Millionaire's Mindset
The Dangote Group provides , cements ,sugar, salt, flour , ricr, spaghettis, material etc,,,,,,,,,at competitive prices.
As a nonpartisan and detribalized businessperson, he is generous to distinctive political parties, religious groups and cultural institutions. Apart from providing employment to elite graduates from distinctive ethnic backgrounds, he minimizes the stage of crime by horny youths who are school leavers in the area of transportation, packaging, security amongst others.
It may well maybe now now not be a wild assumption to declare that every Nigerian has heard of his identify as a end end outcome of the impact of his business. His item are in most properties during the country. Those who may well maybe now now not use his item may well have passed just several of his trailers by the way. He is into export, import, manufacturing, real belongings and philanthropy. All these are rolled jointly into what is identified merely as a end end outcome of the truth the Dangote Group.
At the helm of its affairs as president and Chief Executive Officer is an unassuming man named Aliko Dangote. The focus of his investments is food, attire and shelter.
The Dangote Group imports 400,000 metric tonnes of sugar annually which payments for about 70 per cent of the entire requirements of the country and is a principal dealer of the product to the manufacturers of Coca Cola, Pepsi Cola and Seven-Up in Nigeria. It imports 200,000 metric tonnes of rice annually merely just as a end end outcome of the truth the model imports tonnes of cement and fertilizer and building materials.
Dangote Group also imports fish and owns three huge fishing trawlers chartered for fishing with a 5,000 MT capacity.
The group exports cotton, cocoa, cashew nuts, sesame seed, ginger and gum Arabic to a host of countries.
Beginning
Born in Kano, his grand father, the late Alhaji Sanusi Dantata bought him with a small capital to leap his own business, as was the practice then. He therefore started commerce in Kano in 1977 shopping for and promoting in commodities and building materials. Alhaji Aliko Dangote moved to Lagos in June 1977 and continued shopping for and promoting in cement and commodities. Encouraged by certain success and growth in commerce activities, he incorporated five hundred companies in 1981. These and others that followed now make up the conglomerate identified as Dangote Group.
Activities
The group at show is involved in various sorts of manufacturing with high turnover. Dangote material and the Nigeria Textiles Mills Plc, which it acquired, produce over 120,000 meters of carried out textiles daily. The group has a ginnery in Kankawa, Katsina State with a attainable of 30,000 MT of seeded cotton annually.
The sugar refinery at Apapa port, Lagos is the finest in Africa and in measurement the third finest in the world with an annual attainable of 700,000 tonnes of tender sugar annually. It also has one different 100,000 tonne-capacity sugar mill at Hadeja in Jigawa State.
Apart from having titanic investment in the National Salt Company of Nigeria at Ota, Ogun State, the group has salt factories at Apapa and Calabar, a polypropylene bagging manufacturing facility which produces required bags for its products, over 600 trailers for inexperienced distribution network and presents meant for export can also efficiently be transported to the ports.
A vehicle leasing unit with over 100 totally air-conditioned commuter buses, too may be part of the Dangote Group. It too may be into real belongings with luxury flats and high rise complexes in Ikoyi, Victoria Island, Abuja and Kano. Dangote Foundation is the philanthropic arm of the group the region annually he spends tens of lots for value causes identical to contributions to academic and healthcare institutions, sinking of boreholes and giving of scholarships.
The Dangote Group has nationwide employees energy of 12,000 but on completion of on-going projects, it is expected to hit 22,000.
Alhaji Aliko Dangote’s commerce success may well maybe be stimulated by one-of-a-kind factors. He seems to be broad-minded. Unlike just several people, his Personal Assistant is Yoruba while his Head of Corporate Affairs is a Christian from Delta State.
In this encounter, Dangote talks about his utilizing force in business, the factors that have stored him above his contemporaries in business, his $800 million cement manufacturing facility at Obajana, Kogi State and the N14 million mega company, which he and just several industrialists have set up. Perhaps above all, his patriotic stance is commendable: “If you offer me at show $5 billion, I will now not invest any abroad, I will invest everything proper perfect here in Nigeria. Let us placed heads jointly and work.”
As a self-employed person, with minimum most important education, he proves that commerce success would maybe be by method of determination, honesty and perseverance; and by no means necessarily by acquiring Harvard-Oxford certificates or First-Class academic qualification. His managerial talent must actually be the envy of monetary professors. Instead of stashing his cash in overseas accounts, a regular characteristic of fraudulent front and public office looters, Dangote invests properly in the productive sector of the Nigerian economy.
To deny that Dangote would now now not have monopoly over just several of the commodities in the Nigerian market is to deny the obvious. Recently he and distinctive notable Nigerians announced their desire to float a private sector mega model with the identify Transnational Corporation of Nigeria (TCN), which amongst distinctive factors may well maybe achieve government-owned refinery, role strategic state-owned coys and pioneer status in Agriculture and IT.
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