Why My Company Has Been Very Successful – Aliko Dangote

Africa’s richest man, Aliko Dangote, has stated that the
challenge of electricity was adversely affecting the
growth of the continent’s economy.
Speaking at the Africa CEO forum in Abidjan, the
President of Dangote group also disclosed what has
made his conglomerate successful.
“Where I come from, which is Kano in Nigeria, we have
over 20 million people and we are sharing 35
megawatts only,” Dangote said.
“So when we started business as a group, we said that
we would not go into the national grid. Every single
country that we are operating in, we would create,
generate our own power and that is why we have been
very, very successful.”
In his remark, President of the African Development
Bank, Akinwumi Adesina, said Africa must seek ways to
light up the continent.
“If you walk in the dark, you’ll stumble and you will fall.
But if you walk in the light, you will constantly see thing
ahead of you,” he said.
“The problem is, in Africa, you have today 645 million
people without electricity. You have the GDP in which
the cost of not having electricity is about four to five
percent shaved off.
“We cannot be competitive when it comes to value
adding. We cannot industrialise because we have no
electricity. The kids cannot go to school because we
have no electricity.
“Vaccines can’t be in hospitals because we have no
electricity, and business are operating at very high cost,
using diesel. In other words, what is the emergency
power supply system has become the normal power
supply system – no way!
“And as Africa Development Bank, I know that the very
blood of Africa’s transmission and life is what we do.”
Nigeria’s electricity generation currently fluctuates
around 4,000MW, a meagre capacity for a country of
over 170million.

-Dailypost




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