Africa’s richest man, Alhaji Aliko Dangote, 60, is massively expanding his businesses, and targeting about 250,000 new jobs.
From manufacturing to refinery, agriculture to power generation, the Kano born billionaire is investing over $20 billion to reduce the army of unemployed youths across the nation.
Speaking at the weekend to media executives in Lagos, the mogul with over 35 percent share of the capital market in Nigeria, revealed Dangote Group’s incredible investment in 6 major areas:
1. Refinery and Petroleum
3. Subsea gas pipelines
4. Local rice production
5. Local sugar production
6. Cement capacity expansion
The refinery in Lagos will come on stream as the world’s biggest with 650,000 barrels a day production.
What’s more, in rice production, Dangote is aiming at a market share of 20 percent with, at least, one in every five bags of rice you see in 2020.
Collaborating with other stakeholders, he is embarking on training 100,000 artisans every year in the construction industry. This exercise will improve the quality of buildings and empower the artisans with the multiplier effect felt across all sectors.
Already Nigeria’s biggest employer of labour, the soft spoken but tough gentleman is worried about the army of unemployed youths in the country.
In one of his companies in a small community, staffers there receive a monthly salary of N350 million, transforming and improving the locality.
Also joining hands with the government, plans are afoot to construct concrete roads, proven to be cheaper and more durable.