Opinion: Dangote, the Sick, Adopted Child of Nigerian Government!
Earlier this week, news broke that Aliko Dangote was moving 60% of his family investment to the US.Two days after, we saw him in Tanzania promising to increase his investment in the country because he wants to support the new president, whose business decisions have been investment friendly.
I am happy for him. He has sense. But as a businessman, I am not sure Dangote is a model. Don't take my word for it.
Let the data speak:
In October 2016, Dansa, Dangote's fruit juice company packed up because it wasn't making profit. It closed shop, owing its workers 6 months salary.
He also started a $13 million tomato processing plant in March 2016 and closed shop in August 2017, saying it was because of "importation of tomato paste, shortfall in the supply of fresh tomatoes and power fa...