CBN forex restriction on textile lacked business intelligence, background—Expert
Less than one week after the Central Bank of Nigeria (CBN) unilaterally forced textile and allied materials into the overflowing basket of foreign exchange restrictions, more facts are beginning to emerge. Whereas there are strong indications that the Governor of…
By 2020, we’ll be the largest cement exporter in sub-Saharan Africa—Dangote
The epi-climax of backward integration in cement production will be noticed from 2020 when Dangote Cement will become the largest exporter of cement in sub-Saharan Africa. This was the submission of the elated Aliko Dangote, President of Dangote Industries Limited,…
Only political will, success mentality can drive industrialization in Nigeria—Dangote
The President of Dangote Group, Alhaji Aliko Dangote has made it clear that for the economy to drive backward integration in manufacturing, the leadership and the people must have the political will, courage and perseverance to succeed. Delivering a paper…
Nigeria can save $3bn yearly if it begins backward integration on steel—BUA chief
In his remarks at the opening plenary of the Africa CEO Forum in Abidjan, Cote d’Ivoire, the founder/Executive Chairman of BUA Group and Chairman of CCNN, Abdulsamad Rabiu, has advised the federal government to work towards implementing backward integration in…
Dangote reveals how backward integration did magic in his empire
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…
As in cement, Dangote begins journey for backward integration in Sugar production
Leading indigenous investor in sugar production, Dangote Sugar Refinery (DSR) Plc has unveiled plans to drive backward integration in production of sugar over a 10 year delivery plan. The scheme is expected to gulp about N106 billion and about 20…
Cement backward integration yielding as Dangote exports 0.4mmt in 2016
The merits of the policy of cement backward integration introduced by the former administration led by Dr. Goodluck Jonathan has surged as Dangote Cement Plc has disclosed that following continuous increase in its production capacity, it has not only closed…
