Aliko Dangote is currently the wealthiest man in Africa with the net woth of 18.3 billion USD (2015) according to Forbes. In October 2015, Aliko Dangote was name among the 50 most influential person on earth. He really worth profiling in our personality review.
Aliko Dangote Personal Life
Aliko Dangote was born 10 April, 1957 into an ethnic Hausa Muslim family of Mariya Sanusi Dantata and Mohammed Dangote in Kano, North West Nigeria.
His grandfather is the popular Alhaji Sanusi Dantata. He started trading in 1977 after he was given small money and a loan of N500,000 to start business with. Dangote paid back the loan from his grandfather in 6 months against the original expected repayment period of 3 or 4 years.
Dangote as he is popularly known who would become African richest man ventured into sales of commodities and building supplies at early life.
His determination and hard work paid off, and he incorporated his two companies in 1981. Today Dangote Group has become a massive multinational company that span across the lengths and breadth of African continent.
He is married with children. He moved to Lagos in 1977 where he started trading in cement business.
Aliko Dangote Education
Aliko Dangote once recalled that he was doing business even in his Primary School days.
Then he used to buy and sell cartons of sweets just to make money. He has a degree in Business from Al-Azhar University in Cairo, Egypt.
Aliko Dangote Career
The name Aliko Dangote rings a bell as he is the wealthiest Africa and 67th wealthiest man in the world according to Forbes Magazine.
He is a well-known business man who has diversified interests in commodities, cements, and recently oil and gas.
Dangote is worth over US$17.7 billion in June 2015. His conglomerate, Dangote Group, has grown beyond Nigeria into Benin, Ethiopia, Ghana, Kenya, Togo, and South Africa.
Dangote products are basic commodities Nigerian consumer use in their everyday lives. They include sugar, spaghetti, noodles, cement, salt, flour, drinks, etc.
In July 2012, Aliko Dangote built his flour company at Apapa in Lagos, the biggest in Nigeria. This sugar plant has an annual capacity of 700,00 tonnes of refined sugar.
Dangote Group subsidiary, Dangote Sugar, supplies 70% of Nigeria’s soft drink companies their sugar needs. It is the largest in Africa and third largest in the world.
He also has a sugar plant in Jigawa State which has a 100,000 tonnes refining capacity.
His companies have offered jobs to thousands of Nigerians irrespective of their tribe, political and religious affiliations thereby significantly helping to reduce massive unemployment situation in Nigeria.
The presence of Dangote is felt in every Nigerian home in form of food, jobs, cement and other essential commodities.
In salt, Aliko Dangote has also invested massively in salt production with National Salt Company of Nigeria at Ota, Ogun State.
Dangote Group also has salt factories at Apapa in Lagos and Calabar in Cross River State.
Also in the area of real estate, Alhaji Dangote has not failed to invest in it; the area most Nigerians believe is the best form of investment.
In this regard, he has luxury flats in Ikoyi, Victoria Island, Kano and Abuja.
The Group has staff strength of over 13,000 but after the completion of all new business interests, it is expected to have over 22,000 staff.
In textile, he acquired Nigeria Textile Mill Plc which produces over 1,200 meters of finished textile products daily. The ginnery is located in Katsina State with a capacity to produce over 30,000 metric tonnes of textile materials every year.
One of the driving forces propelling Dangote’s growth is his detribalized nature. This is because his Personal Assistant is Yoruba while his head of Corporate Affairs is a Christian from Delta State.
In cement which is one of the key areas Dangote Group is known for, he invested over US$800 million in his cement factory in Obajana, Kogi State.
Furthermore, in his future endeavours, he has kicked off the first recognized crude oil refining industry in Ibeju-Lekki area of Lagos State.
It is expected to be operated by Honeywell Technology when fully operational in 2018. This refinery will have the capacity to produce about 500,000 barrels per day.
The Group will invest over US$3.3 billion in the project which was generated as loans taken from both Nigerian banks and foreign lenders.
Also, he has consistently indicated his interest in acquiring Arsenal Football Club of England, and threatened to sack Arsene Wenger when that is achieved, though he initially denied the reports.
Alhaji Dangote has steadily advised that Nigerians especially the political class should invest massively in Nigeria instead of stashing their loots in foreign bank accounts where it will be used to thrive foreign economies.
In this regard, he had this to say: “Let me tell you this and I want to really emphasize it, nothing is going to help Nigeria like Nigerians bringing back their money. If you give me US$5 billion today, I will invest everything here in Nigeria. Let us put our heads together and work.”
In politics, due to his business interest, Dangote does not participate actively in politics. But he played an important role in funding the re-election bid of Olusegun Obasanjo in 2003.
Aliko Dangote Honours
14 November, 2011, he was the Grand Commander of the Order of the Niger (GCON) which is Nigeria’s second highest honour by the President of Nigeria, President Goodluck Ebele Jonathan
In 2014, Forbes Magazine rated Alhaji Aliko Dangote as the richest man in Africa for year 2014.
In 2013, he was conferred Honorary Citizen of Arkansas State by Governor Mike Beebe.
In October 2015, Aliko Dangote was name among the 50 most influential person on earth.
Aliko Dangote Social Services
In 2014, Nigerian government announced that Alhaji Dangote had donated N150 million (US$750,000) to the fight against ebola.
Also in healthcare, in Oct 2013, Dangote Foundation, a subsidiary of Dangote Group, announced they would build a state-of-the-art 1000-bed capacity hospital in Kano.
The project they said would cost over N2billion (US$12.38 million). Alhaji Dangote noted that the aim of building such facility was not to foster a competitive status of “best in class,” but was to fulfill his social responsibility to well-being of Nigerians.
In 2014, Dangote Group through Dangote Foundation donated the sum of US$500,000 to victims of explosion in the Republic of Congo and gave scholarship to 50 students of various secondary and tertiary institutions from Yewa community.
Also in 2014, he donated US$2 million to flood victims in Pakistan and N120million to cushion the effect of hunger in Niger Republic.
He also donated N2.5billion to reduce the effects of flooding in Nigeria when Nigeria had a national flood disaster; thereby, making the single highest donation during the incident.
In education Aliko Dangote’s Dangote Foundation also donated N1billion to some Nigerian universities as its contribution to the growth of education system in Nigeria.
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