Dangote bags award of ‘World 50 most influential’ people

by AljazirahNigeria | December 6, 2017 11:14 am

According to Bloomberg, Dangote has been honored for “his outstanding commitment of over 4 billion dollars to increase Nigeria’s food production capacity.

CEO of Dangote Group, Aliko Dangote, Africa’s richest person, was among the 50 most influential names honored by Bloomberg for their contribution to humanity at Bloomberg’s Annual Gala Dinner in New York.

Dubbed “the quiet billionaire” for his relatively frugal lifestyle, Dangote fast-tracked plans to help his country of 180 million people import less of what it eats.

Dangote, who made his fortune in the cement industry, is turning his attention to dairy and sugar farming; he’s earmarked $800million to buy 50,000 cattle in the hope of producing 500 million liters of milk annually by 2019.

He’s also racing to finish a 650,000-barrel-a-day oil refinery near Lagos, set to be one of the world’s biggest, and says he intends to spend as much as $50 billion in the next decade on renewable energy and petrochemical refineries, including investments in the U.S. and Europe. Which is all fine, but not quite his grand ambition: buying Arsenal, his favorite soccer team.

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