Dangote, who was born on April 10, 1957, is a graduate of Business Studies from the Al-Azahar University, Cairo, Egypt. He started business in 1978 trading in rice, sugar and cement, before he ventured into full-scale manufacturing.
The Dangote Group is one of the most diversified business conglomerates in Africa with a hard-earned reputation for excellent business practices and products’ quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.
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Since inception, the Group has experienced phenomenal growth on account of quality of its goods and services, its focus on cost leadership and efficiency of its human capital. Today, Dangote Group is a multi-billion Naira company poised to reach new heights, in every endeavour competing with itself to better the past.
The Group’s core business focus is to provide local, value added products and services that meet the ‘basic needs’ of the populace. Through the construction and operation of large scale manufacturing facilities in Nigeria and across Africa, the Group is focused on building local manufacturing capacity to generate employment and provide goods for the people.
Dangote Sugar Refinery Plc (DSR) is rated the largest sugar refinery in Sub-Saharan Africa and the second largest in the world. The company is currently working towards actualising its 10-year master plan to produce 1.5 million metric tonnes of sugar per annum, locally, in line with the Federal Government’s backward integration policy.Â
The Group was also rated among Top 40 African Challengers by the Boston Consulting Group (BCG) in June 2010, and one of the Top 10 African Brands by London-based African Businessmagazine in November 2013. The Group was also voted the Top Consumer Brand in Africa by the magazine.
Dangote Group recently made foray into other sectors of the economy and is currently building the largest refinery, petrochemical and fertiliser complex in Africa. The refinery will have the capacity to refine 400,000 barrels of crude oil per day, while the petrochemical plant will produce 600,000 MTPY of Polypropylene.
Africa’s foremost industrialist, Aliko Dangote is a member of several national and foreign organisations where he devotes his resources to contribute to the growth and development of the society.
Dangote was appointed chairman, National Job Creation Committee by President Goodluck Jonathan in 2010 to assist the government in providing more employment opportunities for Nigerians. In addition, he serves as chairman of the National Partnership Committee of Government and Private Sector on Technical and Vocational Education and Training (TVET). The committee seeks to develop the right skills and competency to support industrial development in Nigeria. He is also a member of the Honourary International Investor Council (HIIC) a forum that is concerned with how to sustain the delivery of good governance, improve national and international perception, and increase private participation in the re-engineering of the economy. He is a Malaria Ambassador and founding board member and patron of Private Sector Health Alliance of Nigeria (PHN), a coalition between the private sector and health organisations to achieve the health-related MDGs by 2015.
Beyond the shores of Nigeria, Aliko Dangote has also recorded milestones in philanthropy. In September 2010, he made a donation of $2million to support the United Nations’ World Food Programme (WFP) efforts in Pakistan which had suffered similar flooding incident.
He is a member of the McKinsey Advisory Council and the Clinton Global Initiative. He is also a member of International Business Council of the World Economic Forum (WEF). The Council acts as both a community addressing relevant business issues and an advisory body providing intellectual stewardship to the WEF. He served as a Co-chair of the annual meeting of the WEF in Davos, Switzerland, in January 2014. In May 2014, he served as a Co-chair of the WEF Africa, which held in Abuja, Nigeria’s capital.
In 2013, Aliko Dangote was appointed to the steering committee of the United Nations Secretary-General’s Global Education First Initiative (GEFI). The initiative is a forum connecting businesses to make a lasting impact on the lives of children and youth through education. He is also a founding member of the Gordon Brown-led Global Business Coalition for Education as a representative from business and he is one of the Board of Directors of the Corporate Council on Africa, an organisation that seeks to promote business and investment between the United States and the nations of Africa. In addition, he is collaborating with the Bill and Melinda Gates Foundation to fight polio.
He has received many laurels both within and outside the country, in recognition of his achievements and philanthropy whose giving in 2012 was put at $110million. Aliko Dangote, who holds the second highest national honour of Grand Commander of the Order of the Niger (GCON) in Nigeria, also holds the highest honour in the Republic of Benin, the Grand Commander of the Order of Benin Republic.
the Federal Government and the developers of the 540-megawatts Qua Iboe Power Plant signed a Power Purchase Agreement for the development of the $1.1bn electricity generation station on Thursday.
The Dangote Group, Nigerian National Petroleum Corporation and Black Rhino Group, an African energy infrastructure company, signed the PPA with the Nigerian Bulk Electricity Trading Plc, an agency of the Federal Government, in a ceremony that was presided over by the Minister of Power, Works and Housing, Babatunde Fashola, in Abuja.
The 540MW power plant, located in Akwa Ibom State, is being jointly developed by the three firms following the purchase of the rights from Mobil Producing Nigeria Unlimited, a joint venture between ExxonMobil subsidiary, Mobil Producing Nigeria, and the NNPC.
The developers stated that the plant would be one of the lowest cost thermal power plants in Nigeria due to its efficient combined cycle design and competitive gas price.
The plant, according to them, will receive gas from Mobil Producing Nigeria under a 20-year Gas Sales Agreement via a new 400 million standard cubic feet per day undersea gas pipeline from MPN’s existing offshore production facilities.
They also noted that the power plant would unlock investment in transmission infrastructure, including a new 58-kilometre transmission line to be built by the QIPP.
The Chairman, Black Rhino Group and Emir of Kano, Muhammad Sanusi II, said the project would have real socio-economic impact on Nigeria.
“The Qua Iboe Power Plant will utilise Nigeria’s gas resources to increase our electricity generation capacity and reduce the cost of power. The plant is an example of how the Federal Government and private investors can work together to develop infrastructure that has a real socio-economic impact on our country,” he said.
The Qua Iboe Power Plant is the most advanced project jointly developed by the Black Rhino Group and Dangote Group since the firms announced their partnership to invest in African energy projects.
Dangote Lagos refinery all set in 2017
The Chief Executive Officer, Dangote Group, Aliko Dangote, said, “The Black Rhino Group and Dangote Group partnered to develop transformational projects such as the Qua Iboe Power Plant. By closing the gap between Nigeria’s generation capacity and the energy required to underpin economic growth, we are supporting Nigeria’s future industrial growth.”
It was gathered that the power plant was benefitting from a World Bank-approved $150m Partial Risk Guarantee, and Environmental Impact Assessment and Resettlement Action Plan approved by the Federal Ministry of Environment.
ALSO, Commodities billionaire Aliko Dangote, the richest man in Africa according to Forbes, wants to buy Arsenal and sack long-reigning manager Arsène Wenger.
Dangote has a net worth of $12.5 billion (£9.7 billion) and owns Dangote Group, a multinational conglomerate currently constructing an $11 billion (£8.5 billion) oil refinery in Nigeria’s capital, Abuja.
Once the refinery is built, Dangote wants to takeover Arsenal, according to an interview he gave to Bloomberg.
The Nigerian believes majority shareholder Stan Kroenke, who has a 67.05% stake in the club, and Alisher Usmanov, who owns 30.04% of the club, can be convinced to sell.
“If they get the right offer, I’m sure they would walk away. Someone will give them an offer that will make them seriously consider walking away. And when we finish the refinery, I think we will be in a position to do that,” Dangote said.
If his takeover bid was successful, he would fire Wenger immediately. “The first thing I would change is the coach,” Dangote said.
Wenger has led the Gunners to three Premier League titles and seven FA Cup trophies, but fans are divided over whether he is the right man to take the team forward.
