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Buhari lauds Dangote’s entrepreneurial acumen, enjoins Nigerians in business to emulate him

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President of Dangote Group, Aliko Dangote, presenting a gift to President Muhammadu Buhari, during a courtesy visit by the Management and Board of Dangote Industries Limited (DIL), to the Presidential Villa, in Abuja on Friday

 

 

 

President Muhammadu Buhari on Friday in Abuja lauded the entrepreneurial spirit and doggedness of the President of Dangote Industries Limited (DIL), Aliko Dangote and urged Nigerians in business to emulate this iconic figure, to enable the country witness real economic growth and development.

 

While receiving the President of DIL and Board members of Dangote Group at the Presidential Villa, Abuja, President Buhari thanked the Management and Board of Dangote Group for the courage and foresight in embarking on mega investment projects “…which will have enduring benefits to generations of Nigerians. I have no doubt that such bold decisions can only be conceived by a mindset which transcends conventional commercial viability considerations.

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“Entrepreneurs such as Alhaji Aliko Dangote are unique gifts to their societies and the institutions they build, and they often become the pillars of stable enduring prosperous economies,” Buhari added.

 

To this end, the President said: “I therefore urge other Nigerians in the business sector to emulate this iconic entrepreneur by investing in such enterprises that will in time become worthy legacies as national assets, which will continue to benefit their people for generation after generation, creating firm anchors of enduring prosperity for their citizens.”

 

While further commending Aliko Dangote and his team for investing in areas that bring the highest benefits to Nigerians, the President said: “I recall, with great pleasure, my visit to the Dangote Free Zone just about four weeks ago, to commission the Group’s new 3 million metric tonnes fertiliser plant. Let me, once again, congratulate you and your Board for a very successful commissioning ceremony.

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“As I said at that event, the coming on stream of this plant was a huge opportunity to ramp up the productivity of our agricultural sector. It is, therefore, a most welcome booster to our government’s strategy for achieving food security and reducing poverty. Given recent developments globally, especially the effect of the ongoing war in Europe on world-wide food supply chain, I must commend your foresight for bringing the plant into operation at the time you did.

 

“I note that market realities will bring pressure to bear on Dangote Fertiliser Limited in seeking to meet the demands of your export customers. However, given your group’s well known patriotic vision, I am confident that your Board will continue to accord priority to meeting local demands of our farmers,” the President noted.

 

President Buhari also commended the Dangote Group for extending investments to other African countries, while highlighting the vision behind the refinery. “Mr. Chairman, I must specially commend you and your Board for the development of the Dangote Refinery and Petrochemical complex. I had a good view of this incredible city of steel and concrete when my helicopter circled over it during my visit for the commissioning of the Fertiliser plant”, he said.

 

In his remarks, the President of Dangote Group, Aliko Dangote said the Board was at the State House to express profound appreciation to the President for the great honour to the Dangote Group when he commissioned the new 3m MTPD Fertiliser plant, which was the latest subsidiary company of the Dangote Industries Limited.

 

“We also seize the opportunity to reiterate our immense gratitude for the sustained effort of your administration through various policy initiatives aimed at progressively improving the business environment and investment climate, despite some unprecedented challenges our economy has been confronted with over the past decade.

 

“We are also deeply grateful for your direct interventions at various times when our operations were challenged by some unintended consequences of economic policy positions. Your interventions have not only helped to resolve business challenges but have been a source of great encouragement in our determination to continue to invest in our economy for the benefit of our country and our people,” he noted.

 

Dangote said the Board looks forward to the return of President Buhari to commission the Oil Refineries and Petrochemicals project, which will transform the Nigerian economy. “Through the outputs of our various businesses, our Group is proud to be making significant contributions to the diversification and growth of our nation’s economy, which is second only to Federal Government in the size of our workforce,” he added.

 

The leader of the Dangote Group said with more investments in agriculture and Oil and Gas sectors, greater impact would be made on the economy. Dangote also submitted that the group of industries would always hold on to the President’s mantra on the economy to “produce what we consume and consume what we produce.”

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KILAF24:Bayero University to Establish Centre for Archiving and Preserving Indigenous Films

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Bayero University Kano (BUK) is set to establish a Centre for Archiving and Preserving Films, with a particular focus on Kannywood productions. The announcement was made during the Kano Indigenous Languages of Africa Film Market and Festival (KILAF24) conference, themed “Forging Cultural Identities in a Multicultural Africa: The Role of Indigenous Language Films.”

 

The conference is holding at the Department of theatre arts faculty of communications Bayero University Kano.

Professor Sageer Adamu Abbas, the Vice Chancellor of BUK, represented by Professor Dambatta, made the announcement during the conference. He highlighted the significance of the KILAF24 conference as a platform to discuss critical issues. “This provides us with another opportunity to discuss critical issues. As usual, KILAF24 is in African languages,” said Abbas.

The partnership between BUK and the film industry began in 2021, aimed at fostering social relevance between academics and practitioners. “It supports a conducive environment for intellectual discussions. Moving Image, on its part, has gone the extra mile to ensure that the conference holds annually,” Abbas added. He also noted that his administration had directed the Faculty of Communications to establish a research centre for archiving and preserving Kannywood films.

The Dean of the Faculty of Communications, Prof. Umar Faruk Jibril, welcomed attendees and emphasized the importance of the blossoming film industry in Africa and the world. “BUK and Moving Image have consolidated a partnership for over four years, despite the tough economic challenges Nigeria is facing. The partnership has continued from strength to strength, with Moving Image providing financial support and BUK providing the conducive atmosphere,” Jibril stated.

Abdulkareem Ibrahim, Head of KILAF and CEO of Moving Image, stressed the importance of maintaining cultural identity through indigenous languages. “KILAF is the answer not to lose our own identity because language is the vehicle of culture and through languages we maintain our own identity,” Ibrahim said. He emphasized the importance of encouraging the youth to produce films in their native languages to preserve cultural heritage.

The two-day conference attracted participants from various parts of Nigeria and other African nations, further underscoring the importance of indigenous language films in forging cultural identities in a multilingual Africa.

 

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Northern Youth Assembly Condemns ACF BOT for Suspending Executive Chairman Over Anti-Tinubu Comments

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The Northern Youth Assembly (Majalisar Matasan Arewa) has expressed deep disappointment with the Board of Trustees (BOT) of the Arewa Consultative Forum (ACF) for suspending the forum’s Executive Chairman, Mr. Mamman Mike Osuman, SAN. The suspension was reportedly due to Osuman’s criticism of President Bola Tinubu’s administration and its policies, which the assembly claims have led to widespread hardship in the country.

In a press release, the Northern Youth Assembly stated that Osuman was suspended for speaking out against the anti-citizen policies of the Tinubu administration, particularly those affecting the people of the North. “It is really true that the Tinubu-led administration’s anti-people policies have led to widespread and untold hardship in the country,” the assembly noted.

The assembly, representing youth from the nineteen Northern states, criticized the ACF BOT for failing to amplify the voices of the masses and instead acting as agents protecting the Tinubu government. “It is rather shameful that the ACF, which is presumably expected to be on the side of the masses, would resort to such incivility and undemocratic action against one of its respected leaders,” the statement read.

The Northern Youth Assembly condemned the ACF BOT’s decision, describing it as a clear indication that the forum is not for the Arewa masses who bear the brunt of these anti-human policies. “The shameful action of the Arewa Consultative Forum, through the BOT, is a clear indication that ACF is not for the Arewa masses,” the assembly asserted.

The press release highlighted the shock and disappointment felt by the assembly upon receiving the statement signed by Alhaji Bashir Muhammad Dalhatu (Wazirin Dutse) and Alhaji Murtala Aliyu (Matawallen Gombe), ACF BOT Chairman and Secretary General, respectively. “The statement was indeed the highest order of disregard to the plight of the masses,” the assembly stated.

The assembly accused the ACF BOT of acting to please President Tinubu for self-serving interests and political ambition, despite the growing tendency of the president to persecute the people of Northern Nigeria. “The action against the personality of the chairman was impliedly aimed at pleasing President Ahmed Bola Tinubu,” the assembly alleged.

The Northern Youth Assembly called for the immediate lifting of Osuman’s suspension and the restoration of his powers and honor within the next seven days. “We shall be left with no other option but to mobilize the youths from the nineteen Northern states to take over the ACF secretariat in Kaduna,” the assembly warned.

The assembly concluded by expressing its strong opinion that Nigerians deserve better than what they are getting under the current administration and hinted at the possibility of supporting a new capable leader from the Northern region in the 2027 elections. “Unless necessary measures are taken to address these concerns, it won’t be out of place if a Northern Nigerian regional campaign is launched to call and support the emergence of a new capable person from the Northern Nigerian region come 2027,” the assembly stated.

The press release was signed by various representatives from the nineteen Northern states, including Usman Alhaji Musa (Yobe State), Sulaiman Idris Yusuf (Kano State), and Aminu Shehu (Jigawa State), among others.

 

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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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