A Call has been made by the President/Chief Executive of the Dangote Group, Aliko Dangote for the price of international oil to remain low, because “this helps wean us off the dependency on revenues from petroleum.”
Speaking at the 72nd session of United Nations General Assembly in New York, Dangote told the minor investors that “Agriculture, agriculture, agriculture. Africa will become the food basket of the world.”
The Corporate Council for Africa requested for the presence of Shearman and Sterling LLC, successful business leaders and international diplomats at the headquarters of global law firm to listen to the richest man in Africa, Aliko Dangote and Rwandan President Paul Kagame speaks on Africa’s opportunities and challenges.
According to APO, both leaders draw attention to current movement to diversify the economies of Africa. In the case of Nigeria, Africa’s largest economy, Aliko Dangote stated that “we should pray that oil prices remain low. This helps wean us off the dependency on revenues from petroleum. We must take oil to be the icing on the cake. We already have the cake,”
Dangote further made reference to Nigeria’s immense mineral resources and gas, also on the requirement for more goods to be produced locally for domestic consumption. Both speakers made reference to the need for intense investments in education which will equip the youth with the skills they required for jobs.
He went further to foretell that “five of the twelve million jobs needed in Africa soon must be created in Nigeria.”
Dangote business has been expanded from cement, sugar, and other household commodities to fertilizer and other processed high-value goods. He added that “Technology of course helps us a lot and our factories are state of the art with the use of robotics but we shouldn’t be overly tech oriented to create wealth,”
Being referenced as one of the most inspiring business leaders in the world today, Dangote counsel Americans about their wrong perception of Africa, “Don’t be lazy. Go there and find the real story for yourself. Things have changed.” He said.
Rwanda’s success story was also cited by Dangote as a sign of positive change, good governance and leadership and where corruption has been cured. He gave an examples where he gave a Kigali Airport staff with a $100 US for their services but the money was rejected. President Kagame was applauded for positioning the environment for the growth he promised.