I want to be even richer than that. As I proceed to that height, I will contribute to changing Nigeria, Africa and the world.
I visualize a science and technology city in Nigeria that will galvanize scientific and technological development in Nigeria in a way similar to the way the film industry has done.
toyin
Joe,
The neigborhood in Kano where Dangote and his parents hail from is indeed the Mecca of the city. Not to go into that, just last week Dangote Foundation was launched in Nigeria to provide one million jobs to Nigerians. Aliko Dangote promised to contribute N10billion of the N20billion capital required. The Nigerian Government is to contribute the balance. During the launching ceremony which was shown on Nigerian television live, Dangote made available to the Bank of Finance Industry and Commerce, the executing agency, N5billion and pledged an equal amount by the time amount has been disbursed to small scale business entrepreneurs. The Government is yet to make known its own contribution.
Joe, Ailko Dangote is not someone who thinks only of his immediate community, rather he regards the whole country as his community. Indeed, anyone visiting his companies, will testify that the composition of the work force is more Nigerian than the federal government of Nigeria.
Malam Wane
On Fri, Mar 11, 2011 at 11:23 PM, Joe Attueyi <topcrestt@yahoo.com> wrote:Malam Wane
Because that neighborhood in Kano where Dangote and Dantata live is a shame. Such personal opulence in the midst of such extreme poverty!
Go to nnewi and you will the contribution of ekene Dili chukka to his community.---no matter how little.
Speak to your brothers to help their own people out of poverty
Joe
--- In NIgerianWorldForum@yahoogroups.com, Salihu Mustafa <salihumustafa@...> wrote:
>
> Joseph,
> Why single out Dangote? Why would Ekene Dili Chukwu, Chide Ebere, ABC
> transport etc etc wait until they are on Forbe's list before they will
> develop their own villages?
> Malam Wane
>
> On Fri, Mar 11, 2011 at 10:22 PM, Igietseme, Joseph (CDC/OID/NCEZID) <
> jbi8@...> wrote:
>
> >
> >
> > Hopefully Dangote's village will soon become the MOST DEVELOPED in Africa!
> > As I have repeated often, it is commendable for individuals to legitimately
> > build wealth for themselves in any society; however, *no amount of
> > personal wealth is sustainable in the absence societal/community development
> > or in a void of societal under-development. Emphasis in Societal/Community
> > Development by all members of the society [private and public] provides the
> > supporting pillars for individual wealth preservation, lasting comfortable
> > living both the wealthy and not-so-wealthy, and ensures the
> > institutionalization of human achievements and legacies.* The record pages
> > of History have this TRUISM well inscribed.. This is why wise wealthy people
> > in developed societies spend so much on developing their communities [as
> > community projects, scholarships, educational supports et cetera]. Warren
> > Buffett will tell you more about this. Take care. JUI
> >
> >
> >
> >
> >
> > *From:* NaijaElections@yahoogroups.com [mailto:
> > NaijaElections@yahoogroups.com] *On Behalf Of *toyin adepoju
> > *Sent:* Friday, March 11, 2011 8:07 AM
> > *To:* usaafricadialogue; WoleSoyinkaSociety; Edo-nationality; Edo Global;
> > NigerianID@yahoogroups.com; naijapolitics@yahoogroups.com;
> > naijaobserver@yahoogroups.com; nai; naijaelections
> > *Subject:* [NaijaElections] Fwd: [dandalin-siyasa] Dangote is Africa's
> > richest man
> >
> >
> >
> > ---------- Forwarded message ----------
> > From: *Abdullahi Dahiru* <maikanodahiru@...>
> > Date: 11 March 2011 12:50
> > Subject: [dandalin-siyasa] Dangote is Africa's richest man
> > To: dandalin-siyasa@yahoogroups.com
> >
> > Nigerian business mogul Alhaji Aliko Dangote emerged yesterday as Africa's
> > richest person on the Forbes' list for 2011 with a net worth of $13.8bn.
> > This makes him the 51st richest person in the world. His fortunes surged by
> > 557 per cent from the $2.1bn he recorded last year, the steepest surge in
> > wealth by any billionaire, Forbes said. Another Nigerian business mogul,
> > Globacom founder Chief Mike Adenuga, joined the Forbes Magazine'
> > billionaires list with a net worth of $2bn. Adenuga is rated 597th richest
> > person in the world. However, Mr. Femi Otedola, who was previously with
> > Dangote on the list, did not feature in the 2011 list.
> >
> >
> > Leading the pack of the world's billionaires is the Mexican tycoon Carlos
> > Slim Helú, who added $20.5bn to his fortune, more than any other
> > billionaire. The telecom mogul, who gets 62 per cent of his fortune from
> > America is now worth $74bn and has pulled far ahead of his two closest
> > rivals.
> >
> > However, Microsoft guru, Bill Gates came second and the wonder investor
> > Warren Buffett came third. Both added a more modest $3bn to their piles and
> > are now worth $56bn and $50bn respectively. Gates, who now gets 70 per cent
> > of his fortune from investments outside of Microsoft, has actually been
> > investing in the Mexican stock market and has holdings in Mexican Coke
> > bottler Femsa and Grupo Televisa.
> >
> > Dangote's fortune surged during the period after he consolidated all his
> > public and private cement holdings throughout Africa into the continent's
> > largest cement manufacturer and listed it on the Nigerian stock exchange
> > last October.
> >
> > Dangote Cement now has a market value in excess of $13bn, and accounts for
> > a quarter of the Nigeria Stock Exchange's total market capitalization.
> >
> > The dearth of native suppliers to meet increasing cement demand is driving
> > the stock price. Dangote projects demand at 72 million metric tons and
> > growing because of the drive to build infrastructure in Nigeria, Africa's
> > most populated nation, as well as other countries; current supply is 67
> > million metric tons, a shortfall of 5 million metric tons.
> >
> > For perspective, he is now richer than long-time white South African
> > billionaires Nicky Oppenheimer of De Beers and Johann Rupert of luxury goods
> > group Richemont, which owns Cartier, Dunhill and other premium brands.
> >
> > For now he's gearing up to introduce Dangote Cement to foreign investors.
> > Companies listed on the Nigerian stock exchange are required to have a
> > minimum free float of 25 per cent. Dangote initially listed 5 per cent of
> > shares.
> >
> > According to analysts at Thaddeus Investment Advisors, the Nigerian market
> > is too shallow for a stock of Dangote Cement's size to be listed on the
> > exchange; this is why the balance of the free float will be listed outside
> > of Nigeria.
> >
> > Dangote, who recently bought himself a $45 million Bombardier aircraft for
> > his birthday, has been shuttling back and forth to London for months, in
> > anticipation of a public offering in London later this year.
> >
> > According to Forbes, Dangote is certainly one to watch. After a lucrative
> > career in trading, Dangote ventured into manufacturing pasta, salt, sugar,
> > and flour in 1997, in part encouraged by the policies of former president
> > Olusegun Obasanjo.
> >
> > Eventually Dangote went from importing and rebagging cement to production
> > as well; he was awarded the government's then state-owned cement business
> > and began building his own plant in 2003. Cement revenue which has been
> > primarily based on imports grew 15% a year between 2001 and 2005; once the
> > Obajana plant was fully operational in 2007, revenue quadrupled; in fiscal
> > 2009 revenue was $1.2 billion.
> >
> > Dangote Cement now owns three cement plants and two terminals in Nigeria
> > where he both produces and still imports cement. The Obajana plant is
> > Dangote's largest to date and controls the largest market share in Nigeria.
> > Dangote terminals at Lagos and Port-Harcourt have the highest import quotas
> > of all local companies. With additional capacity coming on line this year,
> > total capacity is expected to reach 26 million metric tons by the end of
> > 2011. (Also helping boost profits: Dangote's newly combined entity is tax
> > exempt through 2017.
> >
> > But he won't stop there. Dangote has started building investments in cement
> > plants and terminals across Africa including Senegal, Zambia, Tanzania,
> > Congo, Ethiopia, Cameroun, Sierra Leone, Ivory Coast, Liberia and Ghana.
> >
> > Adenuga, owner of several high profile firms which include Conoil
> > Producing, Conoil Plc, Equatorial Trust Bank (ETB), launched Globacom
> > services in Nigeria in 2005, in the Republic of Benin in 2008 and has
> > licences to operate in Ghana and Cote d'Ivoire (with Togo and Senegal next).
> >
> > He took a big gamble laying a $1bn undersea fibre optic cable, Glo-1, to
> > link Africa with the rest of the world in partnership with Alcatel-Lucent.
> > The connection will help lower prices for customers as well as help Adenuga
> > expand more quickly.
> >
> > Meanwhile, Egypt led other African countries in the Forbes billionaires'
> > list, with eight billionaires on the list, followed by South Africa with
> > four billionaires, while Nigeria came third with two billionaires. According
> > to Forbes Magazine, this 25th year of tracking global wealth was one to
> > remember. The 2011 Billionaires List breaks two records: total number of
> > listees (1,210) and combined wealth ($4.5tr).
> >
> > This horde surpasses the gross domestic product of Germany, one of only six
> > nations to have fewer billionaires this year. Whereas BRICs led the way:
> > Brazil, Russia, India and China produced 108 of the 214 new names. These
> > four nations are home to one in four members, up from one in 10 five years
> >
> > http://www.dailytrust.dailytrust.com/index.php?option=com_content&view=article&id=13873:dangote-is-africas-richest-man&catid=2:lead-stories&Itemid=8
> >
> >
> >
> >
> >
>
>
>
> --
> Best Regards
> S. Mstf
>
--
Best Regards
S. Mstf
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