribute:

• Government
• Business owners
• Industry leaders
• Wealthy individuals
• Foreign investors

Industries Nigeria Desperately Needs Right Now

To avoid long-term economic collapse, Nigeria needs massive investment in industries such as:

Agriculture Processing

Nigeria wastes over 60% of its farm produce due to poor processing facilities.

Textile Manufacturing

Local textile mills can employ millions.

Automobile Assembly Plants

Cars, trucks, and buses should be assembled locally.

Pharmaceutical Manufacturing

Most Nigerian drugs are imported. This should change.

Petrochemical Production

With Dangote’s refinery already in place, more investors are still needed.

Construction Material Factories

Cement, steel, roofing sheets, tiles, and paint factories are crucial.

How Nigeria’s Wealthy Class Can Help the Economy

Dangote Slams Nigeria Elites because he wants them to lead by example. According to him, the wealthy should:

• Invest in factories, not private jets
• Create jobs in their home towns
• Partner with government on infrastructure
• Support SMEs
• Build export-focused industries

He insisted that true wealth is built by nation building, not luxury lifestyle displays.

What the Government Must Do Next

Dangote advised policymakers to create an environment that supports industrial growth. Government must:

• Reduce taxes for manufacturers
• Provide stable electricity
• Improve transportation networks
• Offer long-term industrial loans
• Cut down on import dependency
• Support local production through incentives

These changes will make it easier for investors to build industries without losing money.

Conclusion

Dangote Slams Nigeria Elites not out of anger, but out of concern. He believes Nigeria can become an economic giant only if its wealthy elite focus on job creation instead of luxury spending. His message is both a warning and a call to action.

To fix Nigeria’s economy, everyone must play a role — especially those with the financial power to create real change.

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