Nigerian billionaire businessman, Aliko Dangote has disclosed that the first product of the Dangote Petroleum Refinery and Petrochemicals “will be in the market before the end of July, beginning of August this year”.

He added that the accomplishment is to enable Nigeria to eliminate what he described as the tragedy of import dependency and stop — “once and for all” — toxic, substandard petroleum products from being dumped in Nigeria’s market.

“Beyond this, we intend to ensure that our plants are run at the highest capacity of utilisation and the highest efficiency to enable us to export competitively to other markets, especially in the ECOWAS and wider regions in which 53 countries out of 55 are dependent on imports to meet their petroleum products demand,” Dangote stressed.

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The 62-year-old Nigerian businessman and Africa’s most prominent industrialist ended the decade with a net worth of almost $15 billion, making him the 96th wealthiest man in the world, according to the Bloomberg Billionaires Index.

Born into a wealthy Muslim family of traders in the north, Dangote incorporated his own business selling cement at 21. He shifted to manufacturing the building material in the 1990s, helped by government policies that encouraged ways to reduce the need for imports. His critics still accuse him of taking advantage of his closeness to the government to gain an unfair market advantage, a claim he has repeatedly dismissed.

His conglomerate, Dangote Industries, includes the biggest cement company on the continent, the Lagos-listed Dangote Cement Plc. That’s one of four publicly traded companies under the Dangote umbrella that account for more than a fifth of the value of the Nigerian stock exchange.

The year 2020 could be a significant one for the billionaire, who is close to completing one of the world’s largest oil refineries in Nigeria. The plant has the capacity to meet more than Nigeria’s entire fuel consumption and could transform an economy that currently imports all its refined product needs. Dangote is also constructing a fertilizer factory on the same site.

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Engr. Makoju, popularly called Mr. Cement, is bowing out after 45 years of transformational leadership in the cement industry. The Board has however approved the appointment of Mr. Michel Puchercos as his replacement as the Group CEO, effective 1st February 2020.

The outgoing GMD/CEO of Nigeria’s largest cement manufacturer, holds a B. Sc (1^st Class) honours degree in Mechanical Engineering from University of Nottingham, UK and an M.Phil. in Mechanical Engineering from the same university. He is also an alumnus (mni) of the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Jos, Plateau State.

Before his current position, Makoju was Honorary Adviser to the President/Chief Executive of Dangote Industries Limited, Aliko Dangote, from 2009 to 2018. He was also Chief Operating Officer, Dangote Cement. He has worked in several world-class organisations including Shell-BP; Blue Circle (UK), and WAPCO which he headed as Managing Director/CE for about a decade before taking up an appointment as Managing Director/CE of the National Electric Power Authority (now Power Holding Company of Nigeria).

He served as Special Adviser (Electric Power) to the President, Federal Republic of Nigeria under two separate Administrations. He was pioneer Chairman of the Board of the West African Power Pool for eight years and remains today an Honorary Member of the board. He is also Chairman of the Cement Manufacturers Association of Nigeria (CMAN).

Engr. Makoju belongs to several professional bodies including the Nigerian Society of Engineers, Nigerian Institute of Management and British Institute of Mechanical Engineers.

He holds a number of awards including a national honour from the Federal Republic of Nigeria – Officer of the Federal Republic of Nigeria (OFR) and a national honour from the Republic of Niger – Grand Commander of the Special Order of Merit (GCSO).

Mr. Puchercos, who until his latest appointment, was the Group Managing Director and Country CEO of Lafarge AFRICA (March 2016 – Jan 2020), a company listed on Premium Stock Exchange (Lagos).

He has more than twenty years’ experience in the Cement industry.  He had worked extensively at Lafarge, including as the President & Chief Executive Officer of Lafarge Halla Cement, Director of Strategy and Systems at Lafarge Gypsum through Chief Executive Officer of Bamburi Cement, Kenya, Hima Cement, Uganda and Chairman, Mbeya Cement, Tanzania.

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The minister who was led on a tour of the Refinery by the Group President,  Dangote Industries Limited, Aliko Dangote, and the company’s Executive Director, Strategy, Capital Projects and Portfolio Development, Mr. Devakumar Edwin, was accompanied by the Chairman, Senate Committee on Petroleum Downstream, Senator Sabo Nakudu; Chairman, Senate Committee on Services/member, Senate Committee, Upstream, Senator Muhammad Musa; GMD, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari; Director, Department of Petroleum Resources (DPR), Mr. Ahmed Shakur; Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote; and the Executive Secretary, Petroleum Equalization Fund (PEF), Mr. Ahmed Boboi; among others.

He said: “This is a very heartwarming moment for all of us as Nigerians. There is no way a project of this magnitude will be going on and government will not be interested. Anywhere in the world, if a citizen of a country has committed so much money into investing in this kind of massive project, government must show interest.

“I must say now that Dangote Group has turned this project to the story of all of us, we must all support this project to succeed, because the success of this project signals a lot. Of course, I am sure that the whole world is looking at the success of this project. Investors all over the world will look at the success of this project and will come to Nigeria to at least also enjoy the benefit of investing here. So, we are actually here to assure you, Dangote Group, that as a government, as NNPC, we will support this project as much as we can. You have definitely done very well.”

“As you can see, the whole team is complete, and whatever your concerns are, whatever your problems are, please feel free to let us know, so that we will together find a solution to problems that you might encounter. Because of course, in project of this magnitude, you cannot expect that you will not have problems.

Sylva said the Dangote Refinery and Petrochemical was a testament that the country possesses enabling environment for businesses to thrive and added that the success of the project will boost investors confidence in the country’s oil and gas project. He implored Nigerians to support the refinery project with a view to ensuring that it creates more value addition to the economy.

Mr Mele Kyari, NNPC GMD said that “we are not competing with Dangote but complimenting each other to boost production capacity. Our objective is the same, to make Nigeria a net exporter of crude. We can’t do this until we have complementary activities between the private sector and government.”

“ln the next five years, Dangote will add 650,000 barrels, government with 445,000 barrels with others companies coming up to boost capacity,” he said.

In his remarks, Aliko Dangote, Group President and Chief Executive, Dangote Group said ” We believed in Nigeria and if we don’t do it ourselves, nobody will come down to do it for us. There is three per cent growth population increase annually in Nigeria, so, apart from that Nigeria are supposed to meet the needs of West, East and Central Africa in terms of supply.”

Similarly, Mr Devakumar Edwin,the company’s Group Executive Director, Strategy, Capital Projects and Portfolio Development, said that the asset creates market for 11billion per annum of Nigerian crude and can meet 100 per cent of the Nigerian requirement of all liquid products.

He said that Nigeria is Africa’s largest crude oil producer, but lacks refining capacity to meet its own fuel needs.

“The Dangote refinery, which is designed to maximise petrol output, will produce enough to allow for a small surplus of that fuel for export. It will also be able to send a large volume of diesel and jet fuel to international markets.”

He disclosed that Dangote plans to take advantage of local crude supply, adding that it won’t participate in the crude-for-fuel swap deal that is managed by the Nigerian National Petroleum Corporation (NNPC).

“We are going to buy the crude just at the export price and will sell our products at the import price, the crude swap is operating only for the importers of the product. The new refinery has been designed to process varieties of crude from sweet to light crude sourced both locally, and abroad.

“Dangote plans to export its diesel to Europe and gasoline to Latin America, Western and Central African markets, Edwin said.

He said that evacuation of refined products will be done by sea and through roads.

“We are thinking of investing in vessels. We want to make sure we are not held for ransom by any transport operators. Africa’s largest oil refinery had revealed that it would deliver its fuels to Nigerian consumers via roads and sea ports, and will effectively replace all of Nigeria’s fuel imports once fully operational.”

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This was the fourth annual staging of the event celebrating Nigerian excellence on the global stage. Organised by Lux Afrique, the luxury lifestyle platform dedicated to Africa, the guestlist represented the crème de la crème of the British and international Nigerian community.

Stars of sport, fashion and entertainment rubbed shoulders with distinguished guests such as Nigerian High Commissioner, His Excellency, Ambassador George Adesola Oguntade to celebrate 59 years of Nigerian independence.

High profile attendees recognised for their contribution to the promotion of Nigeria in the UK included Love Island’s Ovie Soko, actor Charles Venn, former World Champion and Olympic athlete Kriss Akabusi and footballer Peter Odemwingie.

Also in attendance were boxer Richard Riakporhe, Capital XTRA radio presenter Yinka Bokinni, Kojo Annan (son of former UN Secretary General Kofi Annan), Top Boy actor Kola Bokinni and singer Banky “W” Wellington.

The event began with a red-carpet welcome, followed by dinner, speeches and spellbinding performances by DJ Fasida and renowned Afrobeat musician Dele Sosimi and his band. There was also an exhibition of the latest iconic diamond jewellery from legendary fashion house Chanel.

For APO Group, who sponsored the event alongside the FCMB UK bank and fashion brand Marina Rinaldi, this celebration of African excellence and success epitomises their philosophy of promoting African business, culture and development on a global scale and connecting African people from all walks of life.

Boasting the largest economy on the continent – as well as the two wealthiest individuals in Africa, Aliko Dangote and Mike Adenuga – Nigeria is an emerging power on the global stage.

According to Bloomberg , demand for luxury goods in the country is higher than ever due to significantly increased prosperity. They cite a report predicting that the number of ultra-high-net-worth individuals in Nigeria will rise 90% by 2024 – and global luxury brands are starting to take notice, with Cartier, Dolce & Gabbana and Gucci among companies establishing a presence in Lagos in recent years.

The Independence Dinner is a chance to inspire the next generation of Nigerians to emulate that success. Last night’s event featured a ‘silent auction’, with guests keen to remember their roots and support people back home. The main beneficiary this year is Lagos Food Bank  which helps people in deprived areas of Nigeria with basic food and supplies.

“The Nigerian Independence dinner is always one of the highlights of the calendar,” said Lux Afrique founder and event host Alexander Amosu. “It is inspiring to have so many people from diverse industries come together to celebrate Nigerian spirit and entrepreneurship. Most importantly, it is a great opportunity to network, share stories and showcase the very best of our wonderful nation.”

“This is a fantastic event for APO Group to be part of,” said APO Group Chairman and Founder, Nicolas Pompigne-Mognard. “Lux Afrique events highlight the success of Africans and positive developments across the continent, and we feel passionate about helping them tell these compelling stories to new audiences around the world. It is a privilege for us to be able to share in tonight’s celebrations and promote African excellence”.

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The time-tested magazine, which first edition was published in February 1930, said the world’s greatest leaders both men and women are transforming the world and inspiring others to do so in business, government, philanthropy and the arts.

“These thinkers, speakers, and doers make bold choices and take big risks- and move others to do the same”, the magazine declared.

This is the first time Fortune magazine is recognizing and including Aliko Dangote in the annual ranking. Specifically, Dangote having popped up in the magazine’s radar earned nomination after being adjudged as having used business to acquire wealth and who is now converting his wealth into impactful philanthropy through his Aliko Dangote Foundation.

The top 10 greatest men and women, according to Fortune are: Bill and Melinda Gates, Jacinda Ardem (Prime Minister, New Zealand), Robert Mueller (Special Counsel, Department of Justice), Pony Ma (Founder and CEO, Tencent), Satya Nadella (CEO, Microsoft), Greta Thunberg (Student and climate activist, Sweden), Margrethe Vestager (Commissioner for Competition, European Union), Anna Nimiriano (Editor-in-Chief, Juba Monitor), Jose Andres (Chef/Founder, World Central Kitchen), and Dough Mcmillon and Lisa Woods (CEO; Senior Director, Strategy & Design for U.S. Benefits, Walmart).

The ranking of Dangote as one of the greatest business leaders has attracted comments by eminent persons around the world who described him as worthy of the nomination going by his business acumen and philanthropic gestures.

Global business giant and founder of Bill and Melinda Gates Foundation, Mr. Bill Gate extolled the efforts of Dangote in making businesses play roles in provision of sound public health through his various interventions in health care issues especially in the fight against malnutrition and routine polio.

Gates, who himself was ranked along with Dangote, said “Aliko Dangote, through his leadership at the Aliko Dangote Foundation, is a key partner in the Polio eradication effort, strengthening routine immunisation and fighting malnutrition in Nigeria and across Africa. Aliko bridges the gap between private business and public health in a unique way and our shared belief that Nigeria will thrive when every Nigerian is able to thrive drives our partnership.”

Renowned activist and co-founder of ONE, Paul David Hewson, popularly called Mr. Bono said he was not surprised at Mr. Dangote’s feat globally, saying his vision is as big as the African continent.

Bono, a global campaigner on taking action to end extreme poverty especially in Africa said: “Aliko has a vision just the size of his continent, but with humility of somebody who has just started his first job. It’s no surprise to me that Fortune would recognise his leadership because we have seen first-hand, through his service on ONE’s Board, the benefits of his wise counsel and grace.”

Also, the popular Economic analyst, Mr. Bismark Rewane stated that “Aliko remains understated but very potent and Africa’s most successful and decorated entrepreneur. He is a global financial and managerial behemoth.”

Dangote as the Africa’s richest – worth $16.4 billion, according to Bloomberg – and the four publicly traded companies under the umbrella of his Dangote Industries now account for about a third of the value of the Nigerian stock exchange.

That wealth is based on a big bet on Nigeria’s economic independence: Dangote’s peers give him credit for helping the country become self-sufficient in the sectors in which his companies compete (cement, agriculture and mining).

The Aliko Dangote Foundation (ADF) is the Philanthropic endeavor of Aliko Dangote. The main objective of the Foundation is to reduce the number of lives lost to malnutrition and disease.

The Foundation is poised to combat Severe Acute Malnutrition (SAM) in children, as the core of its programming. It has also resolved to use its investments in health, education, and economic empowerment to help lift people out of poverty.

It would be recalled that Dangote was last year ranked among 75 most powerful persons on the planet, ahead of the Vice-President of the United States of America, Mike Pence.

Aliko Dangote has been named among most powerful persons in the world for the past five consecutive years.  According to the Forbe’s 2018 ranking of the World Powerful people, Dangote ranked among world leaders like Xi Jinping, the Chinese President, Vladimir Putin the Russian President and Donald Trump, the President of the US, all of whom were ranked first, second and third respectively.

He was the only Nigerian on the list and one of the only two Africans who made the list with the other being the Egyptian President, Abdel Fattah el-Sisi, who was ranked 45thmost powerful.

In the same vein, he was named among the 100 most influential personalities in the world in 2018 by Time Magazine, leading business broadcast organisation. The CNBC had earlier in same year ranked Dangote as one of the 25 people which have had most profound impact on business and finance worldwide.

He was rated the most influential African by Jeune Afrique in their classification of the most influential 50 Africans in 2018, and was also named the 6th most charitable person in the world in the same year according to Richtopia, a United Kingdom-based digital platform. He is, in addition, the richest African, according to Forbes.

Dangote stepped up his humanitarian activities recently spending billions of Naira to build hospitals and critical hospital equipment, the lack of which has forced Nigerians of means to seek medical attention abroad.

He also donated a N1.2 billion Business School complex to Bayero University in Kano and another one for the University of Ibadan Business School. Last month he donated 10 blocks of hall of students’ hostel that can accommodate 2,160 beds to the Ahmadu Bello University, Zaria, Kaduna state.

The business mogul has continued through the Foundation by disbursing N10 billion to vulnerable women across the 774 local governments in the country.

Dangote made a donation of $2 million to the World Food Programme as part of efforts to help Pakistani nationals devastated by floods in the year 2010.

Aliko Dangote was made the chairperson of the Presidential Committee on Flood Relief, which raised in excess of N11.35 billion, of which Dangote himself contributed N2.5 billion, an amount higher than the entire contribution from the 36 state governors in Nigeria.

So far, the Foundation has spent over N7 billion in the troubled North Eastern part of Nigeria to see that the Internally Displaced Persons as a result of the activities of insurgents, are re-integrated back to the bigger society.

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The farmers-herders clash and sporadic attacks by cattle rustlers have displaced thousands, many of whom are currently seeking refuge at Maradun Local Government Area of the State.

According to official reports over 3,000 people have been killed, about 100,000 displaced, of which about 30,000 are in Maradun LG, and over 500 people kidnapped.

Group Executive Director Government Relations and Strategic Relations Mansur Ahmed who presented the food items on behalf of the Group President Aliko Dangote said the Foundation was supporting the government and traditional leaders in meeting the needs of the IDPs.

Only recently Mr. Dangote was rated world’s 6th largest donors, and Africa’s richest person for almost a decade. His Aliko Dangote Foundation has been endowed with a staggering $1.25billion. He was also listed by Forbes Magazine among the 75 people that make the world turn.

Dangote Foundation had also injected over N7billion to create soccour in North East in the wake of the Boko Haram insurgency.

Mr. Ahmed, an Engineer, said Mr. Dangote was very disturbed about the plight of the displaced persons and quickly directed that everything possible be done to provide succor.

Mr. Ahmed said the company was building a 2000 ton capacity of rice mill in Maradun and that when completed this year it would create hundreds of job opportunities for the people of Zamfara State.

Responding, the Emir of Maradun Muhammad Garba Tambari said he was highly elated as the company is the first to intervene by providing food support for displaced persons.

He commended Mr Dangote for the gesture and promise to help secure his investment in his Emirate.

Chairman of the Maradun Local Government Alhaji Yahayah Shehu Maradun thanked the Dangote Foundation for the gesture and pray God to continue to bless the Dangote business.

Our reporter sighted trucks of food items being offloaded at the silos and at the official presentation of the relief material at the Palace of the Emir of Maradun.

Some of the items delivered include: Trucks of Semolina, sphagetti, sugar, wheatmeal and Macroni.

Victims at the IDP camp who recounted their ordeal described the crisis as the worst in the country in the past five years.

They regretted that state have been neglected by government and mainstream media.

Mrs Inno Usman, 50, from Mallamai District lost a husband to the crisis and has eight children at the IDP camp. She said five men including her husband were killed by the marauders.

Mrs Usman described the intervention of Dangote as timely, while urging other donors to emulate the the Aliko Dangote Foundation.

Another victim, Mrs Kenan Usman said her husband was also killed in a gruesome manner and that she escaped with her five children by the whiskers.

She said before the coming of Dangote Foundation they have been accommodated at the IDP camp in Maradun since November 2018, regretting that there is no date foe their return as the insurgents still hold sway in their various villages.

For Inno Aliyu Sani, 60, 21 people were killed including four women, and cows running into hundreds were stolen by the rustlers.

“We can’t go back. The killers are still there,” she said.

Abubakar Garba from Rudun village said for the past five years marauders had sacked everyone in the village but that government was doing anything address the situation until now.

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Speaking during “One to One Conversation” at the on-going 5th annual Financial Times African Summit, the Nigerian entrepreneur said the key to Africa’s economic growth and strength is in the development of the regional market, saying “Regional markets in Africa must work.”

Dangote said Africans must patronize African markets which is why the free trade agreements by African nations is the direction to go to strengthen African markets.

Citing an instance of his own experience, the president of Dangote group referred to the case of neighbouring Benin Republic where the country continues to import cement from China while his Nigerian factory is only 35 miles away from the border.

“We need to trade with ourselves”, Dangote stated as he spoke glowingly about the prospect of African economy, the free trade agreement and the availability of huge raw materials to attract investors.

Asked about when the much touted listing of Dangote cement on the London Stock Exchange, he told his audience comprising of investors, business magnates, captains of Industry and African Heads of Government which included President Akufo-Addo of Ghana and Ali Bongo of Gabon, that the listing might happened in 2019.

According to him, all hands are on deck to complete the process of listing, the development which he said is being looked towards for by the business community.

Prompted by the Editor of the Newspaper, Lionel Barber to speak about difficult markets like Tanzania and Ethiopia, Dangote dismissed the issue difficulty and re-affirmed “our aim is to always provide jobs and worth. As an African investor I don’t want any investor anywhere in Africa to have a bad experience.”

Dangote repeated his central mantra for African growth urging the reduction of exports of raw materials to other continent but create greater wealth within African economies.

Said he: “We need to continue to transform the structure of African economies”. He alluded to his company’s entry into the Ghana Sugar market, pointing that he is further expanding his sugar business to Ghana for the main reason of helping to revitalize its economy. “We are going to help Ghana grow its own sugar for the first time.”

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It is against this backdrop that various professionals such as engineers, business executives, legal practitioners, medical executives, IT experts, human resources managers, bank executives, accountants and others gathered in Victoria Island, Lagos for a three-day entrepreneurial leadership  training.

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Speaking at the training, a professor of Entrepreneurship and Management Strategy, Prof.  Olajumoke Familoni, who is the founder and Chairman of International Centre for Leadership and Entrepreneurial Development (ICLED), urged the government to reduce  interest rate for businesses to thrive.

Prof. Familoni maintained that a high interest rate would increase the cost of borrowing.

The Executive Director of Global Professor Forum in the USA and member of think tank of Global Business and International Institute, Madrid, Spain, stressed the need for flexible policies that can make private investors survive. The Don urged the government to make data available for them and updating them with new information. She stressed the need for synergies between entrepreneurs and the government.

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Speaking on the qualities entrepreneurial leaders must possess, Familoni said  they must have skills to process the risk, learn fast, change with ambiquity and use new techniques because the times are uncertain and chaotic.

Speaking further at the entrepreneurial leadership training which was organized  by ICLED in conjunction with University of Salamanca, Spain, the professor hinted that ICLED, a 15-year-old organization  collaborated with University of Salamanca, Spain for a cutting edge business training for business executives. It was the first cohort.

She added that the cohort was practical and engaging with  faculties from topnotch universities in the world such as Harvard and others.

The programme involved case studies of successful entrepreneurs such as Steve Jobs, Bill Gates, Aliko Dangote, evaluation, brainstorming, exchange of ideas and others.

Others included  a cocktail networking  session where participants shared their experiences and told their success stories in their various businesses, real life experience and how they started their businesses.

Participants at the programme who spoke with journalists expressed happiness for taking part in the training.

Branch Leader, Fidelity Bank, Mr. Chris Ibe-Lamberts and Prof. Familoni at the cocktail network session 

A Branch Leader of Fidelity Bank, Mr. Chris Ibe-Lamberts, said the training was very wonderful and rewarding.  Ibe-Lamberts said he would have ownership concept by seeing  his branch as his business and ensure that it succeeds, saying if a branch leader has an ownership concept, the business would succeed.

He added that the training would help him to excel in any leadership role he found himself in the future, saying life does not end in the bank industry.

He highlighted some of the challenges faced by entrepreneurs to include unfriendly  environment, funding, lack of experience and knowledge ,

He emphasized that entrepreneurs ought to have an understanding of what they want to do and have a knowledge   in the business they want to venture into.

On her part, Mrs Temitayo Oladejo,
Head of Human Resources and Administration of Information Connectivity Solutions Limited who highlighted  qualities of good entrepreneurial leaders,  said they must be focused, visionary, adaptive to  change,more innovative and intelligent.

She added that  entrepreneurial leaders must  be content creators, calculative risk takers,  goal getters and running the business at a profit.

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The human capital expert equally urged the government to support SMEs and encourage them in funding.

Speaking on her experience during the training, Mrs. Oladejo  noted that the methodology is unique. Adding that :”No pressure. Everybody is contributing. It is learning the same thing in different ways”.

Oladejo  said she would pass the knowledge to those working with her.

While  emphasizing the need to provide premium services for customers in order to sustain a business venture, she urged those who play managerial role not to get drunk with power but delegate more.

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The oil buyers hinted that arrangements had been put in place to import petroleum products from the world’s largest single-train refinery, situated in Lekki, Lagos State and owned by the foremost industrialist, Aliko Dangote.

Hints of the eager expectation and hopes on the Dangote Refinery were revealed at this year’s Ghanaian International Petroleum Conference (Ghipcon 2018), which was held in Accra, Ghana.

According to a statement by the Dangote group, participants at the conference as well as oil distributors and marketers from various countries were eager to know how they could key in for supplies from the 650,000-barrel-per-day refinery.

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Also, the Ghanaian government expressed the view that dealing with Dangote refinery for petroleum import would be a better business for African nations than depending on the international market for the supply of refined products, stressing that “we will rather purchase from the Dangote Refinery due to the proximity of the refinery to Ghana and other neighbours.”

President of Ghana, Nana Akufo-Addo, who was represented by Vice President Mahamud Bawumia, noted that African nations were anxiously waiting for the Dangote Refinery and were satisfied with the pace of work being carried out on the refinery.

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