Chairman Dangote, congratulations: “Dangote Cement has emerged as the first company to achieve a market capitalization of N10 trillion on the Nigerian Exchange Group (NGX), closing trading on Monday with a market cap of N10.098 trillion.” This is simply amazing and impressive.
I have an open invitation for years now to meet Alhaji for a detailed interview. My fixation has been the institutionalization of the Dangote System and the techniques for building category-king industrialized conglomerates. I have tried to write an ebook without speaking with him, and also analyzed some of his speeches to get into what drives his business worldwide, yet, it does seem that one has to really make time to take that opportunity. The team extended the offer to have access to him. This year, I plan to make it happen because if I do it, it will be a required reading in many business schools in Africa.
Good People, one thing is clear: someone needs to make the Dangote System a science which must be studied because across many indicators, he has demonstrated that value could be created despite any paralysis in the land. He has shown that by accumulating capabilities in many ways, and deploying those in upstream areas where few can operate, one can unlock massive value in economies, and in the process transform sectors even as the rewards come in truckloads of alpha.
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Yes, as I have written, “To thrive, you must accumulate capabilities. But greatness comes when you master how to compound those capabilities”. Aliko Dangote is a zen-master of compounding capabilities and we’re witnessing everything. I congratulate him. Nigeria needs more pioneering entrepreneurs like Dangote to transform the nation. #respect
Dangote Cement Becomes the First Company to Hit N10 trillion Market Cap in NGX
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