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Dangote reveals secret of business success

Aliko Dangote, Africa’s richest man, has revealed the secret of his business success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes.

“We are not going to import anything any longer,” Dangote said, in the presence of Vice-President Yemi Osinbajo, Congolese presidential hopeful Moise Katumbi, and about 300 business leaders.

He made the disclosure at the Financial Times’ 4th annual Africa Summit at Claridges in London.

“In Nigeria, we are learning how to produce the entire value chain,” Dangote added.

Dangote’s business acumen was on rare exhibition as FT editor Lionel Barber seemed impressed with the business mogul’s quick familiarity with the nuts and bolts of his businesses.

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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