Monday, 29 August 2016

DANGOTE'S NIGERIA: WHAT IS HIS VISION?

I have in the past drawn attention to the "style" of the late Singaporean prime minister Lee Kuan Yew. An apostle of homegrown solutions, he had almost limitless faith in the human potential of his people. He had no choice. Singapore had nothing else worth reckoning.
We may never fully understand the motivation of Alhaji Aliko Dangote in inviting the Tiger Brands of South Africa to invest in Dangote Flour. It is possible that because the group was overextended at that material time, Dangote decided go reduce the huge leveraging that attended the record shattering expansion of Dangote Cement on a global scale. It is not unlikely that Tiger Brands came on board with a largely short term view of it's investment and that led to the losses earlier recorded. It is not as if Nigerians stopped eating wheat bread and the other derivatives. To date we do not have any reason to turn our backs on the Dangote name.
From all indications, the fate and fortune of the Dangote Group appears to be irrevocably bound up with that of the Nigerian nation or state, no matter how configured. I just hope that the Group Head, Mr Thabo Mabo, a South African, remains loyal to the declared mission of the Dangote Group using local talent which we have in abundance. The day he renders himself redundant or easily replaceable marks his landmark success in that regard.
One final note. I have stated without ceasing that a Dangote presidency will be far, far more fruitful to us than the current exercise in ego massage. . Sai Aliko Dangote!

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