How I Got My Big Break in Business in 1999, Through President Obasanjo Support – Dangote

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Africa’s Richest man according to Forbes, Aliko Dangote has made a big confession on how his business witnesses a massive turnaround in 1999 through the support of Ex-President Olusegun Obasanjo.

In an interview with FinancialTimes, Dangote revealed a lot about his personal life, daily routine, habits, business goals and his impression about the Nigerian political space.

NEWS: Dangote Cement to issue up to N150bn Commercial Paper

Dangote also tells Pilling about how President Obasanjo contributed to the expansion of his cement business in 1999. According to him, President Obasanjo at that time wanted to know why Nigeria couldn’t produce cement, rather than relying on import. His response to the then President was that it was more profitable to trade than to produce but only if imports were restricted, the result would be worthwhile. The government soon restricted the importation of cement and Dangote capitalized on it and established Dangote Cement, which is now a household name in the Nigeria extractive industry.

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