President of Dangote Group, Aliko Dangote has been named along with President Barak Obama of the United States, Pope Francis, Angela Merkel who is Chancellor of Germany as some of the 50 World’s influential personalities by Bloomberg. The group of personalities chosen by the Bloomberg Market, consists of Chief Executive Officers, world leaders and religious leaders.
Bloomberg said: “those on the list build companies and assemble fortunes. They shape economies and spread ideas. They manage money and wield the clout that goes with the billions of dollars they invest.”
“Aliko Dangote, founder, Dangote Group, Africa’s most successful businessman built his fortune in sugar, textiles, and cement in his native Nigeria where, today, he’s a political as well as a financial power broker. He’s expanding in other countries and may list his cement company in London.”
This is even as Aliko Dangote expressed confidence that Nigeria would endure the oil price crash that has reduced government revenues if it steps up its fight against corruption.
In a statement yesterday, Dangote at the Financial Times Africa Summit in London, insisted that Africa’s most populous country would flourish, adding: “Nigeria’s GDP won’t stagnate and we will have a short term shock but people should remember the Nigerian economy is resilient and huge.”
Dangote said that if the government of President Muhammadu Buhari continued its crackdown on corruption, the near 50 per cent oil price slump in the past year would be mitigated.
“The government has also suffered a lot of leakages; when oil was $100 a barrel we weren’t seeing all that revenue collected.
“If the government collects all its taxes and duties, I think we will be okay. We will not have as much as we had before but it will be okay.” [myad]
