President of Dangote Group, Aliko Dangote has been named among Bloomberg’s 50 world’s most influential personalities.
The group of personalities chosen by the Bloomberg Market, consists of CEOs, world leaders as well as religious leaders.
US President Barack Obama, Chancellor of Germany Angela Merkel and Pope Francis made the list. Dangote is number 41.
Bloomberg said “those on the list build companies and assemble fortunes. They shape economies and spread ideas. They manage money and wield the clout that goes with the billions of dollars they invest.”
Bloomberg noted that “Aliko Dangote, founder, Dangote Group, Africa’s most successful businessman built his fortune in sugar, textiles, and cement in his native Nigeria where, today, he’s a political as well as a financial power broker. He’s expanding in other countries and may list his cement company in London.”
Meanwhile, Dangote has expressed confidence that Nigeria would endure the oil price crash that has reduced government revenues if it steps up its fight against corruption.
In a press release by the company on Monday, Dangote at the Financial Times Africa Summit in London insisted that Africa’s most populous country would flourish.
“Nigeria’s GDP won’t stagnate and we will have a short term shock but people should remember the Nigerian economy is resilient and huge,” he said
Dangote remarked that if the government of President Muhammadu Buhari continued its crackdown on corruption, the near 50 per cent oil price slump in the past year would be mitigated.
“The government has also suffered a lot of leakages; when oil was $100 a barrel we weren’t seeing all that revenue collected.
“If the government collects all its taxes and duties, I think we will be okay. We will not have as much as we had before but it will be okay”, he added.
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