The Story Of Aliko Dangote

The Story Of Aliko Dangote

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  • Aliko Dangote

The Story Of Aliko Dangote

BB Meets Africa Jun 04, 2021

BB MEETS AFRICA

The Story of Aliko Dangote

By BB Meets Africa the :

Dangote is known as the richest man in Africa who owns various businesses worth billions in several countries. He was born on the 10th of April 1957 in Nigeria.

Dangote got his basic education at Sheikh Ali Kumasi Madrasa. He continued his high school education in Capital High School, Kano and later obtained a higher education degree at Al-Azhar University, Kairo, where he specialized in business studies and administration. He then obtained two doctorate degrees from Coventry University as well as the University of Ibadan.

Dangote is from a wealthy and respected family in Nigeria where his late grandfather happened to be one of the richest people in West Africa before passing away.

Amazingly, he had been interested in business at a very young age even to the extent that he used to buy candy cartons in order to sell them to his friends so he could make some money. This interest in business led him to ask for a loan from his uncle at the age of 21, a loan amounting to $3000 to begin his career. He took off by importing rice and sugar from Thailand and Brazil and sold them in Nigeria. Within a short time this business became successful and highly profitable. He paid off his loan easily and since then his business has grown, he deals in manufacturing, consumer goods, oil and gas, has industries as well. He is also known as the owner of one of the world’s third largest sugar refinery which produces about 800 thousand tons of sugar yearly.

Aliko Dangote is known as a family man who got married twice but none of his marriages lasted. He is a proud father of three daughters known as Halima, Maria and Fatima.

Aliko Dangote 1

Aliko Dangote – Inspirational Quotes

  • Be Consistent

One of the things you need to succeed in your business is consistency. When you try a business and you start, there will be inconsistencies here and there, challenges but it does not mean that it is not going to work. Life without challenges is very boring so if you have challenges you have to know how to work out those challenges and you will be successful once you are consistent. What business does not like is for you to try something and then once you have one or two problems you want to change and move on into another business.

LESSON LEARNT:

Being consistent is needed to make us successful in whatever business we find ourselves in. Consistency should not be just for a week, a month or even a year and then stopped because things are working it should be part of our daily lives if we want to succeed in whatever business we embark on.

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