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Aliko Dangote’s Top 10 Rules For Success

He’s a Nigerian billionaire, who owns the Dangote Group, which has interests in commodities.

His company operates in Nigeria and other African countries.

As of January 2015, he had an estimated net worth of US$18.6 billion.

He’s Aliko Dangote and here are his Top 10 Rules for Success.

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1. Listen to people

He said; “I can remember when I was in primary school, I would go and buy cartons of sweets [sugar boxes] and I would start selling them just to make money. I was so interested in business, even at that time.”

2. Be consistent

The Dangote Group was established as a small trading firm in 1977. Today, it is a multi-trillion naira conglomerate.

3. Possess the right informations

The Dangote Group has moved from being a trading company to being the largest industrial group in Nigeria and includes: Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.

4. Be focused

In Nigeria today, Dangote Group with its dominance in the sugar market and refinery business is the main supplier (70% of the market) to the country’s soft drinks companies, breweries and confectioners.

5. Think ahead

Dangote Sugar Refinery is the largest refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually.

6. Have a vision

Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement and fertiliser. The company employs over 11,000 people and is the largest industrial conglomerate in West Africa.

7. Do only things you understand

He has diversified into telecommunications, and has started building 14,000 kilometres of fibre optic cables to supply the whole of Nigeria. As a result, he was honoured in January 2009 as the leading provider of employment in the Nigerian construction industry.

8. Think Big

On 14 November 2011, Dangote was awarded Nigeria’s second highest honour, the Grand Commander of the Order of the Niger.

9. Form strategic plans

In May 2015 Dangote expressed interest in purchasing the English football team Arsenal. He stated that if he was able to make the purchase he would fire the club’s long-standing manager Arsene Wenger.

10. Your name is your most valuable asset

He’s ranked by Forbes magazine as the 67th richest person in the world, and the richest in Africa.

Sources:
https://youtu.be/Lx_H_LrZ1DE
https://youtu.be/pKnfEU6nqlE
https://youtu.be/FICNxdTZdic
https://youtu.be/0hAgP1sCJ4g
https://youtu.be/z5bNx0V8pb8

NeriAbba:
Aliko Dangote. He’s changing Africa in a massive way.

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Posted by: Lonater

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