You might have heard about this man, who is currently considered to be the richest person who comes from Africa, according to the official calculations. According to some accounts, when he was only 21 years old, he borrowed $3,000 from his uncle, planning on importing and selling agricultural goods in Nigeria. The company produces over 36 million bags in a month. He contributed N50 million (US$500 Thousand) to the National Mosque under the aegis of "Friends of Obasanjo and Atiku". This page was last changed on 10 October 2020, at 13:57. N50 million donation to the National Mosque. Biography of Aliko Dangote. Aliko Dangote believes in giving back to the community which made Dangote Group start the Aliko Dangote Foundation. Among Dangote’s clients, were various breweries, confectioneries, and soft drink manufacturers. Bravo continue the good work. It’s not going to work”. DFM has mills across Nigeria – Apapa, Ikorodu, Ilorin, Kano and Calabar. Aliko was educated at Sheikh Ali Kumasi Madrasa, and went to Capital High School, Kano. “To build a successful business, you must start small and dream big. In July 2012, Dangote approached the Nigerian Ports Authority to lease an abandoned piece of land at the Apapa Port, which was approved. Within three months of starting his operations, Aliko was able to return the money he had borrowed from his grandfather. He also donated money to the Nigeria sport ministry to renovate the national stadium, Abuja.[14]. Presently, the ‘Dangote Group’ employs about 12,000 people in Nigeria, and it is estimated that once all the on-going projects of the company are complete, it will reach the 22,000 mark. Aliko Dangote believe in re-investing the company’s profit back into the business. Aliko Dangote, an ethnic Hausa Muslim from Kano, Kano State, was born on 10 April 1957 into a wealthy Muslim family, [self-published source?] You`ll be totally impressed! Dangote’s latest venture involved the construction of a $12 billion oil refinery in Lagos in an effort to solve the fuel crisis in Nigeria, where 38% of imports were petroleum based. There are different reports of how Aliko Dangote began developing his business on a bigger scale. [33][34][35], "History & Strategy – Dangote Industries Limited", "The World's Billionaires: Aliko Dangote", "Aliko Dangote's Children: Names of His Sons & Daughters", "Aliko Dangote - a Lesson for African Entrepreneurs", "Aliko Dangote: Things You Never Knew About Him, His Wives and Children - Naija News", "Birnin Kudu College hails Dangote on projects", "Dangote's $1m for renovation of MKO Abiola stadium excites Adelabu - Nigeria and World News", "Somalia orders top U.N. official to leave", "Who Is A Wealthy Man? In 2005, he significantly expanded the operation of the company by constructing a multimillion-dollar manufacturing plant. As a result, he started his own manufacturing company in 1997 to produce all the things he was importing from Brazil and Thailand. Dangote discovered that importing goods from other countries costs more and may not get his business where he wants it to be. The successful mogul is a father to three gorgeous daughters. Aliko Dangote also has an adopted son, whose name is Abdulrahman Fasasi. Dangote once explained in an interview with Forbes, “When you are raised by an entrepreneurial parent or grandparent, you pick that aspiration. The company is a service oriented company specializing in the management and development of luxury properties. [11] He received a bachelor's degree in business studies and administration from Al-Azhar University, Cairo.[12][10]. This stake originally belonged to Lady Nina Bracewell-Smith. Dangote Group is currently building a Fertilizer Plant which is envisaged to be the largest in Africa. Aliko Dangote, né le 10 avril 1957 à Kano, Nord du Nigeria, est un homme d'affaires nigérian d'origine Haoussa, considéré comme l'homme le plus riche d'Afrique1. Announcing our NEW encyclopedia for Kids! review of another edition. He also has honorary citizenship of the Arkansas State, which he was been given with six other Nigerians who have done prominent things for the country. $100 million to the fight against child malnutrition in Nigeria in 2017. In Nigeria today, Dangote Group with its dominance in the sugar market and refinery business is the main supplier (70 percent of the market) to the country's soft drinks companies, breweries and confectioners. Aliko Dangote GCON (born 10 April 1957) is a Nigerian billionaire businessman, who is the founder, chairman, CEO of Dangote Group, an industrial conglomerate in Africa.[2]. I am 50, Aliko will be 55 next month. With the loan, he started importation of Rice from Thailand and Sugar from Brazil. It also has major investments in real estate, banking, transport, textiles, oil, and gas. His family business, then chaired by his grandfather, Sanusi Dantata, was at its profitable best during Aiko’s childhood. The British newspaper “Daily Mirror” reported in 2010 that Aliko Dangote was going to purchase a stake of 16 percents in the Premier League football club Arsenal.

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