‘Seun Ibukun-Oni, Abuja
Daily Courier – Kano state Executive Council has approved the renaming of Kano state University of Science and Technlogy (KUST), Wudil.
This was contained in a statement released to Daily Courier after the state executive council meeting on May 27, 2022.
Dangote was born in Kano, Kano State into a wealthy Hausa family. His mother, Mariya Sanusi Dantata, was the daughter of businessman Sanusi Dantata. Aliko Dangote’s father, Mohammed Dangote, was a business associate of Sanusi Dantata. Through his mother, Dangote is the great-grandson of Alhassan Dantata, the richest West African at the time of his death in 1955.
Dangote was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano. In 1978, he graduated from the Government College, Birnin Kudu. He received a bachelor’s degree in business studies and administration from Al-Azhar University, Cairo.
The Dangote Group was established as a small trading firm in 1977, the same year Dangote relocated to Lagos to expand the company. Dangote received a $500,000 loan from his uncle to begin trading in commodities including bagged cement as well as agricultural goods like rice and sugar. In the 1990s, he approached the Central Bank of Nigeria with the idea that it would be cheaper for the bank to allow his transport company to manage their fleet of staff buses, a proposal that was also approved.
Today, the Dangote Group is one of the largest conglomerates in Africa, with international operations in Benin, Ghana, Zambia and Togo. The Dangote Group has moved from being a trading company to be the largest industrial group in Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, and Dangote Flour. Dangote Group dominates the sugar market in Nigeria, with its refinery business is the main supplier (70 percent of the market) to the country’s soft drink companies, breweries and confectioners. The company employs more than 11,000 people in West Africa.