Dangote targets $30billion in revenue, lauds FG on agriculture revolution

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Aliko Dangote

Aliko Dangote President of Dangote Group, Aliko Dangote has projected a turnover of $30 billion for his businesses in the next two years. He said though the company’s annual turnover is about $4 billion now, but with the completion and running of the refinery, fertilizer, petrochemicals and other businesses, the company’s turnover should be in the region of $30 billion in the next two years. Speaking with select media last week, Dangote also lauded the federal government’s efforts in the agricultural sector. He said the government’s serious focus on the sector will boost the GDP and also mean less reliance on the oil sector for growth and development.

 He said: “We have massive arable land, we have water, we have the right climate, so the population growth does not really make me nervous… So, I think the government is doing very well by focusing more on the agricultural sector…we just have to tilt towards Agriculture and manufacturing as against our oil reliant economy” He also praised the government’s drive in getting more revenue from taxes, noting that the restructuring of the nation’s tax system will generate more revenue for the government.

 According to him “60 per cent of the government revenue is coming from oil but the government is doing quite a lot to diversify the economy by even trying to restructure the tax system because we need to make more money from taxes because as it is now, the taxes generation in Nigeria is a bit low but the government is on the right track with these innovations” While expressing optimism that Nigeria will be certified a polio free nation by April, he lauded the collaboration between Aliko Dangote Foundation and Bill and Melinda Gates foundation on polio eradication in the country. He said: “…We have done quite a lot. The progress has been very tremendous in the last three years, we haven’t really had any wild virus of polio and by April, we will be certified to be polio free country, which means the entire, African continent will be polio free.” It would be recalled that Dangote, was recently said to be $4.3 billion richer in 2019 with his business investments in cement, flour and sugar. According to the Bloomberg Billionaires Index, the 62-year-old businessman ended the year with a net worth of almost $15 billion, making him the 96th wealthiest man in the world at the end of 2019. Dangote holds significant stake in Dangote Cement, Dangote Sugar, Nascon Allied Industries, Dangote Flour Mills among many others. Dangote incorporated his own business selling cement at 21 and begun cement manufacturing in the 1990s. He has a crude oil refinery currently valued at $12 billion oil refinery under construction. The refinery, which would be single largest in the world upon completion, has the capacity to meet more than Nigeria’s entire fuel consumption.

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PROFILE OF IKECHUKWU ANYANWU Ikechukwu Anyanwu is an Imo State born Nigerian. An Author, Public Speaker, Humanitarian, Blogger, Media Guru and Start-up Coach. He has inspired millions through Arise Africa Network Platform He Is Into Education, Media, Entertainment, Showbiz and Hospitality Industry. Having calved a nitche for himself as a leadership expert, human capital development and management consultant. He is currently the Chairman, Online Media practitioners Association of Nigeria, Imo State Chapter. Ceo Arise Africa Magazine, Founder Arise Africa Network – a non-profit organization. Face of Arise Africa, Managing Consultant GCFN Consult. Member, Imo State Bloggers Association. Ag National President, Association of Pageant CEO’s of Nigeria Human Resource Specialist and Leadership Coach with astute impact on many seeking to maximize their skills, intellectuals and innate potentials He has a track record of reproducing leaders and helping them to gain dominance within their nitch. Mr Anyanwu after a rich career that spanned for 18 years having worked as Human Resources Manger, Outlet Manager Rennys Foods Limited from 2004 – 2019, Management Consultant for various Quick Service Restaurants in Abuja, Enugu, Rivers State, Abia, Ebonyi, Kogi and Imo State is now focusing on helping young people to discover, develop their talents. He has built lots of platforms for young people of Africa to express their talents. He is passionate about writing, consulting, coaching and training. He blogs regularly via www.ariseafrika.com and has a thriving social media followership. He is a graduate of Sociology/Anthropology, Imo State University whose passion is to impart knowledge by educating, equipping and empowering young minds for the future. He is an alumni of Living Word Training Center He is also the West African Representative of All African Media Networks He is married to Mrs Carol Anyanwu and blessed with 3 sons.

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