Dangote Economics is shaping African Economy for better

The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of US$4.1 billion in 2017. 

Alhaji Aliko Dangote involvement in many industries all around the world. In 2017 Aliko Dangote partnered with China’s heavy-duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export.

Dangote Sinotruk West Africa Limited is a joint venture, in which 65% owned by Dangote and 35% by Sinotruck and the company has the capacity to assemble and produce 15 –16 trucks per shift or 10,000 trucks annually. The company is established to assemble and produce a full range of commercial vehicles covering heavy duty truck, medium truck, light truck and other semi-trailers, etc. and it aims to meet an expected current demand of the segment of Automobiles required for logistics, construction, food and beverage industries in Nigeria to support the government’s efforts in boosting economic development across the country, also, to provide employment opportunities for Nigerians and improve local automobile industry.

The production base will not only serve the market demand in Nigeria but also can fulfil the requirements of neighbouring ECOWAS countries. If other businessmen emulate Dangote in the efforts to create jobs through manufacturing rather than importation of finished products signing the African Continental Free Trade Agreement (AfCFTA) would benefit Nigeria a lot.

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