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Bloomberg rates Aliko Dangote richest man in Africa with $15.6bn

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Aliko Dangote

President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index.

Dangote, who remains the richest man in Africa for the 12th year running, was the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg.

Other Africans listed in the latest top 500 world billionaires list for the year 2023 include Johann Rupert and family of South Africa, now worth $13.3 billion, while Nicky Oppenheimer of South Africa, Nassef Sawiris of Egypt, Natie Kirsh of South Africa, and Naguib Sawiris are also worth $9.0 billion, $7.47 billion, $7.37billion and $5.93 billion respectively. These are the only five other Africans that made the list.

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, and each individual billionaire profile contains a detailed analysis of how that person’s fortune is tallied.

The index is a dynamic measure of personal wealth based on changes in markets, the economy and Bloomberg reporting. Each net worth figure is updated every business day after the close of trading in New York. Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to U.S. dollars at current exchange rates.

Ellon Musk and Bernard Arnault are the richest in the world with $219billion and $194 billion respectively in their kitties while Jeff Bezos and Bill Gates followed respectively with $151 billion and $130 billion. Larry Ellison was the fifth richest with $130 billion on the world’s billionaires’ chart.

Bloomberg is a global information and technology company, that connect decision makers to a dynamic network of data, people and ideas – “accurately delivering business and financial information, news and insights to customers around the world” Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organisations through the Bloomberg Terminal.’

Africa’s richest man, with his new worth of $15.6 billion, controls Dangote Industries, a closely-held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement. It also has interests in sugar, salt, fertiliser and packaged foods. Dangote also recently commissioned the $19bn petroleum refinery plant, which is now the Africa’s largest refinery.

It would be recalled that Aliko Dangote, was also recently named as among the topmost charitable man in the World by Richtopia, a digital periodical that covers business, economics, and financial news, based in the United Kingdom. This recognition came after he endowed his foundation, the Aliko Dangote Foundation (ADF) to the tune of $1.25 billion.

Aliko Dangote started his Foundation in 1981, with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities.

Aliko Dangote Foundation was however incorporated in 1994 as a charity in Lagos, Nigeria. 20 years later, the Foundation has become the largest private Foundation in sub–Saharan Africa, with the largest endowment by a single African donor. The primary focus of Aliko Dangote Foundation is health and nutrition, supported by wrap-around interventions in education, empowerment, and humanitarian relief.

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My Successors Have Jettisoned My Progressive Ideas-Says Jonathan

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Former President Goodluck Jonathan

 

Former President of Nigeria, Goodluck Jonathan, on Friday, said some of the progressive ideas he instituted during his tenure were jettisoned after his exit from office.

Jonathan who was the President from 2010 to 2015, stated this while speaking as Chairman on the occasion of the 25th anniversary celebration of Igbinedion University, Okada in Edo State.

The former president who said he ensured that women were admitted into the Nigeria Defence Academy, recalled that he faced serious challenges but had his way as the president of the country.

He said it is worth noting that women have become an integral part of the military set with some of them going ahead to become some of the best jet fighters.

He said, “I recall the challenges faced by women in the military. But as President, I directed that the Nigeria Defence Academy commence admission of women into the institution.

“However some of the ideas, which could have helped in the technological development of the country were jettisoned. “

The former President who noted challenges faced by women in various career fields, advocated that limitations against women’s progression in their chosen fields of endeavour should be eliminated.

He also called for the recalibration of the nation’s school curriculum to prioritize skills acquisition, and technology and de-emphasise certificates.

The ex-president explained that emphasis on skills acquisition and technology in all fields of the country’s educational system was the way to go to hasten the development of the country.

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Rivers Crisis:Former Senate President Urges Tinubu To Call Wike To Order

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Senator Adolpos Wabara ,Former Senate President

Former Senate President and Chairman Board of Trustees, BOT, of the main opposition Peoples Democratic Party, PDP, Senator Adolphus Wabara, has told President Bola Ahmed Tinubu, to caution his appointee and Minister of the Federal Capital Territory, Mr Nyesom Wike to avoid plunging Rivers State into a “needless political crisis”.

This is coming on the heels of the move by pro- Wike lawmakers, to impeach Gov. Siminalayi Fubara.

This is coming on the heels of the move by pro- Wike lawmakers, to impeach Gov. Siminalayi Fubara.

Wabara also condemned the call by APC Chairman in Rivers, Tony Okocha, for the House of Assembly to immediately commence impeachment proceedings against the Fubara.

The former Senate President who accused Wike of stoking the face-off between Gov. Fubara and the lawmakers, warned that Nigeria might not survive any instability in Rivers State considering the state’s economic importance to the country

Senator Wabara appealed to President Tinubu to prevail on Wike to give peace a chance and allow his successor to discharge his constitutional roles without undue influence.

“I want to appeal to Mr President to call his appointee, Nyesom Wike to order so that his actions in Rivers do not confirm the suspicion that APC has an agenda to turn Nigeria into one party state. Wike should allow peace to reign in Rivers State.

” Mr President should appreciate the importance of Rivers as a major revenue base of the country, and should the trouble they are stoking erupt, Nigeria will definitely not escape the aftermath.”

The PDP BoT Chairman, further advised members of the Rivers House of Assembly not to yield themselves as agents of distabilization of the state “because history will not be kind to them.”

He reminded the gladiators to carefully weigh the grave implications of any attempt to forcefully remove a democratically-elected Governor or President from office.

The former Senate President who warned that the PDP would not tolerate any further intimidation or persecution of the Governor, urged “all those involved in the political brouhaha in Rivers to give peace a chance”.

On the mass exodus of PDP members in Abia State, Senator Wabara who said such scenario was not unexpected, however, urged the party faithful not to panic.

He said that the elders of the party had initiated moves to half further exit of members, describing the development as the after effect of the impunity of the last PDP-led administration in the state, and its utter disregard to internal democracy and party supremacy.

Wabara further noted that some chieftains who are leaving the party are doing so for self protection while some join the bandwagon without any deep thought of their action.

He urged PDP members in the state to remain resolute and support the on-going efforts to rebuild and reposition the party for a winning spree in 2027.

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Gombe Schools Are Safe- Prof. Maigari Assures

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Professor Aishatu Maigari Gombe state commissioner for education

 

In response to concerns about the safety of schools in Gombe State,the Commissioner of Education Professor Aishatu Maigari,has assured that schools in the state are safe.

Responding to questions from newsmen regarding school security, the Commissioner refuted rumors suggesting that schools were closed due to insecurity.

She clarified that the government decided to close schools earlier than scheduled due to various factors, including the Ramadan fast, Sallah, Easter breaks, and excessive heat.

Professor Maigari elaborated that the decision was made considering that out of the remaining two weeks, approximately ten days would be devoted to public holidays. Therefore, only four days were deducted from the academic calendar.

The Commissioner gave the public the assurance that the school calendar remained on track, because the government was implementing measures to enhance school security.

Professor Maigari therefore called on the community, stakeholders, parents, and guardians to collaborate with the government in ensuring the safety of schools.

Amidst these reassurances, Professor Maigari’s statements aim to alleviate concerns and reinforce confidence in the safety and continuity of education in Gombe State.

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