Aliko Dangote 3.0 begins: “Aliko Dangote has officially stepped down as Chairman and Director of Dangote Cement Plc, marking a significant shift in the leadership structure of the company he built into Africa’s largest cement producer. The decision, announced in a statement released Friday, takes immediate effect and signals what analysts describe as another bold move by the billionaire to sustain his legacy while sharpening the conglomerate’s focus on its most critical frontier — oil and gas. Mr Emmanuel Ikazoboh, an Independent Non-Executive Director, has been named the new Chairman of the Board, succeeding Dangote.”
That 3.0 will focus on expanding his diversified conglomerate with oil & gas at the heart of it. With a potential deep seaport loading, the Dangote seaport will disintermediate not just other ports in Nigeria but also the Port of Lome in Togo. Yes, he will run his seaport end-to-end that no other port will have a chance.
Why? You load in Germany or China, and want the items delivered to a warehouse in Onitsha or Kano or Ibadan, Dangote deep seaport will link to Dangote trucks to make that happen. In other words, they will deliver to your doorsteps! That is an asymmetric advantage in Nigeria.
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From my point of view, Aliko Dangote has undergone three phases as a businessman.
- Dangote 1.0: The 1970s mercantilist trader who was buying and selling cotton and other commodities.
- Dangote 2.0: The 1990s cement magnate and industrialized conglomerate builder
- Dangote 3.0: The 2020s oil and gas generation-shaping businessman building the most advanced oil and gas empire in continental Africa.
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