Our Priority Is To Eradicate Youth Unemployment -Dangote

Dangote Group’s Executive Director, Commercial Operations, Hajia Fatima Aliko-Dangote, has reiterated the company’s determination to eradicate the high youth unemployment in the country. She said, it is only when youths are positively engaged, that the high insecurity problems in the country will fade away. Fatima, who made this disclosure at the just concluded Lagos International Trade Fair during the “Dangote Day”, said since inception, the desire of the President of Dangote Group, Aliko Dangote, was to assist the three tiers of government in the country, in eradicating poverty, and the best way for Dangote Group to do this, will be to contribute to eradicating youth unemployment in the country. Noting that Dangote is the highest employer of labour in Nigeria, outside the Federal Government, she said, the priority of the Group is to create more employment opportunities for the teeming Nigerian youths and make them breadwinners of their respective families. According to her: “The desire of our President, Aliko Dangote, is to ensure that Nigerian youths are ably employed, because it is only when this happens, that they can also contribute their own quota to the growth and development of the county. And once the youths are also positively engaged, the security challenges of the country will abate.” Fatima, further said the Group is passionate about deepening the Nigerian economy through industrialisation, job creation, provision and rehabilitation of essential infrastructure, and the welfare of the citizens.  According to her, “It is the desire to promote industrialisation that informs our decision to become strategic partners with all the major Chambers of Commerce across the nation.”  She also said: “Our investment decisions at Dangote Group, are focused on creating values for all stakeholders. We have invested in several projects which are meant to create jobs and enhance the rapid industrialisation of the Nigerian economy. Dangote Cement Plc remains the continent’s foremost cement producer, with operations in 10 African countries. “The activities of the cement company through its multiplier effect, provide direct and indirect employment to millions of people across Africa. Through its corporate social responsibility (CSR) interventions, Dangote Cement has touched the lives of thousands of people in host communities across Africa. The company has built schools, hospitals & clinics, roads, markets, and vocational training centres in host communities.”, she stated. Reacting to what Fatima Aliko Dangote said, Dr Micheal Olawale-Cole, President of the Lagos Chamber of Commerce and Industry (LCCI), said Dangote Group has created jobs more than any known private sector operators in the Country. He said the foremost indigenous conglomerate has contributed significantly to providing solutions to the problems of unemployment and by extension, to reducing the poverty levels among Nigerians. He said the decision of the company to venture into oil and gas would permanently put an end to the issue of petroleum scarcity in Nigeria and contribute substantially to the GDP and the overall economic growth and development of Nigeria. According to him, Dangote Group has been at the forefront of job creation even as its products and services have touched the lives of millions of people across the African continent and beyond.   He then enjoined other corporate bodies to toe the line of Dangote in assisting the Government, through the provision of infrastructure, even if it must be through a tax credit scheme, introduced by the Federal Government.

We’re Not Running Any Promo Sales, Dangote Debunks Rumours

Leading cement production company, Dangote Cement Plc, has denied reports that it recently embarked on a sales promotion leading to a price adjustment. Unconfirmed reports say, the company in response to the price reduction announcement by BUA Cement had also slashed the price of its product to about N3,450. However, in a swift reaction, the company says it is not embarking on any sales promotion as is been reported. In his response, the Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina described the reports as mischievous, malicious, and false. He added that the Management has formally notified the law enforcement agents to track down, name, and shame the perpetrators of this devious and deceptive information. He urged Dangote’s Cement customers and other stakeholders to continue patronising the high-quality cement brand and be careful of scammers, who are bent on defrauding them of their funds.

S/African Johann Rupert overtakes Dangote as Africa’s richest man

South African Johann Rupert has displaced Nigerian billionaire businessman Aliko Dangote to become Africa’s richest man, Forbes Magazine said. Rupert’s net worth is currently $12 billion according to Forbes Real-time Global Billionaires Ranking, while Dangote trails behind him with a net worth of $10.8 billion as of Friday. Dangote’s net worth dropped due to the recent operational charges on the foreign exchange market carried out by the Central Bank of Nigeria, which led to the depreciation of the Naira against the US dollar. Consequently, Forbes and Bloomberg had to recalculate the fortunes of all Nigerian billionaires leading to the significant drop in the wealth of Dangote, Abdul Samad Rabiu, the founder of BUA cement, and Mike Adenuga, the Chairman of telecommunications giant Globacom Limited. Meanwhile, with the expected kickoff of the $20 billion Dangote refinery commissioned last Month, Aliko Dangote is expected to bounce back.

Dangote wins most admired African Brand for record 6th time

The Dangote brand has, for the sixth consecutive year, been adjudged the most admired African brand among top 100 brands on the continent. The company announced the development in a statement signed by Mr Francis Awowole- Browne, corporate communications personnel, Dangote Group, in Lagos. According to the statement, the telecommunication outfit, MTN came in second position while Digital Satellite Television (DSTV) took third place, both of South African origin. It added that the pan-African conglomerate brand was also adjudged as the number one African Pride Brand followed by Ethiopian Airline and MTN respectively. The statement disclosed that in a newly introduced category, the Dangote brand came second in sustainability, by brands doing good for the people, society and the environment. “Brand Africa in its statement announcing the ranking, also disclosed UNICEF as the number one NGO and Coca-Cola as the number one non-African brand. “Brand Africa disclosed that Dangote retained the number one spot for the sixth time, in spite of African brands slipping to 14 percent of the top 100 most admired brands in Africa as non-African brands entrench their position in the continent,” the statement read. Reacting to the survey, Group Chief, Branding and Communication, Dangote Industries Limited, Mr Anthony Chiejina, said the awards were well deserved. This, he said, was because the Dangote brand generated strong nationalistic impressions and powerful feelings across the continent in terms of industrialisation, self-sufficiency, prosperity, power and production. Chiejina stated that this was further strengthened with the recent commissioning of 650,000 bpd Dangote Petroleum Refinery & Petrochemical complex which was a huge industrial complex. “The brand portends the inevitability of Nigerian global ascendancy and a gateway to regional and continental development,” he said. Established in 2010, Brand Africa is an intergenerational movement to inspire a brand-led African renaissance to drive Africa’s competitiveness, connect Africa and create a positive image of the continent.