By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Why My Company Has Been Very Successful – Dangote
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Why My Company Has Been Very Successful – Dangote

Farouk Mohammed
By Farouk Mohammed
Published: March 24, 2016
Share
2 Min Read
SHARE

Aliko-Dangote

Africa’s richest man, Aliko Dangote, has stated that the challenge of electricity was adversely affecting the growth of the continent’s economy.

Speaking at the Africa CEO forum in Abidjan, the President of Dangote group also disclosed what has made his conglomerate successful.

“Where I come from, which is Kano in Nigeria, we have over 20 million people and we are sharing 35 megawatts only,” Dangote said.

- Advertisement -

“So when we started business as a group, we said that we would not go into the national grid. Every single country that we are operating in, we would create, generate our own power and that is why we have been very, very successful.”

In his remark, President of the African Development Bank, Akinwumi Adesina, said Africa must seek ways to light up the continent.

“If you walk in the dark, you’ll stumble and you will fall. But if you walk in the light, you will constantly see thing ahead of you,” he said.

“The problem is, in Africa, you have today 645 million people without electricity. You have the GDP in which the cost of not having electricity is about four to five percent shaved off.

- Advertisement -

“We cannot be competitive when it comes to value adding. We cannot industrialise because we have no electricity. The kids cannot go to school because we have no electricity.

“Vaccines can’t be in hospitals because we have no electricity, and business are operating at very high cost, using diesel. In other words, what is the emergency power supply system has become the normal power supply system – no way!

“And as Africa Development Bank, I know that the very blood of Africa’s transmission and life is what we do.”

Nigeria’s electricity generation currently fluctuates around 4,000MW, a meagre capacity for a country of over 170million.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Dangote
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article President Buhari to Account For Recovered Loots Soon – Oyegun
Next Article JAMB: Out of 1.5million UTME Candidates, Only 400,000 Will Gain Admission – NUC

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Police Blockade of PDP Secretariat Triggers Political Turmoil and Heated Reactions
Politics
APC Welcomes Kwankwaso Back to Collaborate with President Tinubu
Politics
Olubunmi Tunji-Ojo
FG Hails Success of E-Visa System, Processes Over 14,000 Applications in Six Weeks
News
Google Releases June 2025 Core Update
Tech
NELFUND
NELFund Warns Students Against Fake Loan Portal, Urges Caution Over Fraudulent Links
Education
- Advertisement -
Ad imageAd image

You May Also Like

International

Tinubu and Saint Lucia’s Prime Minister Agree to Establish Formal Diplomatic Relations

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 30, 2025
Ali Bukar Dalori
Politics

Ali Bukar Dalori Assumes Role as APC Acting National Chairman After Ganduje’s Resignation

Muhammad A. Aliyu
Muhammad A. Aliyu
June 30, 2025
MI Abaga
Celebrities

MI Abaga Expresses Regret Over Past Support for APC

Damilola A.
Damilola A.
June 30, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?