As Africa’s Richest Man, Dangote, Clocks 59

Related stories

[VIDEO] Rivers LG Crisis: Police Nab Officials over Violent Attack on Sole Administrator

By Abiola Olawale The Rivers State Police Command in Port...

Elon Musk Dares Trump, Unveils New Political Party, “America Party”

By Abiola Olawale Billionaire entrepreneur Elon Musk has announced the...

OPEC+ Surprises With Oversized Output Hike

OPEC+ will ramp up oil production more aggressively than anticipated...

2027: Okpebholo, Oborevwori, Eno, Edet, Others Rally Support for Tinubu

By Abiola Olawale The All Progressives Congress (APC) in the...

Amid Several National Grid Collapse, Power Minister Adelabu Unveils Ambition to Succeed Makinde in Oyo

Kicks Off State-wide Consultations By Abiola Olawale Minister of Power,...

 President and Chief Executive Officer of the Dangote Group, Alhaji Aliko Dangote, clocks 59 on April 10, 2016. But the business mogul, contrary to expectations is not wining and dining that day. Rather, he is devoting the day to the groundbreaking ceremony of the 6.0 million metric tons per annum cement plant in Okpela, Edo State with the capacity to provide jobs for thousands.

Early life

The President and Chief Executive Officer of the Dangote Group, Alhaji Aliko Dangote, started out selling sweets. Though a tiny boy in primary school then, he was already shrewd enough to exploit the sweet tooth of his colleagues.

   “I can remember when I was in primary school, I would go and buy cartons of sweets and I would start selling them just to make money. I was so interested in business, even at that time,” he recounted.

 Today, a mere five decades plus later, that boy sits atop the biggest conglomerate in West Africa. He is rated the richest man in Africa and 24th in the whole world with a net worth of $17billion. Born into the rich family of Alhaji Mohammed Dangote and his wife, Mariya Sanusi Dantata, he is a great grand  nephew of Alhaji Alhassan Dantata, the richest African at the time of his death in 1955.

  Born April 10, 1957 in the Zodiac sign of Aries, the phenomenal achievements of Dangote in the business world typifies the enormous physical and mental energy that is the Arien’s  birthright. That same day, the Moon and the planet of genius, Uranus, were in the creative sign of Leo. And sharing this sign position with them was Pluto, the planet of power.

Business history 

  The Dangote Group started small in 1977 in Lagos. Today, it is a multi-billion conglomerate with operations in Benin, Ghana, Nigeria, and Togo, Tanzania, Congo, Ethiopia, Zambia, among others. Dangote has expanded to cover food processing, cement manufacturing, and freight. The Dangote Group also dominates the sugar market in Nigeria and is a major supplier to the country’s soft drink companies, breweries, and confectioners.

 Most prominent of Dangote’s companies is Dangote Cement, the continent’s largest cement producer. In 2015, Dangote Cement launched new plants in Cameroun, Ethiopia, Zambia and Tanzania. The company produces over 30 million metric tons annually, and plans to double capacity by 2018.

Business Growth 

In July 2012, Dangote approached the Nigerian Ports Authority to lease an abandoned piece of land at the Apapa Port, which was approved. He later built facilities for his flour company there. In the 1990s, he approached the Central Bank of Nigeria with the proposal that his transport company took up the management of the bank’s fleet of staff buses. The proposal was also approved.

  Today, Dangote Group has the largest sugar refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually. Dangote Group also owns salt factories and is a major importer of rice, fish, pasta, cement and fertiliser. The company also exports cotton, cashew nuts, cocoa, sesame seed and ginger to several countries. It also has major investments in real estate, banking, transport, textiles and oil and gas.

  The Dangote Group has a nationwide staff strength of 12,000 but on completion of ongoing projects, it is expected to hit 22,000. Alhaji A truly detribalised Nigerian, Dangote’s Personal Assistant is Yoruba while his Head of Corporate Affairs is a Christian from Delta State. Recently, he and other notable Nigerians announced their intention to float a private sector mega company, Transnational Corporation of Nigeria (TCN), which among other things may acquire government-owned refinery.

  A vehicle leasing unit with over 100 fully air-conditioned commuter buses, is also part of the Dangote Group. It is also into real estate with luxury flats and high rise complexes in Ikoyi, Victoria Island, Abuja and Kano. Dangote Foundation is the philanthropic arm of the group where yearly, he spends millions for worthy causes such as contributions to educational and healthcare institutions, sinking of boreholes and giving of scholarships.

  Dangote is also into telecommunications and has started building 14,000 kilometres of fibre optic cables to supply the whole of Nigeria. In January 2009, he was honoured as the leading provider of employment in the Nigerian construction industry.

  Other Activities

   The Nigerian government said Dangote donated N150 million to fight ebola in 2014.

  In May 2015, Dangote expressed interest in purchasing the English football team Arsenal. According to him, if he was able to make the purchase, he would fire the club’s manager Arsene Wenger. Fortunately for Wenger Dangote’s bid was unsuccessful.

 Awards

On 14 November 2011, Dangote was awarded Nigeria’s second highest honour, the Grand Commander of the Order of the Niger (GCON) by the then President, Goodluck Jonathan.

  Dangote was named the Forbes Africa Person of the Year 2014. In 2013, Dangote and six other prominent Nigerians were conferred Honorary Citizenship of Arkansas State by Governor Mike Beebe who also proclaimed May 30 of every year as Nigeria Day in the US.

He’s married with three children, zainab, halimat, fatimat and Salma.

The New Diplomat
The New Diplomat
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
[VIDEO] Rivers LG Crisis: Police Nab Officials over Violent Attack on Sole AdministratorElon Musk Dares Trump, Unveils New Political Party, "America Party"OPEC+ Surprises With Oversized Output Hike2027: Okpebholo, Oborevwori, Eno, Edet, Others Rally Support for TinubuAmid Several National Grid Collapse, Power Minister Adelabu Unveils Ambition to Succeed Makinde in OyoOsun Guber: Davido's Uncle, Adeleke Quashes Defection RumoursZamfara 2027: Intrigues As ADC Extends Invitation to Governor Dauda Lawal$4.2m Covid-19 Scam: Nigerian Pastor Goes to Jail, Osun Monarch, Oloyede Forfeits Assets in US As Crackdown BeginsNatasha Akpoti-Uduaghan: Senate Stipulates Terms for Reinstatement After Court's RulingTinubu Departs Saint Lucia, Heads to Brazil for BRICS Summit2027: Drama, Intrigues as Julius Abure Tells Otti to Quit Labour PartyFG Secures $100m for Lagos-Calabar Project from ECOWAS BankEx- Arsenal Star Thomas Partey Faces Rape, Sexual Assault Charges in UKEdwin Cortes: Prefers Being A Small Puerto Rican Than Big AmericanJune 12 And The International Pursuit of Justice For Abiola, By Femi Falana
X whatsapp