Dangote At UN: Africa Will Soon Become Food Basket Of The World

Posted on September 20, 2017

Nigeria’s business mogul, Aliko Dangote has declared that Africa will soon become the food basket of the world. 

Dangote told investors “Agriculture, agriculture, agriculture in the United Nations that Africa will become the food basket of the world.”

In a packed room at the headquarters of global law firm Shearman and Sterling LLC  high level business leaders and international diplomats invited by the Corporate Council for Africa to hear Africa’s richest man, Aliko Dangote, and Rwandan president Paul Kagame openly converse on Africa’s opportunities and challenges.

Both leaders underscored the ongoing movement to diversify African economies. In the case of  Nigeria, Africa’s largest economy, Dangote stated “we should pray that oil prices remain low. This helps wean us off the dependency on revenues from petroleum. We must take oil to be the icing on the cake. We already have the cake,” he added.

In addition to agriculture Dangote cited Nigeria’s vast mineral resources and gas as well and the need to manufacture more goods locally for domestic consumption. Both he and President Kagame cited continued need for heavy investments in education and connected the need for young people to be well trained for the jobs of tomorrow.

Dangote predicted that “five of the twelve million jobs needed in Africa soon must be created in Nigeria.”

Dangote’s fortune which stems from cement, sugar, and other household commodities has expanded into fertilizer and other processed high-value goods. “Technology of course helps us a lot and our factories are state of the art with the use of robotics but we shouldn’t be overly tech oriented to create wealth,” he told investors.

Mr. Dangote who is often cited as one of the most inspiring business leaders in the world today and a model for young entrepreneurs offered advice to Americans who tend to rely on outdated news and wrong perceptions of Africa, “Don’t be lazy. Go there and find the real story for yourself. Things have changed.”

Dangote noted the Rwanda success story where he has business interests as an example of positive change, good governance and leadership, and where corruption has been cured. He cited a personal experience of offering a $100 US tip for services at the Kigali Airport to staff who refused to take money for work they were paid to do. President Kagame was praised for delivering the environment for growth he promised. “There is nothing African about corruption,” the Rwandan president added.

The session was moderated by Rosa Whitaker, former US Trade Representative and author of the AGOA (African Growth Opportunity Act), whose business consultancy is credited for helping both African governments and US companies develop commerce.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Federal Government has said that the modern 400-bed teaching hospital built by the legal... Continue
BY ADEDARA ODUGUWA After 19 years of the demise of Aare (Oshorun) Moshood Kashimawo... Continue
Nigeria’s image received a boost on Thursday before the international community as former Agriculture... Continue
Despite losing one match in their group games, Nigeria’s Aruna Quadri and Egypt’s Omar... Continue
CYRIACUS IZUEKWE A 36-year old secondary school teacher, Stephen Owolabi has been arrested and... Continue
ISRAEL TAIWO The Sabanov’s brothers display their doubles trophies won in the first leg... Continue
Two of Nigeria’s biggest music stars, Duncan Mighty and Harrysong are set to thrill... Continue
CYRIACUS IZUEKWE It was a bad day for some bandits as peace returned to the... Continue
Joseph Oyeyani Makoju has been appointed Acting Managing Director of Dangote Cement Plc. Makoju’s... Continue
CYRIACUS IZUEKWE Relative peace has returned to the Ago-Okota area of Lagos following the... Continue