WRITTEN BY: ODKMEDIABLOG
PUBLISHED ON: 24TH MARCH 2015
Today we are going to be looking
at the personality profile of Aliko Dangote, the richest man in Nigeria and
Africa and the 67th richest man in the world according to Forbes, he
was also named the Forbes Africa man of the year 2014. Aliko Dangote has indeed
distinguished himself among millions of entrepreneurs in the world by building
a business empire which remains the largest employer of Labour after the government in Nigeria and some of African countries.
Dangote is a very popular name and one of the most famous brand name in Africa
especially due to his products which is found in every home in Nigeria and some African countries.
Aliko Dangote who is the CEO of Dangote
group was born on 10 April 1957, he also attended Al-Azhar University Cairo
where he bagged a degree in business studies.
Aliko Dangote is the leader of o
African largest conglomerates, he has a net worth of 14.7 billion USA dollars
according to Forbes making him the 67th richest man in Africa and the richest man in both African continent and Nigeria. Even though he was born into a wealthy Muslim family,
Dangote has blood of entrepreneurship running in his vain. .
HIS OUTSTANDING BUSINESS ACHIEVEMENTS
With the sum of 200,000 which he borrowed from his
brother Sanusi
Abdulkadir Dantata, he
started off in
the world of entrepreneurship.
A business which started as a small trading firm now have
its presence in Benin, Togo, Nigeria and Ghana and now a multi-trillion
business empire. Dangote line of investment and business includes cement, food processing,
manufacturing, breweries, and confectioneries. Recently he also indicated in
the petroleum industry by embarking on a project of building the largest private
sector driven refinery in Nigeria. He is also into sugar production which is
produced by his sugar refinery.
In July 2012, Dangote approached the Nigerian Ports
Authority with the idea of leasing an abandoned piece of land at the Apapa
Port, which was welcomed and approved. He later built facilities for his flour
company there. In the 1990s he approached the Central Bank of Nigeria with the
idea that it would be cheaper for the bank to allow his transport company to
manage their fleet of staff buses, a proposal which was also approved.
In Nigeria today, Dangote Group with its dominance in the
sugar market and refinery business is the main supplier (70% of the market) to
the country's soft drinks companies, breweries and confectioners. It is the
largest refinery in Africa and the third largest in the world, producing
800,000 tonnes of sugar annually. Apart from these, Dangote Group owns salt
factories and flour mills and is a major importer of of rice, fish, pasta,
cement and fertilizer. The company exports cotton, cashew nuts, cocoa, sesame
seed and ginger to several countries. It also has major investments in real
estate, banking, transport, textiles and oil and gas. The company employs over
11,000 people and is the largest industrial conglomerate in the whole of West
Africa.
CREDIT TO WIKIPEDIA
DANGOTE
THE HIGHEST EMPLOYER OF LABOUR
Dangote is the highest employer of labour in Nigeria
apart from the government. He is indeed doing a great work in taking a lot of
jobless Nigerian youth out of the job market.
THE HONOUR
Not only that he is a role model to millions of African
upcoming entrepreneurs, he has also won a lot of awards and recognition by both
local and international organization. On 14 November 2011, Dangote was awarded
Nigeria's second highest honour, Grand Commander of the Order of the Nigeria by
the president of Federal republic of Nigeria president Goodluck Jonathan, he is the first to get such honour which is exclusively reserved for the second citizen of Nigeria which is the vice president of federal republic of Nigeria
AN ENTREPRENEUR WITH EXTRA ORDINARY QUALITIES
Dangote is a core entrepreneur,
who listen to nothing less than success. A business he started with 200,000
naira though It is a huge amount of money during this time, but his skills and
entrepreneurship capability in using such a fund to build what is known today
as the largest conglomerate in Africa is an extra ordinary achievement which
only core entrepreneurs can do.
BELOW ARE SOME OF THE
ENTREPRENEURSHIP QUALITIES THAT HAS MADE DANGOTE TO STAND OUT AMONG MILLIONS OF
ENTREPRENEURS IN THE WORLD.
HE RELY ON ACHIEVEMENT NOT ON
PAPER QUALIFICATION: Dangote is an envy of professors of management and
economics because his business leadership and managerial skills and experience
is outstanding irrespective of not acquiring the masters nor doctorate degree in business and management.
That is why I always tell people that what you are is inside you and not on the
certificate and making the certificate the yard disk to measure how successful
you are is indeed a disaster for you.
From Dangote’s achievements, it shows that one does not even need all the
certificate in the world to run a successful business man.
HE IS HARD WORKING: If you think
that this man does nothing but relax and enjoy his money I want to assure you
that this man Dangote is a very hard working man even though he has made so
much money that can take care of him, his family and the next generation for the
next 200,000. He shows by example that hardworking is a core trait every
entrepreneur should exhibit. In one interview which was conducted by a new
media company he talked about how he wake up very early in the morning and goes
to bed late in the night in order to make sure he finishes daily task and
schedules.
HE HAS PASSION FOR WHAT HE DOES:
Dangote love business and this passion for business made him what he is today.
When you do what you love you will have the energy, the anxiousness and the
patience to keep going even when the road becomes very rough and filled with
all sorts of problems. The only thing that can deny a man his sleep is doing
what he loves doing and that is how it is in the case of Dangote.
HE HAS A WONDERFUL LEADERSHIP QUALITIES: Looking at the size of business and workforce under his care, you will truly know that it takes a leader with extra ordinary leadership skills to lead the large workforce to success.He knows how to handle both the human and material resources to achieve a certain goal.
HE NEVER RELENTED ON STARTING SMALL AND ENDING BIG: Though many people will say that he had a soft landing, in the sense that he was born to a very rich family and also was favored by some Government in power. But looking at the way he started he din't just jump into a large conglomerate, but he decided to start small to learn the trade and gather the experiences which is helping him today.
HE HAS THE ABILITY TO DETECT VIABLE BUSINESS IDEAS AND OPPORTUNITIES: Just like core entrepreneurs he had is someone who can detect a business idea and opportunity that can work. When he started in 1977 he noticed that the distribution of food commodity round Nigeria is a great challenge to both the sellers and the buyers. So he have to bank on that to build a fast commodity distribution network in Nigeria which has today made his products a house hold name in Nigeria families.
PHILANTHROPIC GESTURE
Dangote is indeed giving back to the society. He has given overwhelmingly to both the government and some non governmental organisation who takes care of the needy. He is also dong a lot through his foundation. He is sponsoring thousands of Nigeria students in the high institutions.
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