Industry in Nigeria is an interesting topic for discussion. Read the article to follow top 4 Nigerian industrialists.
One of the most respected publishing agencies has just rated and compiled up a countdown of richest men and women in Nigeria as of the year 2015. The rating was set based on the Real-time Forbes estimates of the most precious personalities in Nigeria and other credible net worth raters. Some people's rating might have been judged based on 2014's most recent rating due to the fact they have not declared their assets and they haven't been looked into since then. So who are they, people forming the list of main Nigerian industrialists? Top manufacturers in Nigeria are the following.
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A native from a tribe of merchants, Nigerian Aliko Dangote 38 years ago, started the business after taking his uncle's $3 thousand purchase of rice and sugar for resale. Now he is the richest African with a fortune of $15.4 billion
Africa's largest cement producer Dangote Cement Plc March 1 reported on the results over the past year. Net profit (RAS) founded in 1992, the company increased 15% to $929 million and revenues by 26%, to $2.45 billion on the same day; Forbes updated its annual ranking of the richest people in the world. A gorgeous African, the founder of the Dangote Group Aliko Dangote, took the 51-th place with a fortune of $15.4 billion
The name of Dangote known to every inhabitant of Nigeria. Dangote Group operates in various industries — export, import, manufacture of food products and industrial goods, oil and gas development and telecommunications, and residential real estate. In the company Dangote combines the positions of CEO and Chairman of the Board of Directors.
Business in the blood
Aliko Dangote was born in Northern Nigeria in the Northern state of Kano to a wealthy Muslim family of Uga lava — hereditary merchants engaged in caravan traffic between the city-States of the Hausa tribes throughout West Africa. His great-grandfather, the legendary Nigerian merchant Hassan Dantata, at the time of his death in 1955, was known as one of the richest men in the region. Father Aliko Mohammed Dangote, also engaged in trade, participated in politics. After his death, a small ALICO took care of the maternal grandfather, Sanusi Dantata.
Business, the future billionaire, was interested in childhood. "I remember when I was in elementary school, I bought boxes of candy and sold them just to make money. I was so much interested in the business even in those years", — quoted his words portal All Africa. After school, Dangote left to study entrepreneurship at the University of al-Ajara in Cairo. After graduating, he returned to Kano and in 1978 he opened his own business. At the time he was 21.
For start-up capital, Dangote turned to his uncle, who gave him a loan of 500 thousand Naira (at the time $3 million). The money to ALICO began to buy at wholesale prices rice, sugar, millet, salt, cotton, vegetable oil, and textiles abroad — and even cement — and resell at the local market with a significant margin. The trade went, Dangote paid off its debts, and four years later he founded two companies that later became the basis of Dangote Group.
Successful promotion of the business person is obliged to the high rate of growth of the Nigerian economy in the early 1970s after the country discovered oil deposits. Now this does not prevent his nostalgic for the days when agriculture was the country with the greatest income. "Agriculture has been a driver of the economy. Through palm production formed a large part of the revenues of the Eastern region, due to the cocoa of the West, groundnut and cotton were profitable to the North. But the discovery of oil in commercial quantities has transformed the economy in pursuit of the annuity, and agriculture ceased to be the primary source of revenue and foreign exchange revenues of the state," he explained at a lecture last month at the University. Ahmad Bello.
Against the background of political tension in the Middle East easy money earned on the oil, turned into the 1980s in this thread. "The country is flooded with imports appetite for short-term investments instead of long-term investments in agriculture, industrial production, and refining capacity. The boom in the world oil market alternated with the sharp falls that have shaken the Nigerian economy over the last five decades," recalled Dangote.
From import to production
In the cases of the first Dangote deliberately avoided investing in the oil industry, and in the late 1990-ies has taken a decision that years later would call the best in his career. His company, to deal exclusively with this trade goes to in-house production. A country where the vast majority of consumer goods are imported from abroad suffers from a lack of its infrastructure. The country can satisfy the basic needs of the majority of the population, which also grew from year to year, in 1992, rising to over 100 million people (in 2014 amounted to 178.5 million).
"Providing basic needs of the population," Dangote made the mission of their company. Dangote Group has developed an ambitious program of production growth. First, she covered the food industry in the country planned to build four flour mill, the refinery, and a pasta factory. Then, in 2000, the group entered the cement market by purchasing privatized state plant Benue state, and in 2003 bought for $800 million cement factory Obajana, the biggest in Central and West Africa. In five years Dangote c $3.3 billion of personal wealth became the richest black man in the world.
Mohammed Indimi is the founder and chairperson of Oriental Energy Resources, Limited. This company has an interest in the oil sector, especially in the Nigerian Upstream Oil and Gas industry. Mohammed Indimi founded his company in 1990 and has expanded the company’s portfolio that it now has assets in Offshore Nigeria. These assets include the Ebok Field (OML 67), Okwok Field (OML 67, and OML 115). In the year 2014, Forbes listed Mohammed Indimi as the Africa's number 37th richest man.
Jim Ovia is the founder of Zenith Bank Group, a bank he is the largest individual shareholder with about 9.3% stake. He is also an investor in real estate across Nigeria. His other assets include Visafone, a mobile telecommunication outfit. He is considered to be one of the top industrialists in Nigeria. Jim Ovia commenced the construction of $1.5 billion petrochemical complex in Akwa-Ibom State Nigeria.Forbes listed Jim Ovia as the 30th richest man in Africa in the year 2014.
Orji Uzor Kalu is the coordinator of SLOK Holding and the Daily Sun and New Telegraph newspapers in Nigeria, who served as the governor of Abia State, Nigeria from May 29, 1999, to May 29, 2007. Before his election, he served as the presiding officer of the Borno Water Board and the moderator of the Cooperative and Commerce Bank Limited. Kalu was also a member of the Progressive Peoples Alliance (PPA) and the coordinator of the PPA Board of Trustees. He was the party's candidate for president in the April 2007 general election.