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Forbes 2023 Index: Dangote Still Africa’s Richest for 12th Consecutive Year  

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Aliko Dangote

 

…Listed among world’s top 200 richest persons

For the 12th year consecutively, Aliko Dangote, President of the pan-African Conglomerate, the Dangote Group has emerged the richest man in Africa, despite economic headwinds that affected the fortunes of half of the world’s reported billionaires.

Dangote, whose business flagship, Dangote Cement Plc is the largest producer of cement in Africa, is the only Nigerian in the list of first 200 richest men in the world with an estimated net worth of $14.2 billion, up from last year’s $12.1 billion.

Forbes, in its latest ranking of world billionaires for 2023 reported that falling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people.

Dangote, presently ranked 124th among the world’s richest billionaires, is the only Nigerian in the top 200 world billionaires and one of the two Africans within that bracket; with South Africa’s Johann Rupert, who deals in luxury goods ranked 157th with a net worth of $11.1 billion.

The Africa’s richest man founded and chairs Dangote Cement, the continent’s largest cement producer. Dangote Cement has production capacity of 51.6 million tonnes per year across ten countries in Sub-Saharan Africa, with integrated factories in seven countries, a clinker grinding plant in Cameroon, and import and distribution facilities in Ghana and Sierra Leone.

Dangote also owns stakes in publicly traded Dangote Salt (NASCON) and Dangote Sugar manufacturing companies. His Dangote Petroleum Refinery, touted to be the world’s largest single-train refinery, was recently commissioned and is expected to process 650,000 bpd of petroleum for domestic consumption and export; in what experts have described as a game changer in the oil and gas sector.

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The foremost philanthropist had earlier been rated 11th of the 50 World’ Greatest men and women of all time by the Fortune Magazine, an American multinational business magazine which premised the ranking of the world’s greatest mainly on the businesses run by the men and how they have used it to impact their society positively.

The time-tested magazine, which first edition was published in February 1930, said the world’s greatest men and women are transforming the world and inspiring others to do so in business, government, philanthropy and the arts. “These thinkers, speakers, and doers make bold choices and take big risks- and move others to do the same”, the magazine declared.

Specifically, Dangote earned nomination after being adjudged as having used his business to acquire wealth and is now converting his wealth into impactful philanthropy through his Aliko Dangote Foundation.

The top 10 greatest men and women, according to Fortune Magazine are: Bill and Melinda Gates, Jacinda Ardem, Robert Mueller, Pony Ma, Satya Nadella, Greta Thunberg, Margrethe Vestager, Anna Nimiriano, Jose Andres, and Dough Mcmillon and Lisa Woods.

 

The ranking of Dangote as one of the greatest business leaders had attracted comments by eminent persons around the world who described him as worthy of the nomination going by his business acumen and philanthropic gestures.

On the billionaires ranking for 2023, Forbes, the global media company said nearly half the world richest list are poorer than a year ago, including Elon Musk with net worth of $180b, falling from No. 1 to No. 2 after his pricey acquisition of Twitter helped sink Tesla, his multinational automotive and clean energy company.

Benard Arnault, the 74-year old French, who is the head of luxury goods giant LVMH, was ranked number one richest man in the world with a net worth of $211b, the very first time a France national will top the list.

Forbes reported that the party is over for many of the world’s richest people. For the second straight year, both the number of billionaires around the globe has declined from 2,668 in 2022 to 2,640 in 2023 and total billionaire wealth has dropped, too – down by $500 billion, to $12.2 trillion – as turbulent times have hit both public and private markets.

Nearly half the planet’s billionaires are poorer than they were a year ago. A total of 254 people have lost their billionaire status altogether yet others recorded gains.

Overall, the United States still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion. China (including Hong Kong and Macau) remains second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion. To calculate net worths, Forbes used stock prices and exchange rates from March 10, 2023.

 

 

 

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RFI Tasks Media on Reporting Women, Children, and Minors

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Radio France Internationale (RFI) has urged journalists to broaden their coverage to include issues affecting women, children, and minors, as part of its Hausa Service programme Rayuwata. The head of RFI Hausa Service, Joe Penny, made this call while addressing journalists in Kano during preparations for the upcoming Rayuwata event. Penny emphasized that the programme this year will spotlight personal stories shared by women and children, underscoring the importance of amplifying their voices.

According to Penny, RFI, headquartered in France with 17 language services, operates its Hausa Service from Lagos. He noted that the station has successfully reached millions of people through social media, particularly Facebook, where it boasts 2.3 million followers. He explained that the decision to host the event in Kano was deliberate, given the city’s role as a cultural and economic hub in northern Nigeria.

Penny further stated that RFI’s outlets have traditionally focused on politics and security-related attacks, but the organisation is now expanding coverage to other aspects of life. “Last year, we partnered on sports and signed a memorandum of understanding with Kano pillars football club . This year, we are focusing on women and children,” he said. He added that the programme will feature videos designed to spark conversations and highlight pressing social issues.

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The Hausa Service head also revealed that the event will celebrate achievements in Kannywood, the Hausa-language film industry. “We have a series on Kannywood where we interview actors. It provides a service beyond us and a larger one. This is the first time we are doing this event in Kano, and there are new ways of engaging our audience,” Penny explained.

He stressed that public feedback would be crucial in shaping the festival, which he described as being in the public interest.

Highlighting the programme’s history, Penny noted that Rayuwata has been running for five years, consistently focusing on children and minors. He reiterated that the initiative seeks to celebrate, encourage, and educate, while also drawing government attention to the needs of vulnerable groups.

On his part, veteran broadcaster and co-anchor of Rayuwata, Muhammad Musa Muhammad Inya, emphasized RFI’s global reach and its commitment to ensuring Kano is not left behind.

He disclosed that RFI will collaborate with five local radio stations this year to strengthen community engagement. “We are helping those that are not privileged, especially fatherless children. We come to educate the government on the importance of children and the less privileged,” Inya said.

The upcoming Rayuwata festival in Kano is expected to serve as a platform for dialogue, cultural celebration, and advocacy, reinforcing RFI’s mission to expand media coverage beyond politics and security to include the everyday realities of women, children, and minors.

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Ex-IG Alkali Withdraws from Yobe APC Governorship Race

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By Yusuf Danjuma Yunusa

Former Inspector-General of Police, Usman Alkali Baba (retd.), has withdrawn from the 2027 Yobe State governorship race on the platform of the All Progressives Congress.

Baba announced his withdrawal in a statement made available to Newsmen on Wednesday, saying the decision followed extensive consultations with political stakeholders and associates across the state and beyond.

The former police chief said the move was taken in the interest of party unity, stability and progress ahead of the APC governorship primaries.

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‎He stated, “After due consultations and exhaustive meetings with the Vice-President, Federal Republic of Nigeria Senator Kashim Shettima, the Executive Governors of Yobe and Borno states, elders and political associates, as well as some very critical stakeholders across the seventeen Local Government Areas, I have decided to withdraw my aspiration for the governorship ticket ahead of the 2027 general elections.”

Baba described the decision as a difficult but necessary sacrifice for the unity of the ruling party in Yobe State.

‎“The decision was not arrived at easily; it is voluntary but an obvious sacrifice we must make in the interest of party unity, stability and progress of our dear state,” he said.

He urged his supporters to remain calm and continue supporting the APC and whoever emerges as the party’s governorship candidate.

‎“Having made this decision, we urge our teeming supporters to remain calm, law-abiding and continue to support our great party, the APC, as well as the eventual gubernatorial candidate,” Baba added.

‎The retired IGP also reaffirmed his commitment to the development of Yobe State despite stepping down from the race.

His withdrawal comes less than 24 hours after another APC governorship aspirant, Alhaji Lawan Kolo Geidam, also exited the contest.

The remaining aspirants include Senator Ibrahim Muhammed Bomai, Mustapha Yunusa Maihaja, Bashir Sheriff Machina and Kashim Musa Tumsah.

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Wike Throws Jab at Makinde, Says Alliance with APM Unknown to INEC

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By Yusuf Danjuma Yunusa

Minister of Federal Capital Territory, Nyesom Wike, has described the alliance between Oyo State Governor, Seyi Makinde-backed Peoples Democratic Party (PDP) and the Allied Peoples Movement (APM) as fraudulent.

“When I say people are fraudulent, they thought I was joking. And that’s the 419 we are talking about,” said Mr Wike during an inspection of ongoing road projects in Abuja on Thursday.

Mr Makinde earlier declared his interest to contest the 2027 presidency after signing a Memorandum of Understanding with the APM to be its standard bearer.

“I, Oluseyi Abiodun Makinde, Excellency, announce my candidacy for the position of the President of the Federal Republic of Nigeria,” the governor stated.

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According to the agreement, candidates of the Turaki-led PDP faction in Oyo State loyal to Mr Makinde who are contesting governorship, Senate, House of Representatives and state assembly seats are expected to run on the platform of the APM rather than the PDP in the 2027 elections.

However, Mr Wike said the alliance was unknown to the Independent National Electoral Commission and his faction of the PDP.

He added, “There’s no alliance between PDP and Allied Peoples Movement (APM) or any other political party, as the case may be. INEC also knows that there’s nothing called PDP-APM alliance.”

Noting that the ongoing political activities within the PDP, including the screening of aspirants, clearly showed that the party remained independent and had not entered into any coalition arrangement, the minister accused Mr Makinde of pursuing his personal presidential ambition through the APM platform.

“PDP has presented a presidential candidate and watch out who will be submitted to INEC and see whether there’s anything called PDP-APM.

“What you have is Seyi Makinde joining APM to be able to actualise his presidential ambition, which is already dead on arrival,” Mr Wike said.

The PDP has been embroiled in leadership crisis stirring yet to be resolved court cases.

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