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Tag Archives: dangote group

Dangote, others task AfroChampions to focus on job creation

Dangote Afro

As part of new drive in Africa to attain its desired goal in real growth and development, prominent African leaders, entrepreneurs across the continent have been called upon to work effectively towards integrating their economies to enable free trade among its members. This can be achieved according to Vice-President Yemi Osibajo,  Former President of Nigeria, Olusegun Obasanjo, former President of ...

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Dangote reveals how backward integration did magic in his empire

Dangote A

Leading industrialist and President, Dangote Group, Alhaji Aliko Dangote, has linked his blossoming success stories in commodity and manufacturing spaces to the strategy of backward integration. In his presentation at a public conversation during the Financial Times’ 4th Annual Africa Summit at Claridges, London, United Kingdom, Dangote said the strategy had worked and was working, and urged other African nations ...

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Dangote explains Apapa-Oworonshoki highway deal with FG, debunks tax holiday

dangote-potriat

Barely two weeks after the news went viral that Dangote Group has sealed a Public-Private-Participation (PPP) with the federal Government through the Minister of Power, Works and Housing, Mr. Babatunde Fashola, to use concrete to reconstruct the Apapa-Oshodi-Oworonshoki Expressway and enjoy 10-year tax holiday, the management of Dangote Group has debunked the report. Making clarifications in Lagos, the Group Executive ...

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Dangote plans five-year $4.6b investment in agriculture

Dangote 77

President of Dangote Group, Alhaji Aliko Dangote, has given an indication of fresh $4.6 billion dollars investment in Nigeria’s agricultural sector. The emerging investment scheme will run for five years. Whereas the key areas of the investment will include sugar, rice, tomatoes and oil palm, he appealed to the government at all levels to rehabilitate and construct feeder roads to ...

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Nations working to snatch TB Joshua from Nigeria, says Liberian best farmer

Kalayi SCOAN

Testimony galores have started emerging for agro investors across the world who keyed into the prophesy of TB Joshua few years ago. Prophet TB Joshua is the founder and leader of the Synagogue Church of All Nations (SCOAN), operators of Emmanuel TV, headquartered at Ikotu, Alimosho Local Government Area of Lagos State. Few years ago, TB Joshua released prophesy from ...

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Dangote sees Nigeria, Africa as emerging global food basket

Dangote 77

Considering the clear federal government agro policy which has been embraced by every state and private sector investors since the emergence of President Muhammadu Buhari administration, leading industrialist and president of Dangote group, Alhaji Aliko Dangote has professed that “Africa will become the food basket of the world”, very soon. In his presentation at the headquarters of global law firm, ...

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Dangote deal spurs FG to adopt tax reliefs in funding road projects

Dangote group

A new road project financing model is emerging in Nigeria following the recent seal of agreement between the federal government and Dangote group in the reconstruction of Apapa-Oworonshoki Expressway which allows the company to complete the job and enjoy 10 years tax holiday. According to the deal, Dangote Group will deliver the road beginning from Apapa Port complex through Tincan ...

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Why Dangote yielded to FG’s 10-year tax free deal to deliver Apapa-Oshodi on concrete

Apapa port access

More details have emerged on why leading African industrialist and President of Dangote Group, Alhaji Aliko Dangote agreed with the federal government to reconstruct the Apapa to Oworonshoki Expressway in Lagos using concrete and not asphalt. A top official of the company who spoke on phone with our correspondent on Sunday revealed that “I think it is the same spirit ...

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NPA mobilized contractor handling Apapa Wharf road with N1.8bn in July

NPA boss

In its usual show of commitments to the ease of doing business at the ports and in line with its resolve to partner with the private sector including Dangote group and Flour Mills of Nigeria (FMN), the managing director of Nigerian Ports Authority (NPA),  Ms. Hadiza Bala Usman, in July released the sum of N1.8bn for the ongoing reconstruction of ...

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Dangote deepens backward integration in sugar, seals N166b pact with Niger State

Dangote 77

Basking on the euphoria of the tremendous success achieved in cement backward integration few years ago, Dangote Group has inked a Memorandum of Understanding (MoU) with Niger State Government to drive similar feat in sugar production. The agreement was in favour of establishing a ($450m) N166-billion state-of–art and fully integrated sugar complex in the state. Business Hilights recalls that Niger ...

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