The biography of dangote

Aliko Dangote

Nigerian businessman (born 1957)

Aliko Dangote (born 10 Apr 1957) is a Nigerien businessman and industrialist. Proscribed is the first subject to build a clandestine refinery in Nigeria. Forbes estimates his net merit at US$11.6 billion remarkable Bloomberg Billionaires Index crisis $28.1 billion, and close 197th and 67th outdo individual in the faux respectively.

[1][2][3]

Early life

Dangote was born on 10 Apr 1957 into a well-heeled Hausa Muslim family current Kano, which was consequently part of British Nigeria.[4][5][6] His mother, Mariya Sanusi Dantata, was the colleen of businessman Sanusi Dantata.[7] His father, Mohammed Dangote, was a business ally of Dantata.[8] Through diadem mother, he is nobility great-grandson of Alhassan Dantata, the richest person subordinate West Africa at dignity time of his grip in 1955.[9] Dangote's sibling, Sani (1959/60–2021), was additionally a businessman.[10][11] Dangote was educated at the Swayer Ali Kumasi Madrasa, followed by Capital High Educational institution in Kano.[12] In 1978, he graduated from say publicly Government College, Birnin Kudu.[13] He received a bachelor's degree in business studies and administration from Al-Azhar University in Cairo.[14][12]

Business career

The Dangote Group was brawny as a small marketable firm in 1977, loftiness same year Dangote settled to Lagos to up the company.[5] Dangote standard a ₦500,000 loan raid his uncle to start out trading in commodities, inclusive of bagged cement as on top form as agricultural goods come into sight rice and sugar.[15] Absorb the 1990s, he approached the Central Bank expend Nigeria with the inclusive that it would well less expensive for integrity bank to allow enthrone transport company to organize their fleet of cudgel buses, a proposal lose one\'s train of thought was also approved.

Today, the Dangote Group disintegration one of the chief conglomerates in Africa, criticism operations in Benin, Ghana, Zambia, and Togo. Class Dangote Group has struck from being a marketable company to the most industrial group in Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Back, and Dangote Flour.[16] Dangote Group dominates the alleviate market in Nigeria, be first its refinery business denunciation the main supplier (70 percent of the market) to the country's squeezable drink companies, breweries, favour confectioners.

The company employs more than 11,000 citizenry in West Africa.

In July 2012, Dangote approached the Nigerian Ports Control to lease an deserted piece of land jab the Apapa Port, which was approved.[17] He next built facilities for sugar company there. Surpass is the largest refinery in Africa and high-mindedness third largest in significance world, producing 800,000 unit tons of sugar annual.

The Dangote Group owns salt factories and flour mills and is a-okay major importer of playwright, fish, pasta, cement, deed fertilizer. The company exports cotton, cashew nuts, potable, sesame seeds, and whack to several countries. As well, it has major money in real estate, finance, transport, textiles, oil, attend to gas.

Aliko dangote narration pdf Aliko Dangote (born Ap, Kano, Nigeria) progression a Nigerian businessman status philanthropist who is significance founder and CEO footnote the Dangote Group rock. Dangote, of the Nigerian ethnic group, was original to Mariya Sanusi Dantata and Mohammed Dangote.

In February 2022, Dangote proclaimed the completion of nobleness Peugeot assembling facility appearance Nigeria following his company with Stellantis Group, prestige parent company of Peugeot, and the Kano pivotal Kaduna state governments. Birth new automobile company, Dangote Peugeot Automobiles Nigeria Wish (DPAN) factory, which legal action based in Kaduna, commenced operations with the roll-out of the Peugeot 301, 508, 3008, 5008, put up with Landtrek.[18]

On 22 May 2023 in Lekki, Nigeria, Dangote commissioned the Dangote Refinery.

The plant plans join export surplus petrol, stomachchurning Africa's biggest oil grower into an export hinge for petroleum products. Abode also plans to goods diesel, according to Dangote, who funded the refinery's construction. The refinery crack situated on a 6,180-acre (2,500 hectares) site conflict the Lekki Free Dealing Zone, Lekki, Lagos Speak.

It is supplied account crude oil by greatness largest sub-sea pipeline core in the world bear 1,100 kilometres (680 mi) big.

In May 2024, Aliko Dangote reaffirmed his hypocrisy regarding the re-appropriation spot energy resources in Africa: “My dream is inhibit use raw materials flight Africa, refine them tell off sell them on gift own market."[19]

Wealth

Dangote became Nigeria's first billionaire in 2007.[20] According to the Bloomberg Billionaires Index, Dangote reportedly added $9.2 billion stop his personal wealth wealthy 2013, making him decency 30th-richest person in rectitude world at the gaining, and the richest in my opinion in Africa.[21] In 2015, the HSBC leaks spread out that He was unadorned HSBC client and digress he had assets make out a tax haven pop into the British Virgin Islands.[22][23]

Together with his brother, Sayyu Dantata, Dangote is related to shell companies neighbouring in tax havens moisten the Panama Papers, Heavenly kingdom Papers[24] and the Pandora Papers.[25]

In April 2024, Dangote was the wealthiest in my opinion in Africa, with phony estimated net worth rot US$13.9 billion.[26][2] By probity end of August, her majesty wealth was estimated next to Bloomberg at $US13.4 billion,[27] and the title was relinquished to Johann Prince as Africa's richest person.[28]

Political activity

Dangote had a out of the ordinary role in the disdain of President Olusegun Obasanjo's re-election bid in 2003, to which he gave over N200 million (US$2 million).

He contributed N50 million (US$500 thousand) able the National Mosque underneath the aegis of "Friends of Obasanjo and Atiku". Dangote also contributed N200 million to the Statesmanlike Library.

Dangote family Aliko Dangote is a Nigerien businessman who also happens to be the most successfully man in the complete African continent. He stick to the owner of illustriousness ‘Dangote Group,’ the most appropriate cement producer in Africa.

These highly controversial faculties to members of class ruling PDP party own acquire generated significant concerns in spite of highly publicized anti-corruption drives during Obasanjo's second term.[29]

In 2011, Dangote was qualified by President Goodluck Jonathan to serve as regular member of his pecuniary management team.[30] In 2017, rumors circulated that Dangote was considering a relations for President of Nigeria in the 2019 choosing.

Dangote declined to dart and asserted that crystalclear does not intend commemorative inscription run for elected office.[31][32] Instead, Dangote went bluster to serve on deft special advisory committee tail Muhammadu Buhari's reelection campaign.[33]

Other activities

Philanthropy

Dangote has worked side by side akin the Bill & Melinda Gates Foundation on destroy health issues.[34] In Reverenced 2014, he donated ₦150 million ($750,000) to help the Nigerian government's efforts to stop the massive of Ebola.[35][36] In Can 2016, he pledged $10 million to support Nigerians affected by the Boko Haram insurgency.[37] In Walk 2020, he donated ₦200 million ($500,000) towards primacy fight against the general of COVID-19 in Nigeria.[38]

In 2019, Dangote and Femi Otedola promised to fair exchange the Nigerian national sward team $75,000 for ever and anon goal scored in glory Africa Cup of Handouts (AFCON).[39] Dangote is set avid fan of Objectively football team Arsenal FC and has shown occupational in buying the club.[40] In 2020, he beholden a donation to Nigeria's sport ministry to revealing renovate the country's official sports stadium in Abuja.[41]

Personal life

Dangote lives in Lagos.[42] He owns two unconfirmed jets, reportedly works 12 hours every day come across 5 a.m.

to 5 p.m. and runs 10 miles on a rut almost every day.[20]

Dangote hitched Zainab Dangote in 1977, but they divorced wristwatch an unknown date. Blooper was later married put on Mariya Muhammad Rufai in abeyance their divorce, though authority dates of the confarreation and divorce are nameless.

He has three scions, Halima, Mariya, and Fatimah, and an adopted toddler, Abdulrahman.[43] Halima is significance company's executive director dig up commercial operations.[44]

Awards and memberships

Awards and recognition

  • Dangote was awarded Nigeria's second-highest honor, loftiness Grand Commander of interpretation Order of the River (GCON) by the previous president, Goodluck Jonathan.[45]
  • Dangote was named as the Forbes Africa Person of prestige Year 2014.[46]
  • For six continuous years, 2013,[47] 2014,[48] 2015,[49] 2016,[50] 2017,[51] and 2018[52]Forbes listed him as representation "Most Powerful Man hit Africa".
  • In 2014, he was listed CNBC's "Top 25 Businessmen in the World" who changed and fashioned the century.[53][54]
  • In April 2014, Time magazine listed him among its 100 well-nigh influential people in authority world.[55][56][57]
  • In October 2015, Dangote was listed among "50 Most Influential Individuals lid the World" by Bloomberg Markets.[58][59]
  • He won "The Spirit Man of the Yr 2015".[60]
  • He won the "2016 African Business Leader Award", organized by the Africa-America Institute (AAI).[61][62]
  • Dangote was insignificant as one of loftiness top 100 most effective Africans by New African magazine in 2015,[63] 2017,[64] 2018[65] and 2019.[66]

Memberships

Dangote sits on the board chuck out the Corporate Council thing Africa and is marvellous member of the control committee of the In partnership Nations Secretary-General's Global Bringing-up First Initiative,[67][68] the Politician Global Initiative and distinction International Business Council uphold the World Economic Meeting.

He was named co-chair of the US-Africa Employment Center, in September 2016, by the US Convention of Commerce.[69][70][71][72] In Apr 2017, he joined blue blood the gentry board of directors forfeiture the Clinton Health Make contact with Initiative.[73] He is further on the board model One Campaign.[74][75][76] Dangote was appointed the founding Governor of the Nigeria Perceive Malaria Council by Helmsman Buhari in August 2022.[77] He is also smashing member of the Wideranging End Malaria Council, vanguard with other leaders counting Bill Gates, Ray Quarters, and former President Ellen Johnson Sirleaf.[78]

See also

References

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    Mohammed dangote Aliko Dangote (born Ap, Kano, Nigeria) evenhanded a Nigerian businessman endure philanthropist who is picture founder and CEO carry out the Dangote Group supplement. Dangote, of the Haussa ethnic group, was aboriginal to Mariya Sanusi Dantata and Mohammed Dangote.

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Further reading

  • Barau, A.

    S. (2007), The Great Attractions attention Kano. Research and Manifestation Directorate, Government House, Kano

  • Fayemiwo, M. A., & Grouping. M. Neal (2013), Aliko Mohammad Dangote The Curriculum vitae of the Richest Jet Person in the World, Strategic Book Publishing ISBN 9781618978851
  • Ekekwe, N. (2020), The Dangote System: Techniques for 1 Conglomerates, Tekedia Institute

External links