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.”

#

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

NGO Criticizes Police Over Disrespectful Address of Kano Emir

Published

on

 

The Coalition of Concerned Kano Civil Society Groups (CCKCSG), a collective of organizations advocating for justice, cultural preservation, and good governance in Kano State, has expressed strong disapproval of the Nigeria Police Force’s (NPF) handling of the ongoing Kano Emirate dispute.

The group condemned the police for referring to His Royal Highness, Emir Muhammadu Sanusi II, as “Alhaji Sanusi,” describing the act as disrespectful and undermining the sanctity of one of Nigeria’s most esteemed traditional institutions. This criticism was conveyed in a press statement issued by Nura Idris, the group’s coordinator.

“The Kano Emirate is a centuries-old institution that symbolizes our cultural heritage, spiritual leadership, and communal unity,” Idris stated. He further criticized the police’s decision to summon Emir Muhammadu Sanusi II to the national headquarters in Abuja following the Eid al-Fitr durbar in April 2025. Idris argued that this move, later withdrawn after public outcry, reflected political interference and an attempt to diminish the Emirate’s authority.

The coalition highlighted the constitutional mandate of the Nigeria Police Force to uphold law and order impartially. However, Idris pointed out that the police’s actions in the Kano Emirate tussle, including contradictory enforcement of court orders and selective bans on protests, suggested alignment with political interests. “Reports of federal interference and the deployment of military personnel in a state matter further fuel perceptions of bias,” he added.

Idris emphasized the need for the police to remain neutral in the ongoing dispute between Emir Muhammadu Sanusi II and Aminu Ado Bayero. He called for dialogue, cultural sensitivity, and legal resolution rather than heavy-handed enforcement. “The police must not allow themselves to be weaponized in this conflict,” he said.

#

The coalition also condemned the police’s reference to Emir Muhammadu Sanusi II as “Alhaji Sanusi” in official communications, describing it as a deliberate act of disrespect. “This strikes at the heart of our cultural identity,” Idris remarked. He demanded a public apology from the police and urged them to address the Emir by his proper title in all future engagements.

In his statement, Idris called on the Inspector General of Police, the Police Service Commission, and other relevant authorities to ensure the neutrality of the police in the Kano Emirate dispute. He urged the police to engage traditional leaders respectfully and focus on their constitutional role of protecting lives and property without prejudice.

The coalition appealed to all stakeholders, including government officials, traditional leaders, and the people of Kano, to prioritize dialogue and reconciliation over confrontation. “The Kano Emirate tussle has already caused significant unrest, with protests and clashes threatening the peace of our state,” Idris warned. He stressed that the police must avoid actions that appear politically motivated or culturally insensitive.

The Coalition of Concerned Kano Civil Society Groups reaffirmed its commitment to advocating for justice, cultural preservation, and good governance. Idris concluded, “We will continue to monitor the situation closely and will not hesitate to mobilize further action if the police fail to heed this call.”

 

Continue Reading

News

Killings: Kogi Women Stripped Naked

Published

on

 

 

Some angry women from Oke-Ere in the Yagba West Local Government Area of Kogi State came out on Wednesday to protest what they called the “endless reign of terror” in their community.

The women, many of whom are elderly, marched through the town with sad chants in a local dialect.

#

In a video sighted by PUNCH Online on Wednesday, they appeared half-naked, holding sticks and leaves as they cried and sang about the constant attacks, kidnappings, and killings happening around them.

They begged the government and security forces to step in quickly and stop the violence.

This protest comes not long after armed men kidnapped three people and injured four others along the Ayere-Kabba Expressway in March.

The injured victims were taken to St. John’s Hospital in Kabba for treatment

 

Continue Reading

News

Stop Dragging NBA into Kano Emirate Tussle – Barrister Nafisa Replies Gandu

Published

on

 

The Chairperson of the Northern Women Lawyers Congress Barrister Nafisa Abba has called on Badamasi Sulaiman Gandu to stop dragging the Nigeria Bar Association into the State Emirate Tussle which is before the court of law.

It would be recalled that the lawyer has advised Alhaji Muhammadu Sanusi II to tender his statement to the Police in regards to the sallah durbar incident that led to the lost of lives, reminding the Emir that he is not above the law.

But in a response, Badamasi Gandu, a lawyer, described the call as unprofessional and unbecoming of a member of the Kano Bar.

” I was amazed by the response of my colleague Badamasi Sulaiman Gandu, it’s so sad that a lawyer like him would go so low like this; lawyers are known for always being comprehensive to any matter before making their opinion.

As the Chairperson of Northern Women Lawyers Congress, we have the right to issue a statement, it’s our constitutional responsibility, we didn’t do that on behalf of the Nigerian Bar Association; it’s ridiculous that Badamasi is bringing NBA into the matter.

All we are saying is for Emir and his supporters to stop using faceless organisations on this matter.

Like I did, I wrote my name, and the organisation I’m representing is not a pseudonym.

Badamasi Gandu has taken side on the matter. Everyone knows that he is a kwankwasiyya supporter but just hiding under human rights activism.

It’s good that you have shown the world your true colour. ” She said.

The lawyer further maintains her stands that the Emir is not above the law while asking him to tender his statement before the police for the interest of peace and the rule of law.

#
Continue Reading

Trending