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Halima Dangote: Family-Owned Businesses driving global economic success

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Family-owned businesses (FOBs) can continue to drive economic success, create value for shareholders, and positively impact their communities worldwide by staying true to their core values and adopting strategic practices that prioritise long-term growth, efficiency, and resilience. This was part of the submission made by Halima Aliko-Dangote, Group Executive Director of Dangote Industries Limited, during the Forbes Global CEO Conference in Bangkok, Thailand.

Halima, who is also the Executive Director, Family Office, spoke at the panel session on Family Business: Looking at the Next Frontier, opined that family-owned businesses have demonstrated exceptional resilience, navigating challenges and thriving over multiple decades.  Other speakers include Carolyn Choo, Managing Director and CEO of Worldwide Hotels; Rose Damen, Managing Director of Damen Yachting, third-generation family shareholder of Damen Shipyards Group; and Caroline Link, Co-Chairman of B.GRIMM Pharma, President of B. Grimm Joint Venture, and Board Member of B. Grimm Power.

She stated that  success in family-owned businesses starts with shared values, goals, governance policies and alignment adding that reputation is part of Family Capital. According to her, governance structure, adherence to core values, customer satisfaction, optimization of shareholder value, meritocracy, integrity, leadership, brand equity, diversification/growth, philanthropy and preserving generational wealth play key roles to the success of our businesses.

She opined that Dangote Group’s governance policies do not allow board and management to operate in silos as each business unit have at least three independent directors that will give a holistic view.

Speaking on other factors of success for Dangote Group, Halima emphasized, “We family-owned businesses have to stick to our tradition of asset rich-cash moderate or as my father will correct me, asset rich-cash poor. We as Dangote perpetuate a profitable business with strong values and strong governance structure. We make money while building our nation by contributing heavily to the global economy, creating massive jobs, thinking of our great grand kids and contributing  excessively to humanity.”

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Highlighting the significant contribution of FOBs to the global economy, Halima noted that studies by Mckinsey showed  that they account for more than 70% of global GDP, generate annual turnovers of between $60 trillion and $70 trillion, and provide around 60% of global employment. She stressed the crucial role these businesses play in creating jobs, sustaining communities, and driving development in sectors such as manufacturing, education, healthcare, and infrastructure across the world.

“Family-owned businesses (FOBs) have proven to be resilient, weathering challenges and thriving across multiple decades. Despite facing external pressures, many FOBs not only survive but also grow, contributing significantly to the global economy in ways that are often underestimated or overlooked,” she said.

She also pointed out that family-owned businesses often employ two key approaches in preparing the next generation for leadership roles: internal and external capacity building. Regarding internal capacity building, Halima explained that many families create internship programmes for young family members interested in taking over the business or assuming leadership positions.

In Nigeria, we  train the next generation so they can grow organically  to  leadership roles in family businesses. My dad’s approach is for you to start from ground up knowing you will get to leadership role if you work hard and do your job right. These experiences  make it easier for you to learn the ropes and be prepared for leadership role in the future,” she said.

On external capacity building, Halima discussed the practice of sending younger generations to work in non-family businesses. This approach enables them to acquire new skills, learn better processes, and gain diverse perspectives that can benefit the family business in the long run adding that she started her career as an Analyst at KPMG before joining Dangote Industries Limited.

The approach she explained “removes the familiarity tag as the young generation got employed as other people and supervised to monitor their performance. This has been a common avenue business families have chosen to pursue for many years, having their next generation spend three to five years working outside the family business before eventually joining with a new set of skills and business knowledge.”

Addressing the challenges of succession planning, Halima emphasised the importance of involving the younger generation in the business early on. She suggested that this creates a space for open communication, where the next generation can share their thoughts, ideas, and aspirations, while the senior generation provides critical information to help the next leaders make informed decisions.

She stressed the need for a balance between tradition and innovation in family-owned businesses. While tradition provides continuity and stability, she noted that innovation is vital to staying relevant and competitive in the modern marketplace.

“Successful family businesses recognise the need to adapt to changing consumer preferences, technological advancements, and market trends. Family businesses often have a wealth of experience and deep-rooted traditions. They can also benefit from external expertise and fresh perspectives,” she concluded.

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Sallah Thanksgiving: NUJ President Commends Kano Correspondents’ Chapel For Fostering Love, Unity Among Journalists

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The National President of the Nigeria Union of Journalists (NUJ),
Comrade Alhassan Yahya, has commended the leadership of Kano Correspondents’ Chapel, NUJ, for providing platforms and occasions that foster love, unity and progress among journalists.

Comrade Yahya stated this at Kano Press Centre, on Sunday, during the 2026 Eid-El-Fitr Sallah Celebrations, Thanksgiving And Special Prayers Ceremony, organized by Kano Correspondents’ Chapel, NUJ, to appreciate God for the successful month long Ramadan fasting period and the Eid-El-Fitr Sallah celebrations.

The NUJ National President used the occasion to urge journalists to reflect on the true meaning of the occasion and promote unity, peace, and tolerance, among themselves, in the course of their profession.

Represented by former chairman of Kano NUJ and a member of NUJ National Board of Trustees, Comrade Abbas Ibrahim, the NUJ National President, who said he has been impressed over the activities of Kano NUJ Correspondents’ Chapel, within the last one year, under the leadership of Comrade Murtala Adewale, emphasized the importance of compassion, unity, and addressing national challenges, particularly food security and insecurity.

Comrade Alhassan Yahya urged other NUJ chapels to draw inspiration from Kano Correspondents’ Chapel’s unity and camaraderie, highlighting their event as a model for promoting peace and solidarity among journalists.

He encouraged other chapels to organize similar events, fostering a sense of community and cooperation, which is essential for the growth and development of the journalism profession.

In his remarks, chairman of the occasion, a Professor of Communication in Bayero University, Kano (BUK), Prof. Yakubu Mai Nasara Kurfi, described the event as not only inspiring, but heart-warming, while urging the Kano Correspondents’ Chapel leadership to sustain the tempo.

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Prof. Mai Nasara Kurfi congratulated the Kano Correspondents’ Chapel executive members for their foresight to organize the event, and promised to borrow a leaf from them as he planned to introduce such occasion in the Faculty of Communication, BUK.

The Professor of Communication also used the occasion to canvass for collaboration and synergy among the NUJ, working journalists and the Faculty of Communication, BUK, so as to ensure training and re-training of both working journalists and student journalists for enhancement of the journalism profession.

The chairman of NUJ in Kano state, Comrade Suleiman Abdullahi Dederi, who was represented by the Vice Chairman, Comrade Mustapha Gambo, noted that the event was not only a Thanksgiving for the successful Ramadan and celebration of the Eid El Fitr, but a symbol of unity and togetherness among members of Kano Correspondents’ Chapel, and the larger Kano NUJ family.

“This even is so special because some of the prominent scholars and practitioners in the media are here. I want to thank and commend the leadership of the Kano Correspondents’ Chapel for organizing this event,” he said.

In his speech, chairman of NUJ Kano Correspondents’ Chapel, Comrade Murtala Adewale, described the event as not just a celebration, but a moment to reflect on Allah’s countless mercies—granting us the strength, patience, and opportunity to observe the holy month.

According to him: “Ramadan has been a period of spiritual renewal, sacrifice, and discipline. It has reminded us of the importance of empathy, humility, and self-restraint. As journalists, these values resonate deeply with our professional responsibilities—to be fair, truthful, and guided by integrity in all that we do.

“This gathering also serves as an avenue to strengthen our unity as members of the Chapel. In the midst of our demanding schedules and the pressures of the profession, moments like this allow us to reconnect, share, and reinforce the bond that holds us together.”

He encouraged all imbibe the lessons of Ramadan, and continue to embody patience, kindness, and responsibility, “in our daily lives and in our reportage. Our society looks up to us, and we must remain committed to promoting peace, truth, and understanding.

“I sincerely appreciate all our invited guests and well-wishers who have joined us today. Your presence is a testament to the strong relationships we have built over time, and we do not take it for granted. As we share this special breakfast, let us also remember those who are less privileged and continue to extend a helping hand, as taught during the holy month.”

The event was designed as a special Thanksgiving feast to appreciate Almighty Allah for His mercies and offer prayers for peace and progress, after a 30-day spiritual rejuvenation in the fasting month of Ramadan.

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Breaking: Kwankwaso Resigns from NNPP

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Former Governor of Kano State and 2023 Presidential Candidate of the New Nigeria People’s Party (NNPP), Senator Rabiu Musa Kwankwaso, has announced his resignation from the party. The declaration was made through a statement posted on his verified Facebook page earlier today.

Kwankwaso, who served as the NNPP’s National Leader and spearheaded its presidential campaign in the 2023 general elections, described the decision as “not an easy one.” He explained that his departure was driven by the need for “strategic realignment” in Nigeria’s evolving political landscape.

“Considering the current trajectory of the nation’s political landscape, which calls for strategic realignment, I have found it necessary to identify with another political platform that offers the best opportunity to effectively change the nation,” Kwankwaso stated.

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In his resignation letter, Kwankwaso expressed gratitude to the NNPP’s leadership, including National Chairman Ajuji Ahmed, the National Working Committee, Board of Trustees, and members across all levels of the party. He also acknowledged the unwavering support of the Kwankwasiyya Movement, his loyal political base, pledging continued collaboration toward building “a better and more prosperous future for our dear nation.”

Kwankwaso’s exit marks a significant moment for the NNPP, which rose to prominence under his leadership and made notable gains in the 2023 elections. His next political move is expected to reshape alignments ahead of the 2027 general elections, though he has yet to disclose the platform he intends to join.

Political analysts suggest that Kwankwaso’s resignation could trigger a wave of defections within the NNPP, particularly among members of the Kwankwasiyya Movement, who have historically followed his political trajectory.

 

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Northern Youth Group Backs Doguwa for Kano APC Leadership, Urges National Role

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The Northern Youths Merger Groups under the All Progressives Congress (APC) has congratulated Hon. Umar Haruna Doguwa on his election as the APC State Chairman in Kano.

In a statement, the group’s National Coordinator, Hon. Musa Mujahid Zaitawa, described Doguwa as a hardworking and experienced politician capable of leading the party to victory.

The group highlighted Doguwa’s track record, noting his four-time leadership of political parties in Kano, as well as his service in two commissioner roles. According to the group, his vast experience will significantly contribute to the success of the APC.

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The Northern Youths Merger Groups also called on APC stakeholders to nominate and support Doguwa for appointment as Chairman of the APC States Chairmen Forum, which comprises representatives from all 36 states and the Federal Capital Territory.

They expressed confidence that such an appointment would strengthen efforts toward securing victory for President Bola Ahmed Tinubu and the APC in the 2027 general elections, particularly in the North-West region.

The group further noted that the North-West zone is expected to deliver massive votes in the 2027 elections, describing it as one of the APC’s strongest strongholds with seven sitting governors.

They emphasized that Doguwa’s leadership, experience, and political influence would play a crucial role in ensuring the party’s success in both the presidential and gubernatorial elections.

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