Alhaji Aliko Dangote was born in Kano as a sugar merchant. In 1977, at the age of 21, he entered the cement business. is the founding president and CEO of the Dangote Group in Nigeria. He is a very rich man, and has become a colossus in the Nigerian investment world. His sprawling business interests, which spread across West Africa from the Republic of Benin, through Ghana to Côte d'Ivoire, put into proper perspective his entrepreneurial skills, with textiles, foods and transportation as his strategic forte.

Today, Dangote has connections in almost every sphere of human activity and owns about six companies including Dangote Nigeria Limited, Dangote Textiles Limited, Dangote Holdings, Blue Star Limited, Dansa Foods, and recently the Dangote Flour Mills factory that was established in Kano.

He started out studying under his Uncle, Sanusi Dantata before setting up his own business in the late 1970s with a loan from his uncle. Dangote moved from Kano to Lagos where he participated in the massive importation and sale of cement needed for the country’s development. Having cut his business teeth here and made his money, Dangote has never looked back. He directs a business that has diversified from its early concentration on commodity trading into banking, agriculture, manufacturing, textile and transportation.

Dangote controls 60% of the sugar market in Nigeria today, which is considerable, given the heavy demand by Nigeria ’s soft drink, brewery, and confectionery industries for sugar. Because of his enormous investment in the sugar business and his transport haulage business, he can distribute his sugar faster, cheaper, and at a uniform price nationwide which the competition cannot match. Dangote has good investments even in foreign-based sugar refineries.

Dangote also imports and sells rice, vegetable oil, and cement. He employs over 2000 Nigerian as his workforce in his various businesses.

In the 1980s, Dangote decided to move from being just a successful commodity dealer to a more rounded entrepreneur with solid investments in finance and manufacturing.

External links

Alhaji Aliko Dangote: what do you know about him?

Dangote-group.com

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