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Dangote assures Nigeria on durability of concrete road

Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, last weekend appealed to the Federal Government to embrace concrete road and use cement for the construction of its roads in Nigeria for durability purpose.

Aig-Imoukhuede, Dangote, bow out of NSE council

Comfort Ekeleme

National Council of the Nigerian Stock Exchange (NSE) Mr. Aigboje Aig-Imoukhuede Monday bowed out as the President, National Council of the Nigerian Stock Exchange (NSE) after serving for three years.Aig-Imoukhuede officially announced his retirement in Lagos at the NSE 56th Annual General Meeting (AGM) for the financial year ended December 31, 2016.

Dangote, Inuwa Waya bag FIN Petroleum Industry Award

Africa’s richest man and Nigeria’s indisputable business leader, Aliko Dangote, has told a packed room in New York that he is hoping that oil prices will remain low to wean Nigeria away from its dependence.He said agriculture should be the focus of government, as well as gas and minerals, in an effort to diversify the economy.

Dangote to invest $50bn in renewables and petrochemicals across U.S., Europe


Africa’s richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the U.S. and Europe by 2025, in industries including renewable energy and petrochemicals.The 60-year-old Nigerian industry giant, aims to move into these territories for the first time in 2020 after completing almost $5 billion of agricultural projects and an $11 billion oil refinery in Logos Nigeria.

Reason foreign investors are not friendly with Nigeria – Dangote

Africa’s Conglomerate and indigenous investor, Dangote Group, has signed a Memoranda of Understanding (MoU) with Kano state Government, for the proposed 100MW Dangote-Black Rhino Solar Power Plant.The formal agreement for the project which is to be sited at Zakirai, in Gabasawa Local Government area of the state, took place today, 10th August, 2017 at the office of Secretary to the State Government (SSG), Alhaji Usman Alhaji, in Kano.

Africa’s richest man, Aliko Dangote said the MoU is yet another milestone in the evolving partnership between Dangote Group and Government of Kano state in their determination to bring about the much needed improvement in the economy of the country.He described the situation of decadence in the power sector, which resulted in decline of the status of Kano, a once vibrant industrial and commercial City in the past three decades as sad.

Represented by the Group’s Executive Director, Engr. Mansur Ahmed, Aliko said it is incumbent, and necessary for the benefit of the people of Kano and the entire nation to restore the economy’s vibrancy.He decried the power challenges which have continued to militate against industrialisation and economic development in the state, saying “As we all know Kano’s pre-eminent status as a great entrepot and centre of Commerce in the Sub-Saharan region for almost two centuries has sadly declined.

“It is an open secret that the gross inadequacy of supply of reliable and affordable electricity is one of the critical challenges facing the State’s economy. This project will, on completion, add 100MW to the state’s electricity supply and is fully in line with our Group’s strong commitment to contribute to the reinvigoration of the State’s economic potential and over all national development”. The President/CE, Dangote Group further said.

The Power Plant which is a state-of- the- art renewable energy plant will be fully financed, jointly by Dangote Industries Ltd and its global strategic partner, Black Rhino Group, and promises to convert abundant energy of the sun into high quality clean electricity with no deleterious impact on our nation’s economy.Signing the MoU on behalf of the State Government, the SSG, Alhaji Usman Alhaji, indicated that the momentous event showcased the sacrifice of Aliko Dangote, a son of the soil, for the people of the ancient City of Kano, and indeed, the nation in its struggle to move its economy forward.

He said prior to the signing ceremony, his office had performed another strategic ceremony, the distribution of vehicles to various security agents to enhance security of the state.”The security concern, is all part of effort of Kano state government to secure the state and its investments, such as the Dangote-Black Rhino project Alhaji Usman Alhaji disclosed.He expressed gratitude to Aliko Dangote for making Kano proud and said all hands will be on deck towards seeing to completion of the desired project in good time.

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