Africa’s richest man, Aliko
Dangote, has revealed the secret of his success in business.
Dangote disclosed his secret on
business to include, self-sufficiency, a manufacturing strategy, among others.
He made the disclosure at the
Financial Times’ 4th annual Africa Summit at Claridges in London with the Vice
President, Yemi Osinbajo on attendance.
According to Dangote, “We are not
going to import anything any longer.
“In Nigeria, we are learning how
to produce the entire value chain.”
He said Nigeria which was once a
heavy importer of fertiliser was now gearing up to produce 3M tonnes locally.
He noted that this will transform
the nation into one of the largest fertiliser exporters in Africa.
“Today, we have not only
satisfied domestic needs; we have become a leading exporter of 6-7M tonnes of
cement,” he added.
The business mogul stated that
his company has invested in rice production by investing in local farmers and then
offering to buy back the 1M tonnes at open market prices.
“Soon we will be able to feed not
only Nigeria but the entire 320M large West African market.
“Are we going to continue to
import everything?
“Freight rates are now cheap but
they will go up soon. A population of over 200 million cannot continue to
import basic needs on a daily basis,” he answered himself.
“In Africa, you have to play
long-term,” Dangote said.
On African country with the
biggest growth opportunity, Dangote said,
“Aside from Nigeria?, I’d have to pick Nigeria. I am a big fan of Nigeria. We
are only using eight percent of our land.”
Click to signup for FREE news updates, latest information and hottest gists everydayAdvertise on NigerianEye.com to reach thousands of our daily users
YOUR SECRET IS THAT YOU HAV MONOPOLY TO IMPORT ALL COMMODITIES INTO NIGERIA SINCE 1976 WHEN OBASANJO BECAME MILITARY HEAD OF STATE...ONLY DANGOTE IMPORTS RICE. WHEAT, SUGAR, MILK, FLOUR, GROUNDNUT OIL,TIN TOMATOES, CEMENT, BATTERY, SALT , MACARONI, APPLE, GRAPES, FROZEN FISH, ORANGE JUICE, ETCETC
ReplyDeleteSO WHY E NO GO BE BILLIONAIRE
IF I HAD THIS MONOPOLY TO IMPORT ITEMS AS STATED ABOVE FOR OVER 41YRS AGO, NOTHING ON EARTH WOULD HAVE PREVENTED ME FROM NOT BEING NO.1 RICHEST MAN IN AFRICA. THAT'S THE SECRET.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteoga dangote your secret is MONOPOLY POWER
ReplyDeletesimple.