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Aliko Dangote

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Alhaji
Aliko Dangote
GCON
A photograph of Dangote, wearing a black suit on a white shirt and tie
Dangote in 2014
Born (1957-04-10) 10 April 1957 (age 67)
Kano, Kano State, British Nigeria
CitizenshipNigerian
EducationAl-Azhar University (BSc)
Alma materGovernment College, Birnin Kudu
OccupationBusinessman
Years active1977–present
TitleFounder and CEO of Dangote Group
Spouses
Zainab Dangote
​
​
(m. 1977, divorced)​
Mariya Muhammad Rufai
​
​
(divorced)​
Children4[1]
RelativesAlhassan Dantata (great-grandfather)
Sani Dangote (brother)
AwardsFull list

Aliko Dangote GCON (born 10 April 1957) is a Nigerian businessman known for his key roles in Dangote Group and Refinery. In 2011, he was appointed as member of the economic management team by President Goodluck Jonathan. Dangote is the wealthiest black person in the world; as of March 2025, Forbes estimates his net worth to be US$23.8 billion.

Born to a wealthy family in Kano, Kano State, Nigeria, Dangote is from an Hausa descent. His father was a businessman. He was educated in Kano until his university education, when he left Nigerian for Egypt. He graduated from Al-Azhar University in Cairo before returning to Lagos to pursue business ventures.

In 1977, Dangote founded the Dangote Group, a small company, which was first a trading enterprise, importing sugar and food materials in Nigeria. In 1981, he founded Dangote Nigeria Limited and Blue Star Services; both imports commodities including rice and bulk materials: steel and aluminium products inclusively. Following the large sales by the company, and the demand for commodities, Dangote added cement, which was already dominated, hence, faced competition from Lafarge, a French Cement importation company.

Dangote was awarded the Grand Commander of the Order of the Niger in 2011 and was listed in Time magazine's 100 most influential people in the world in 2014. He has been involved in economic and political activities, and his views have made him a polarizing figure especially on his influence to the Economy of Nigeria. He has engaged in political activities in several countries and was the founder of the largest oil refinery in Africa.

Early life

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Family

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Aliko Dangote was born on 10 April 1957, in Kano, Kano State, British Nigeria.[2] His name "Aliko" was given to him by his maternal grandfather, Sanusi Dantata, which means "the victorious one who defends humanity".[2] He is of Hausa ancestry.[3] His mother, Mariya (née Dantata), was the daughter of a rich businessman. His father, Mohammed Dangote (died 1965),[3] was a Nigerian businessman, who owns a transport company. Aliko has three siblings: Sani Dangote (1959/60–2021), who was a businessman and died of colorectal cancer;[4] Bello, who died in a plane crash in 1996 alongside the son of the military head of state Sani Abacha; Garba, who died in 2013 after a stroke. Dangote was raised a Muslim.[3]

Dangote's family are influential business people. His great-grandfather Alhassan Abdullahi Dantata was regarded as the richest person in West Africa during his time until his death in 1955. Alhassan imported Kola nuts from Ghana, and exports groundnuts.[2][a] After his father's death in 1965, Dangote donates his inheritance to charity. He cites his grandfather, Sanusi, and maternal uncle, Usman Amaka Dantata, as his paternal figures.[2]

Education and marriage

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Dangote attended Al-Azhar University in Cairo

Dangote was educated at Sheikh Ali Kumasi Madrasa for his primary school and later finished at Capital High School, Kano.[5] In 1978, he graduated from the Government College, Birnin Kudu, where he had his secondary education.[6] He went on to Al-Azhar University in Cairo, Egypt, for his tertiary education. He studied business and graduated with a bachelor's degree in business studies and administration in 1976.[2][5]

Dangote married Zainab in 1977. They later divorced at an unknown date. He married Mariya Muhammad Rufai and the couple divorced on an unknown date. During his early marriages, Dangote has three daughters: Halima, Mariya, and Fatimah. He also has an adopted son, Abdulrahman.[7][8]

Business career

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Main articles: Dangote Group, Dangote Cement, and Dangote Refinery
Distillation column at Dangote Refinery

Dangote started his first business with a $3000 loan from his uncle. He traded food products, and has cited getting business mind from selling boiled sugar sweets at the age of eight to his classmates, and would keep the profits.[2] He obtained Nigerian government import license and added cement to his business in the mid-to-late 1970s during Nigerian Cement Armada; a period where the government ordered the importation of 16 million metric tons of cement for infrastructure and development projects, however, many cement-loaded ships remained at Lagos harbor, while others sank. They were given demurrage fee as compensation for delay.[9] During that period, Dangote purchased trucks and began cargo transportation business where he also carried his cements.[10]

In 1977, Dangote's company produced pasta, salt, sugar, and flour only. In 1981, he expanded his company into a conglomerate, which traded textiles, sugar, flour, salt, oil and gas, and real estate. He stayed in Atlanta, Georgia before returning to Nigeria to start his cement business in 1998, however, his sugar refinery in Lagos became the second largest in the world.[10] Dangote Group has been considered as one of the largest conglomerates in Africa.[11] 1n 2000, after his friend Olusegun Obasanjo won the 1999 Nigerian presidential election, the Nigerian government privatized Benue Cement Company (BBC), a now defunct state-owned company in Gboko, Benue State, allowing Dangote to expand his cement business in Benue. Dangote's Obajanu cement plant in Kogi State became the largest cement plant in Sub-Saharan Africa. In 2010, the group acquired some part of South Africa's Sephaku Cement.[10]

In July 2012, Dangote's request to the Nigerian Ports Authority inorder to lease an abandoned land at Apapa Port Complex was approved.[12] In February 2022, he announced the completion of the Peugeot assembling facility in Nigeria following his partnership with Stellantis, the parent company manufacturers of Peugeot. Dangote became the owner of Dangote Refinery, the largest oil refinery in Africa.[13] It was commissioned in 2023.[14][15]

Legacy

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Dangote, 2011

Dangote became the first billionaire in Nigeria in 2007.[16] In 2012 The Guardian wrote that he is the richest man in Africa and the richest black man in the world."[17] According to Nigerian newspaper Vanguard, the Bloomberg Billionaires Index reports that Dangote's wealth increased by $9.2 billion in 2013. The 2015 Swiss Leaks revealed that he was a client of the British university Bank, HSBC, thereby having assets in the British Virgin Islands.[16][18]

While serving as a member of NEMT,[b] Dangote was awarded the Grand Commander of the Order of the Niger (GCON)[c] by President Goodluck Jonathan in 2011.[19] In April 2014, Time listed him among its 100 most influential people in the world.[20] In 2015 Dangote was listed among "50 Most Influential Individuals in the World" by Bloomberg,[21] the Guardian Man of the Year award,[22] and was cited as one of the top 100 most influential Africans by London-based magazine, New African.[23]

Dangote was named co-chair of the US-Africa Business Center in September 2016 by the United States Chamber of Commerce.[24] he was appointed as the Chairman of the Nigeria End Malaria Council by Buhari in August 2022.[25]

Public image

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Accolades

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Main article: List of awards and honours received by Aliko Dangote

Dangote was appointed by Goodluck Jonathan as member of his economic management team in 2011.[26] In 2017, he denied the alleged run for Nigerian president in the 2019 election,[27] and served on the special advisory committee for the reelection campaign of Muhammadu Buhari.[28]

Dangote has worked alongside the Gates Foundation on public health issues.[29] In August 2014, he donated 150 million naira to assist the Nigerian government's efforts of treating and preventing Ebola.[30] In May 2016 he pledged $10 million to support Nigerians affected by the Boko Haram insurgency.[31] In March 2020, he donated 200 million naira to fight against the spread of COVID-19 in Nigeria.[32]

Dangote is a fan of English football team Arsenal F.C. and showed interest in buying the club in 2019.[33] In 2020, he made a donation to Nigeria's ministry of sports in order to help renovate the Moshood Abiola National Stadium in Abuja.[34]

Notes

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  1. ^ Groundnuts and peanuts were Nigeria's major export produce until the discovery of crude oil in the 1950s.[2]
  2. ^ TNEMT is an account meaning the National Economic Management Team.
  3. ^ GCON is the second highest honor given in Nigeria.

Citations

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  1. ^ Golub, Kate (11 January 2019). "Aliko Dangote's children: interesting facts to know". Legit.ng. Retrieved 18 March 2025.
  2. ^ a b c d e f g Wilson 2015, p. 137a.
  3. ^ a b c Stets, Regina (29 September 2022). "Aliko Dangote's biography: the story of the richest man in Africa". Legit.ng. Retrieved 18 March 2025.
  4. ^ "Sani Dangote dies: Aliko Dangote brother Sani, Vice President of Dangote Group don die" (in Nigerian Pidgin). BBC News Pidgin. 15 November 2021. Archived from the original on 15 November 2021.
  5. ^ a b "Aliko Dangote: Things You Never Knew About Him, His Wives and Children – Naija News". naijanews.com. 17 March 2017. Archived from the original on 8 October 2017. Retrieved 8 October 2017.
  6. ^ IV, Editorial (4 January 2018). "Birnin Kudu College hails Dangote on projects". Blueprint. Retrieved 15 March 2020.
  7. ^ David, Pilling (25 November 2019). "Aliko Dangote, Africa's richest man, on his 'crazy' $12bn project". Nigerian Infopedia. Retrieved 15 March 2020.
  8. ^ Italoye, Ibukun (25 November 2019). "Aliko Dangote's Children: Names of His Sons & Daughters". Nigerian Infopedia. Retrieved 15 March 2020.
  9. ^ Wilson 2015, p. 137a–137b.
  10. ^ a b c Wilson 2015, p. 137b.
  11. ^ "Somalia orders top U.N. official to leave". Reuters. 2 January 2019. Archived from the original on 3 January 2019. Retrieved 2 January 2019.
  12. ^ "Dangote Sugar Refinery Plc (DSR)", Institute of Developing Economies-Japan External Trade Organization. Accessed 26 November 2015.
  13. ^ Emodi, Nnaemeka Vincent (12 February 2025). "Dangote launches Africa's biggest oil refinery". The Conversation. Retrieved 15 March 2025.
  14. ^ Aisha Salaudeen, Nimi Princewill (22 May 2023). "Africa's richest man launches $20 billion refinery to revive Nigeria's oil industry". CNN. Retrieved 23 February 2025.
  15. ^ "Nigeria commissions Dangote Refinery in bid to end fuel imports". Al Jazeera English. 22 May 2023. Retrieved 23 February 2025.
  16. ^ a b "Billionaire ranking: Dangote reclaims top position on Forbes Africa's list". Vanguard News. 9 January 2024. Retrieved 27 January 2025.
  17. ^ Hirsch, Afua (3 April 2012). "Africa's richest man is cementing his place in history". The Guardian. Retrieved 27 January 2025.
  18. ^ Dan-Awoh, Deborah (7 September 2024). "Nigeria's Aliko Dangote regains Africa's richest title from Johan Rupert". Nairametrics. Retrieved 27 January 2025.
  19. ^ "Why we offered GCON to Dangote". Vanguard News. 14 November 2011. Retrieved 27 January 2025.
  20. ^ "Dangote, Okonjo-Iweala Named In Time Magazine 100 Most Influential". Channels Television. 24 April 2014. Retrieved 27 January 2025.
  21. ^ "Dangote Emerges Only African on Bloomberg's List of 50 Most Influential People". This Day. 6 December 2017. Retrieved 23 March 2020.
  22. ^ "Dangote honored as the guardian man of the year 2015". The Guardian. 23 April 2016. Retrieved 23 March 2020.
  23. ^ "Nigerians dominate New Africa's 100 Most Influential Africans of 2015". Vanguard. 24 November 2015. Retrieved 6 January 2021.
  24. ^ "US Chamber names Dangote Co-Chair of US-Africa Business Centre". Vanguard News. 20 September 2016. Retrieved 22 March 2020.
  25. ^ "Buhari inaugurates Dangote-led Nigeria End Malaria Council". Premium Times. 16 August 2022. Retrieved 16 August 2022.
  26. ^ "Nigeria's Jonathan adds Dangote to economic team". Reuters. 19 August 2011. Retrieved 11 May 2022.
  27. ^ "I'm Not Running For 2019 Presidency Says Aliko Dangote". Nairametrics. 9 September 2017. Retrieved 11 May 2022.
  28. ^ "2019: Presidency clarifies Dangote's role in Buhari's campaign as Nigerians". 29 December 2018. Retrieved 11 May 2022.
  29. ^ Falade, Faderera (26 September 2019). "What I Admire Most About Dangote – Bill Gates". Nigeria News. Retrieved 11 May 2022.
  30. ^ "Nigeria reports one more Ebola case, 11 in total". Reuters. Archived from the original on 16 August 2014. Retrieved 20 June 2015.
  31. ^ "Boko Haram crisis: Nigerian tycoon Dangote donates $10m in aid". BBC News. 10 May 2016. Retrieved 11 May 2022.
  32. ^ "Dangote donate N200m to fight Coronavirus in Nigeria". CNBC Africa. 3 March 2020. Retrieved 28 March 2020.
  33. ^ Onu, Emele; Lacqua, Francine (24 September 2024). "My Dream of Buying Arsenal Is Over, Says Africa's Richest Man". Bloomberg.com. Retrieved 28 January 2025.
  34. ^ "Dangote's $1m for renovation of MKO Abiola stadium excites Adelabu". The Guardian. 28 August 2020. Retrieved 19 October 2020.

Sources

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