Billionaire and Africa’s leading business mogul, Aliko Dangote celebrated his 6oth birthday yesterday.
Marking the event the billionaire shared his new plan of registering all his businesses on the Nigerian stock exchange(NSE). The idea is to open up doors for hundreds of shareholders. Moreover he wants a business that will not fold when he is gone.
“We will list every single company that we create between now and the end of my life. But the companies will continue obviously,”
As always, he says investing in his home country is one of the best decisions he has made in his business career. Dangote has partnered with the Nigerian government on several occasions in the bid to diversify and improve the economy.
He has helped in areas of employment, health and education. In the past year Aliko Dangote made series of investments across Africa but mostly in Nigeria. It is his desire to contribute his quota in getting Nigeria out of recession.
Regardless of his losses last year, the chronic philanthropist has not held back any plan that will help his home country. On his birthday, he promised to make all Nigerians a part of his wealth.
Moving into the stock market, Dangote group is getting ready to have about 3 million shareholders.
In an interview with journalists at the Nigerian Stock Exchange in Lagos, he said this:
“We pray that very soon, we will start having our AGMs (Annual General Meeting) in stadiums and not in hotels. And that means that we will create something like about two to three million shareholders and I am sure everybody will be happy.”
“What we are building today is more than 100 times bigger than where we are. That is the trajectory that we are seeing in the next 10 years.”
“We will take charge of diversifying the economy of Nigeria, most especially working with the government as partners to make sure that we diversify the economy and to spread prosperity to Nigerians. I think I have to continue now to dedicate the rest of my life to making sure that the prosperity is spread all over.”
Dangote believes that it is expected that he gives back to the people and the society that made him an internationally recognized billionaire.
“When you have made it in life, you must give back to those who made you.”
At the moment, 4 of his companies-Dangote Cement, Dangote Sugar Refinery, Dangote Flour Mills and Nascon Allied Industries- are all listed on the Nigerian Stock Exchange (NSE).
Summatively these companies accounted for N2.923 trillion at the close of the stock market yesterday.
This means that Dangote has taken up one-third of the N8.87 trillion total market capitalization of quoted equities. Dangote Cement which is the largest listed company on NSE has a market value of N2.805 trillion.
At 60 Aliko Dangote has achieved much more than a host of his mates in the business world. He hopes to be the greatest industrialist Africa has ever seen.
“After my death, I want to be remembered as Africa’s greatest industrialist.”