The 4th annual Financial Times Africa Summit held at Claridges, London with Vice-President Yemi Osibanjo and Aliko Dangote in attendance was a notable one for Nigeria as the business tycoon reveals his success strategies, plans which majorly includes Nigeria and his current investments on locally produced materials and agricultural produce.
“We are not going to import anything any longer. In Nigeria, we are learning how to produce the entire value chain” says Dangote. He further highlighted the success Nigeria had made in production generally and future position of Nigeria as exporters of major materials in Africa, claiming that Nigeria now produce fertilizer gearing up to 3 million tones locally and by so doing, becoming one of the largest exporters of fertilizers.
Satisfying our thirst on the strategies which has made him succeed all these years, Dangote stated that his company has become the leading exporter of 6-7 million tonnes of cement and that now, he has invested in rice production by local farmers and he also offers to buy back the 1 million tonnes expected as the harvest turn over at open market price.
Conclusively, Dangote predicts that the investment will not only feed Nigerians, but the entire 320 million West African market.
