Aliko Dangote | World Bank Live

Aliko Dangote

Chairman and CEO, Dangote Group

Aliko Dangote, (GCON) is the founder of the Dangote Group, which he currently presides over as President and Chief Executive. He is also the President of the Nigerian Stock Exchange (NSE). Dangote, who was born on April 10, 1957, is a graduate of Business Studies from the Al-Azahar University, Cairo, Egypt. He started business in 1978 trading in rice, sugar and cement, before he ventured into full-scale manufacturing. The Dangote Group, whose core business focus is to provide local, value-added products and services that meet the basic needs of the Nigerian population, has grown by leaps and bounds and has presence in 16 African countries. The Group, which currently has a market capitalization of over $24 billion as at December 2013, has four of its 13 subsidiaries listed on the NSE. Dangote was appointed chairman, National Job Creation Committee by President Goodluck Jonathan in 2010 to assist the government in providing more employment opportunities for Nigerians. In 2012, Aliko Dangote was appointed co-chairman, Presidential Committee on Flood Relief and Rehabilitation, which was set up to provide relief for victims of the flood that ravaged 21 out of 36 states of the federation that year. He made a donation of $16million at the fund-raising dinner. He also made a donation of $32million to the Bank of Industry (BOI) for funding micro, small and medium enterprises (MSMEs) in the country.