Wednesday 7 October 2015

AFRICA'S RICHEST MAN, ALIKO DANGOTE TO DELVE INTO POLITICS




Speaking with newsmen during a condolence visit to the Awolowo family over the death of HID Awolowo at the family’s residence in Ikenne-Remo, Ogun state, the chairman of the Dangote Group said business and politics should never mix.

According to him, the skills needed for running a business are different from those of politics, NAN reports.


He said the government was doing what they know to do best which was creating good policies and ensuring that the poor were not being taken advantage of while the businessmen were doing what they also know to do best which was creating jobs.

Dangote said: “I can’t be in politics because they say when you want to clap you need two hands.


“If all of us in business go into politics then, who is going to create the jobs?”

The business magnate urged the federal government to implement policies that would attract investors and enable the manufacturing sector to thrive and fast-track economic growth.

He also advised Nigerians to begin exploring other avenues to wealth like agriculture, instead of depending solely on crude oil.

Dangote was recently named among Bloomberg’s 50 world’s most influential personalities. He was number 41 on the list which had CEOs, world leaders as well as religious leaders including the US president, Barack Obama, the chancellor of Germany, Angela Merkel and Pope Francis.

The business magnate made his first fortune more than three decades ago when he started trading commodities with a loan from his powerful uncle.

Dangote ranks number 67 on Forbes world’s billionaires list 2015. He made his $14.7 billion fortune from mostly three majority stakes in publicly traded cement, sugar and flour companies. His net worth tumbled from $25 billion in February 2014 as a result of a weaker Nigerian currency and a drop in demand for cement.

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