Aliko Dangote, Nigerian businessman and richest man in Africa, says his refinery which is under construction will be completed in the last quarter of 2017.
In a recent interview with Bloomberg, the chief executive officer of Dangote Group shared his business ideals and the next step for his business empire.
Here are 10 key topics he touched on.
REFINERY IN 2017
Dangote says his refinery, which would refine 650,000 barrels a day, would be among the largest in the world.
“We didn’t really realize that we were going to need almost 70 million cubic meters of sand. But we are catching up, and I’m sure we’ll be able to deliver it by the last quarter of 2017.
“We have actually never failed in delivering any project. We always deliver our projects on time and at cost. If we hadn’t delivered our projects on time, that would be something. We will definitely deliver, by the grace of God.”
LIFETIME PROJECT
To Dangote, the refinery is his lifetime project and he is backing it up with his own life to make sure it is delivered.
“We are using our own money. This is my lifetime project. I have to back it up with my own life to make sure it is delivered. I know that, yes, it’s true, a lot of people have tried to deliver on refineries in the past, mostly governments. They couldn’t.”
HE DOESN’T DO SMALL THINGS
By 2025, Dangote says he would have investments worth $50 billion in the US and Europe.
“Beginning in 2020, 60% of our future investments will be outside Africa, so we can have a balance. We are looking at petrochemicals but can also invest in other companies.
“Let’s say that by 2025, I’m looking at between $20 billion and $50 billion. Mind you, we don’t do small things.”
LEARNT FROM THE MEN WHO BUILT AMERICA
“I never worry about being too bold. In business it’s good to be aggressive, but with a human face.
“I thought at first I was really aggressive until I watched this show, The Men Who Built America. I realized that actually they were much bolder than us. Someone like Vanderbilt, he built 50,000 miles of rail! That is a very bold move. That’s why anything we do, we don’t do it small. If there’s any human being who has done this equally, I am equal to the task to do the same. I actually have a sign on my desk that says, ‘Nothing is impossible’.”
NO INTEREST IN TELECOMS
Aliko Dangote says he has no interest in the telecoms industry, his reason being that he is late to the party.
“When I look at telecom, for instance, I think that would be very tough for us. We are a little late. Some players have been in this market for 17 years already. There’s no way you can go and jump over somebody after 17 years of their hard work. So I think we would pass when it comes to telecom today.”
HE WISHES HE INVESTED IN TECHNOLOGY
Dangote says he’d have loved to invest in tech, especially because companies in that industry get bigger valuations than industries like agribusiness.
“Look at the US, the way the tech companies are getting massive. And it’s still nothing compared to the GEs, yet those don’t get that kind of valuation. I wish that we’d entered tech, but our concentration has always been in Africa.”
ARSENAL ON THE WISH-LIST
Another thing on the wish-list of the 60-year-old businessman is to buy Arsenal football club.
“I don’t want to go after Arsenal until I deliver the refinery. Once I deliver, I will go after Arsenal.
“I don’t change clubs. Even when Arsenal isn’t doing well I still stick by them. It’s a great team, well-run. It could be run better, so I will be there. I will wait. Even if things change I will take it and make the difference going forward.”
NOT INTERESTED IN POLITICS
Dangote says he has no desire to go into politics because he loves his freedom too much to lose it.
“I’m not interested. There’s quite a lot we can do from the business side. I enjoy a lot of what I am doing, and I also love my freedom—and I don’t have too much. The little I have, politics would take away. I am not ready to give that up. There are businessmen who are interested in politics. I’m not one of them.”
INTEGRITY IS HARD TO COME BY
When asked of the human flaw that frustrates him the most in business, Dangote says it’s integrity.
“In Africa, you normally need to know who you’re dealing with. You have to make sure you’re dealing with very honest people who have integrity—that’s why we have so few partnerships. Dangote itself has plenty of headaches to take care of.”
PREFERS MAKING MONEY TO SPENDING IT
In Dangote’s words, he doesn’t like to throw away money and has no home outside Nigeria. He likes a simple and quiet life.
“I’m not a person who just likes to throw away money. I spend more money on charitable things than myself. I actually don’t have any home outside Nigeria. I stay in hotels. Quiet. Simple. My life is not very lavish, and I actually get very embarrassed if I try to show that I have money.
“In Lagos, I drive myself around on weekends. I ask my driver to go rest, and then I drive myself around. I still visit my normal friends I grew up with. My house is open 24 hours a day for them. I mingle with everybody. That’s the only way to get to know what’s going on.”
Here, we give you latest gists about our celebs,pastors,fashions and trends you can think of ,just to get you entertained.
Popular Posts
-
The queen of clapback Kemi Olunloyo rejects outrightly a man's immoral invitation see what she shared below with the caption " NN...
-
Immediately she got out of her car, it looked like her butt was compressed by her car seat
-
Two weeks ago, heavy rainfall caused serious flooding in areas on the Island in Lagos and Mainland residents took to socia...
-
MUST-SEE: Amb. Rachel Bakam Aka Rachel The PIPER Fights Human Trafficking As She Set To Anchor The Unveiling Of The Girls Ain't Che...
-
A man has been arrested for allegedly selling his wife and daughter for N270,000 to ritualists in Lagos. According to social media user ...
-
OAP Daddy Freeze just shared a message he received from a lady. According to the message , her boyfriend sent her a photo of her pastor and...
-
The Anambra State Commissioner Police, CP Garba Baba Umar on Wednesday, August 2, interviewed a young woman who was arrested a...
-
Wayne Rooney was hugged by a pitch-invading Manchester United fan during his second debut for Everton in Tanzania ....The Tanzanian fan ...
-
Davido's Brother Reacts After He Was Mentioned In Matharoo Sisters Sex Scandal Davido's brother, Adewale Adeleke has reacted to b...
-
These grotesque special effects were made during the making of a movie. Naija definitely got talent. ...
Saturday, August 19, 2017
Dangote - I Do Not Have Any House Abroad, I Drive Myself Around
Subscribe to:
Post Comments (Atom)
Woman Sells Off Her Cousin's Children For N1m, Attempts To Murder Their Mother.
The shocking story was shared by Facebook user, Princess Amicable. Read what she wrote below; "What a world!!!a world full of evil,a...
-
A Nigerian Man has taken to Micro-blogging site, Twitter to cry out after he received a credit alert of over 7 million naira in his Diam...
-
The Nigerian Navy wishes to inform the general public and all interested candidates that the online registration for 2017/2018 Nigerian ...
-
Nigeria Entertainers always have reply for followers who ask them for help financially. fan of Nollywood actor Mike Godson,who has been...
-
Social media model and show host, Ravie Loso who got famous after she started dating Drake when the rapper broke up with Serena William...
-
He Captioned it "Lmfao when you've just caught a maami water you grab her by the Breasts "
-
Star actress, Ngozi Ezeonu welcomes her son to Instagram.
-
I don’t know if this is true or false, well it was culled from Emmanuella Samuel, popularly known as Emmanuella ,a young Nigerian female...
No comments:
Post a Comment