Aliko Dangote

(Image Credit: Google

Date of Birth: 10 April 1957 in Nigeria

Nationality: Nigeria

Place of Residence: Lagos

Net Worth: USD$ 10.4

Source of Wealth: self-made, industry: cement, sugar, oil 

Education: BA/BSc from Al-Azhar University

Career: Founder of Dangote Group

Social Media: Twitter: @AlikoDangote

Personal Website: N/A

Political Position: Uncertain

In His Own Words:

Institutions are very, very important. Obviously nobody will go and invest in a place where there is no rule of law. (African Business)

Interactions: N/A

Electioneering:

Aliko Dangote grew rich through preferential political treatment; while Olusegun Obasanjo was president (1999 to 2007), he banned imports of cement, rice and sugar giving Dangote a near-monopoly. In return, Dangote put large sums of money into Obasanjo’s political campaign and helped him gain public support (Billionaires: Reflections on the Upper Crust).
In 2003, Aliko Dangote played a prominent role in funding Obasanjo’s re-election campaign. He gave around 2.5 million US dollars to the cause, contributing N50 million (US$0.25M) to the National Mosque under the aegis of “Friends of Obasanjo and Atiku” and N200 million (US$1M) to the Presidential Library (Africa Social Network).

Lobbying & Advocacy: N/A

Opinion Shaping: N/A

Philanthropy:

Aliko Dangote set up the Dangote Foundation as part of the Dangote Group. The Foundation is responsible for contributing over $100 million to several causes in Nigeria and Africa. The Foundation intervenes in the areas of health, education and empowerment; it is also involved in providing humanitarian aid to victims of natural disasters.

The Foundation’s activities include:

In 2012, the Bill and Melinda Gates Foundation announced that it had entered into a strategic partnership with the Dangote Foundation to eradicate polio in Nigeria. Bill Gates said that Aliko is a leading figure in bridging the gap between private business and public health. For this reason, he helped create the Nigeria Private Sector Health Alliance and advocates agricultural research and malaria control, in addition to his leadership on polio and other diseases. Gates said “… Nigeria is on pace for its lowest number of polio cases ever. Aliko is a big reason why.”
Entering another partnership, in January 2016, Aliko Dangote and Bill Gates have announced plans for a $100 million scheme to cut malnutrition in Nigeria (The Guardian).

Controversy: N/A

Further Reading:

  • Find out more about the second most powerful black man in the world on Camer.be (article in French).
  • Read more about his oil refinery