15 Facts About Dangote Every Businessman Should know

15 Facts About Dangote Every Businessman Should know

The name or brand “Dangote” doesn’t sound foreign to you, if it does then you are not a true Nigerian. I could even push further and say not a true African. But I wouldn’t, let’s stop in my country. Recognizing his name and the facts about Dangote means he is doing something right in the business world, hence, someone with his kind of experience with business has a few things about himself and his business that could inspire every businessman. Recently, I wrote about quotes from Dangote that are nugget worthy and will motivate you. In this article, I’ll share with you facts about Dangote and 15 things about him every businessman should know.

Who is Aliko Dangote?

Aliko Dangote is a 64years old business magnate and the richest man in Africa. He is the founder and CEO of the Dangote Group. He was born in Kano, Nigeria and his education was mostly in Egypt, Cairo.

Dangote comes from a well-known business inclined family, he is the grandson of Alhaji Alhassan Dantata; he was the richest person in Africa at the time he was alive. He ventured into business at the age of 21. Aliko Dangote owns the second-largest sugar refinery in the whole world, the largest cement factory in the world (again), one of the largest flour mills in the world, and the number two largest fertilizer plant in the world.

According to Forbes, Dangote is worth $14 billion and has maintained topping the list of the richest men in Africa for more than 10 years.

Dangote is a quintessential and successful businessman and a philanthropist.

next, I’ll be sharing with you the things every businessman should know about him. They will be factual as I will be adding his words to each point.

Things Every Businessman Should Know About Dangote

There are people who think that because Dangote is from a rich successful business family, he is privileged, and not every business owner can learn from him. This notion is understandable but stay with me, the things I’ll be sharing with you will probably change that notion.

Regardless of your money status or how long you’ve been a business person, there’s something you can adopt into your business from knowing these facts about Dangote.

1. Dangote Understands the Need for Passion

Here’s what he said during an interview with Bloomberg when he was asked to share a business hack.

We had already studied doing 300,000 barrels a day back in 2005. At that time I couldn’t even fathom a larger refinery. I had no financial capacity. Then in about 2010, we paid all Dangote Group’s debts, which amounted to $2 billion…We don’t want to listen to the critics, because their intention is to destroy us. We are using our own money. This is my lifetime project. I have to back it up with my own life to make sure it is delivered.

There is no way you can have a population of 320 million in West Africa and no self-sufficiency. So the first thing to do is food security. We have land, we have water, we have the climate—we shouldn’t be a massive importer of food. With modern farming, you can get 8 to 10 tons per hectare. I believe Dangote Group is in the right position to drive this trajectory.

This statement oozes passion from every angle. He had a huge amount of debt to pay but his passion for what he does as a business kept him going. Among many other things, It takes passion to keep at a business, especially failure to some extent looms.

Also, I believe that before a business, there’s a person behind it, and there’s a passion driving the business in the person. Do you get it?

2. Dangote is Hungry for Success and Confident While at it

In the interview he had with Bloomberg, he said a lot of inspiring things and I’ll point out one of them again.

Beginning in 2020 our major investment will be in the U.S. and Europe… Beginning in 2020, 60 percent of our future investments will be outside Africa, so we can have a balance.

Let’s say that by 2025, I’m looking at [putting in] between $20 billion and $50 billion [in Europe or the U.S].

Our business strategy has always been like that, yes. We don’t want to be No. 2 in anything that we do. We want to be No. 1. Worst case, we can be No. 2 but targeted to become No. 1

Put in mind, this was a well-successful man already.  Everyone knew how successful he was but, he was hungry for more success and it kept him on his toes to do more, be more, and have more.

3. Provide Valuable Goods and Services

When Dangote was asked why he chose to be involved with cement. His reply would shock you;

I think actually what I figured out was looking at the entire African continent, especially sub-Saharan, and saying, “What do we actually produce?” What I learned is that the majority of African countries imported cement. The better way, I thought, would be to empower Africa – to meet our own infrastructural needs so that we could be more self-sufficient.

Personally, I think this is where business owners get it wrong. They provide a service that is not a solution. Dangote realized a sector that was lacking and built a business up from there. Dear business owner, before venturing into a business, make sure to find what solution it will provide.

4. Dangote is Thoughtful

There’s a trend that goes on around business owners which is taking up an interest in selling what is trendy and popular.  Dangote thinks otherwise and he did differently. Here’s what he said:

The majority of people here made their money through oil. But Dangote has never ever dealt in oil, which is to prove that you don’t have to be in oil. In Nigeria, oil has really damaged our thinking. Everyone is thinking about oil, oil, oil. And we are one company that has made a success without doing that.

Business owners, you do not have to follow the trend of what other business people do. Look carefully, there’s something else to be done. Think deeply, relating to the previous point, there is a solution that people need, you just have to find it.

5. Dangote Is Bold and Daring

There’s a saying that, “only a bold man makes the bold moves”. Before a business gets successful, an entrepreneur must have taken a move that was out of their comfort zone. Can you think of yourself as being bold? No? A business person should be able to do this and this is one of the facts about Dangote that I find really inspiring as someone that is interested in business.

We make a lot of bold moves, which other people find really difficult to take. We always dream very big, and we’re committed to investing in Africa… the only way to move Africa forward is for people like us to take very bold moves. I never worry about being too bold. In business it’s good to be aggressive, but with a human face.

The above statement is what Dangote said in a recent interview.

6. Dangote is Consistent

What makes a business known for the value it has to offer is the consistency in the running of the business.

Dangote says:

To hold on to consistency, find ways to remove hitches that come with entrepreneurship.

7. Dangote Appreciates People and Hire the Smart Ones

I always make sure I hire people smarter than me.

A business only thrives when there are various heads with different brilliant task execution. Dangote is aware of this so he hires smarter people, that way, things get done with the help of these people’s brains.

8. Dangote Wants to Make People Happy

He said:

My grandfather once told me the soul of business is not making money, it is making people happy and I have held on to it

9. Dangote Embraces Competition

Don’t kill the competition. Competition is healthy for businesses. It keeps you the entrepreneur on your toes.

He sees competition as an opportunity to be better and do better.

10. Dangote Is a Big Dreamer but Knows the Importance of Starting Small

To build a successful business, you must start small and dream big

Any business has its early beginning which is definitely small. He encourages starting small with the hope that it gets big and better.

11. Dangote Makes Tough Decisions to Keep His Company Afloat

If I had challenges in my company, I would not hesitate to sell assets to remain afloat, to get to the better times, because it doesn’t make any sense for me to keep any assets and then suffocate the whole organization.

He is aware and knows when certain risks should be taken.

12. Dangote is Patient

You could easily tell that hard work and perseverance go hand in hand with patience. We often hear people say patience is worth it, yet we don’t practice it. I did and look how well it worked out for me.

Dear business owner, be patient. It takes time to build anything.

13. Dangote Makes Adequate Research About Business

The most dangerous thing for an entrepreneur to do is to actually go into a business that he does not understand fully.

Do not, I repeat, do not venture when you don’t understand. This is one of the facts about Dangote that I find admirable. Every business owner should do this

14. Dangote Started to Build With Ambition

If you don’t have ambition, you shouldn’t be alive.

Ambition is basically what you want from life. Dangote chose the business part and he followed through with it.

15. Dangote Knows When to Sleep

I cannot stress this enough, it’s okay to be passionate about your business but know when to sleep. Know when to rest and build the body. Dangote says:

Exercise is better than any medicine I can take; exercise and sleep.

Don’t wait until you fall sick, If the richest man in Africa prioritizes exercise and sleep, who are you not to?


Every single point and fact about Dangote in business can increase your process as a business owner, you just have to take what you need and make use of it.

While you are here, this is the best time to read the effective qualities every entrepreneur should have.

I wish you a successful business. Cheers to your growth!


What is Dangote slogan?

“Building prosperity and self-sufficiency.”

What is Dangote full name?

Alhaji Aliko Dangote

How much does Dangote make in a day?

Dangote makes around 15 million a day

What is Dangote’s position in the world?

He is the richest man in the continent of Africa for 1, 2, 3…11th year. Yes, you are seeing right.

What type of company is Dangote?

Dangote is a Nigerian multinational industrial conglomerate and its position is the largest corporation in West Africa and also one of the largest in Africa.

What has Dangote done for Nigeria?

The list is quite lengthy but the most notable and world-recognized one is this; In the year 2021, Dangote (Cement sector) moved to erect the biggest cement plant in Africa in Southwest Nigeria. With this, It made Nigeria a cement exporting country.

Who gave Dangote money to start business?

His uncle; Sanusi Abdulkadir Dantata gave Dangote money to start business. Dangote was the one that actually requested the loan.

How to Be patient With Your Kids

How to Be patient With Your Kids

Tolerance is crucial when grooming kids. It keeps your emotions under control and prevents you from going crazy about kids’ annoying behaviours. Its true kids don’t always obey instructions given, most times they do the opposite and mess things up. Their unconscious irritable behaviours tend to prompt anger. Anger when not recognized and controlled yields to disaster and regrets. However, when you learn how to be patient with kids you become conscious of their natures, and how to relate with them appropriately. 

How to be patient with kids does not just apply to parents. If there is a likelihood of mingling with kids as you go through your daily routine then this piece applies to you. 

How to Be Patient With Your Kids

1. Realize That Life is a Process

Most adults have little or no tolerance for children. They have failed to understand that life is in stages and once upon a time they were kids. Childhood is a one-time experience for everyone. Nonetheless, kids are uniquely designed to view messy stuff as fun, such as throwing objects, scattering the home, if permitted lay in the mud, and lots more. Whereas adults feel the other way, they always want things to be arranged, neat, and put in order.

The truth remains that they won’t be children forever, as years go by they grow from being childish to thinking mature. At that stage, you wouldn’t have to chase them around before they do that which is expected. They unconsciously do it. Hence, don’t ruin the childhood stage of your kids, allow them to have fun, but keep an eye on them because kids can go the extra mile. 

2. Minimize Expectations

Nothing is wrong with setting goals for your kids or expecting them to come out as the best in whatever they engage in with their peers. Mostly, sports and academic work. However, if your expectations are not lessened you’ll be in for disappointment when your kids fail to meet up to your set standard. 

Their failure can make them face the consequences. This method doesn’t always go right! In essence, desire the best for your kids, support them in achieving it. If they don’t, instead of being angry, celebrate them for their current level and encourage your kids to put in more effort next time. Impatience never solves a problem rather it makes you angry and discourages your kids.

3. Focus On Their Strength Instead of Weaknesses

The root cause of impatience towards kids stems from emphasizing their weaknesses. You get irritated when your attempt to change this isn’t working. To ease that feeling you give in to punishing, forcing, yelling, flogging, and restricting your kids. Instead of doing it the hard way, focus more on their strength, help build them up in their area of uniqueness. Avoid comparing them to others who are better. When they advance in their strength their weaknesses begin to diminish. 

4. Here is the Magic

Usman is 10years of age and a talented artist. His skills were admired by all. However, his passion begins to fade away due to no support from his parents and siblings. This was because he engages in bedwetting when asleep. Usman was called all hideous names and punished. Yet, he continued bedwetting. One day, a friend of his mother came to visit and told his mom a secret on how to be patient with kids. 

His mom sat the entire family and further explained the method her friend advised her. From henceforth, rather than calling Usman names they all supported and encouraged his skills. They made statements like; “Usman is the best artist in the world” “The best artist doesn’t wet the bed”. To their amazement as they continued Usman gradually stopped bedwetting. So, building kids in the area of their strength is the fastest route to eliminating their weaknesses. You should try that!

5. Practice Patient at Other Things.

Your impatience with your kids might be a reflection of your lack of tolerance for other things. If you’re the type who gets angry at slight provocation, obviously your kid’s behaviour won’t make any difference. Stop retaliating when your kids mess things up and learn how to recognize your emotions and manage them. If you’re able to get your emotions under your control you would be more patient with other people and things; at work, within your neighbourhood, towards friends and your kids.

In addition, when stressed out, take time out, away from work and kids to prevent the transfer of aggression.

6. Put Yourself in Your Kids Shoes

How would you feel when you’re being punished for what you feel is right? Or yelled at? Or forced to go against your will? Or restricted from exploring? Certainly, you won’t feel happy or comfortable about it, you would feel deprived of your right. Now!

That’s exactly the way your kids think and feel when you’re not patient with them. Hence, before making them face the consequences of their actions, picture yourself in their shoes. This method would help you do the right thing.

7. Listen and Talk Things Out

Parents rarely get to listen to their kids, to know the reasons behind certain actions before passing judgment on them. You begin to understand your kids more as you pay attention to them and listen to what they have to say. Don’t be quick to punish them. You should sit them down and talk things out. Having heard their explanations. It’s your responsibility to make them know that what they did was wrong and also tell them what’s expected of them next time. Let them know the reason why you yelled at them or spanked them. This will help them avoid such mistakes next time. 


How to be patient with kids will require great love for kids to scale through. Your love for them often regulates your emotions which includes impatience towards your kids. As a parent, you need to learn about activities that increase the bond with your kids. Also, parenting mistakes should be avoided. In addition, apologize more often whenever you lose control of your emotions towards your kids. 

In addition, share your views regarding how to be patient with kids in the comment section below.