Connect with us

News

Halima Dangote: Family-Owned Businesses driving global economic success

Published

on

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.”

Advert

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.

News

ADC Leadership Crisis: Federal High Court Adjourns Case Indefinitely   

Published

on

 

 

By Yusuf Danjuma Yunusa

 

Justice Emeka Nwite of the Federal High Court, Abuja, has again adjourned indefinitely a suit filed by a chieftain of the African Democratic Congress (ADC), Nafiu Bala Gombe, following a request by the plaintiff seeking the transfer of the case to another judge.

 

Justice Nwite adjourned the matter sine die after parties clashed over a letter written by the plaintiff to the chief judge of the Federal High Court seeking the reassignment of the suit.

 

At Friday’s proceedings, counsel for the plaintiff, Luka Haruna, informed the court that the apex court had on April 30 delivered judgment in the interlocutory appeal.

 

Haruna said the Supreme Court dismissed the appeal for lack of merit and also set aside the Court of Appeal’s order staying proceedings in the substantive suit.

 

The lawyer, however, disclosed that the plaintiff had, through a letter dated May 4, 2026, applied to the chief judge of the Federal High Court for the transfer of the case to another judge.

 

He said the letter had already been transmitted to the court registrar and urged Justice Nwite to await the administrative decision of the chief judge.

Advert

 

The request immediately drew strong opposition from the defence team, which accused the plaintiff of attempting to frustrate the accelerated hearing earlier ordered by the Court of Appeal and upheld by the Supreme Court.

 

Counsel for the first defendant, Realwan Okpanachi, who held brief for Shuaibu Aruwa, argued that the plaintiff had misrepresented the outcome of the Supreme Court judgment.

 

According to him, the apex court partially allowed the appeal and specifically upheld the appellate court’s order directing accelerated hearing of the case.

 

Okpanachi further faulted the plaintiff for allegedly ambushing the defendants with the transfer request.

 

He added that they consider it an attempt to frustrate the order of accelerated hearing granted by the Court of Appeal and upheld by the Supreme Court.

 

The senior lawyer maintained that litigants were not permitted to choose courts or judges to determine their cases.

 

He, however, urged the court to maintain the earlier order adjourning the matter sine die pending the filing of the certified true copy of the Supreme Court judgment.

 

Counsel for the second defendant, Sulaiman Usman, also condemned the plaintiff’s move, describing it as “forum shopping and judge shopping”.

 

Usman told the court that the Supreme Court had commended Justice Nwite “in glowing terms” over his handling of the proceedings.

 

Responding, Haruna faulted the defence for attacking a letter they had not seen, insisting that the plaintiff stood by its application.

 

Justice Nwite subsequently held that the court could not take any decision on the letter without hearing all parties.

 

“Taking a decision or any action in such a letter without hearing from the defendants will amount to a breach of their fundamental right in this suit,” the judge ruled.

 

He added that since the letter was addressed to the chief judge, the trial court could not make any pronouncement on it.

 

“This matter is best adjourned sine die to afford the parties the opportunity to properly file a Certified True Copy of the judgment of the Supreme Court in the interlocutory appeal in the suit, to serve the defendants with the letter addressed to the Honourable Chief Judge, and finally to await further or any directive from the Chief Judge of the Federal High Court,” Justice Nwite said.

 

The matter was thereafter adjourned indefinitely.

Continue Reading

News

WAEC Opens Registration for 2026 WASSCE for Private Candidates 

Published

on

 

 

 

By Yusuf Danjuma Yunusa

 

 

The West African Examinations Council, Nigeria, has announced the commencement of registration for the 2026 West African Senior School Certificate Examination for Private Candidates, Second Series.

Advert

 

WAEC, in an announcement on its X handle on Friday, said, “Registration opened on Sunday, May 4, 2026, and will close on Thursday, July 31, 2026.”

 

It added that the examination will be conducted entirely as a Computer-Based Examination.

 

The registration fee is set at ₦37,000.

 

Candidates are advised to visit the nearest WAEC office in their state to confirm available examination towns before completing their registration.

 

WAEC encouraged prospective candidates to register early to avoid a last-minute rush and to take full advantage of the computer-based format.

 

The WASSCE for Private Candidates (Second Series) is a special annual examination organised by WAEC for individuals who are not in regular secondary schools, allowing them to register and sit for the examination independently to obtain the certificate.

Continue Reading

News

NSA Nuhu Ribadu Meets JD Vance to Bolster US-Nigeria Counterterrorism

Published

on

 

 

By Yusuf Danjuma Yunusa

 

Nuhu Ribadu, national security adviser (NSA), recently met with JD Vance, vice-president of the United States; and Marco Rubio, US secretary of state; over counterterrorism cooperation in West Africa.

 

In a post on X, Secure Nigeria, a social media platform focused on security issues, stated that the meeting reinforced the partnership between Nigeria and the US in combating terrorism across the region.

Advert

 

The post added that President Bola Tinubu appreciates the partnership and continued support of the US government under President Donald Trump.

 

“@officialABAT is grateful for @realDonaldTrump’s partnership and continued U.S. training and intelligence support as Nigerian forces intensify operations to dismantle terrorist networks, protect Nigerian Christians, and defend all vulnerable communities,” the post reads.

 

“Africa’s largest democracy isn’t wavering. Nigeria stands as a frontline U.S. partner against ISIS, Boko Haram, and rising terror threats across the Sahel.”

 

The platform said both countries remain committed to defeating terrorism and strengthening regional security cooperation.

 

“This fight is winnable, and together, the U.S. and Nigeria intend to finish it,” the post added.

Continue Reading

Trending