Opera News

Opera News App

REVEALED: Aliko Dangote started business with a loan from this man.

samba77
By samba77 | self meida writer
Published 7 months ago - 0 views

Most people know Aliko Dangote as one of the biggest businessmen in Nigeria. Currently, he is the richest man in Africa with a net worth of $7.8 billion. He is the chairman of Dangote group that have over 20000 staffs. But not many people know that the successful Kano billionaire started small with a little loan from his uncle.

At 21, Dangote graduated from Al-Azhar University in Cairo Egypt where he studied business. After graduation, he returned to Nigeria to start his own business.

He ventured into business in 1977 with the little loan given to him by his uncle. 3 months after he started business, he paid back the loan, moved to Lagos and continued trading commodities and cement. But his success story will not be complete without mentioning his uncle, Abdulkadir Sanusi Dantata who gave him the loan to start his business. Abdulkadir died on February 7, 2012.

Abdulkadir was born on September 1, 1945, to the Dantata family in Kano. His father Alhaji Alahssan Dantata was a business mogul and one of the richest men in Nigeria at that time. But despite been the son of such wealthy man, Abdulkadir worked very hard to build his own wealth.


His quest for knowledge made him travel to Sudan and Ghana where he acquired a certificate in Islamic studies in 1956. He came back to Nigeria to complete his primary education before proceeding to acquire His grade two teacher's certificate in 1968. He later joined his family business of groundnuts and other agricultural products.

Unlike his peers, his love for business propelled him to establish his Dantata land and Seas, a company that was into civil engineering, transportation, and farming. In 1975, the company later developed into one of the biggest Construction company in Nigeria- Dantata and Sawoe.

He was the chairman of various companies which include Brunelli Construction company limited, Asada group and WJ Syndicate.

Until his death, He earned himself the prestigious national award of the commander of the federal republic (CFR) due to its good works and his contribution to the nations development.

Content created and supplied by: samba77 (via Opera News )

Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

YOU MAY LIKE

Mixed Reactions as Chioma Flaunts Her Curvy Body In a Video Shared Online

37 minutes ago

47 🔥

Mixed Reactions as Chioma Flaunts Her Curvy Body In a Video Shared Online

Sunday Rhema: How To Identify False Prophets

1 hours ago

3 🔥

Sunday Rhema: How To Identify False Prophets

Check Out What Reno Said After The Police Allegedly Arrested OPC Men That Tracked Down Bandit Wakili

1 hours ago

23 🔥

Check Out What Reno Said After The Police Allegedly Arrested OPC Men That Tracked Down Bandit Wakili

CBN starts Naira for Dollar scheme

2 hours ago

108 🔥

CBN starts Naira for Dollar scheme

Survival Fund Update: This is What To Do If Your CAC Number Wasn't Captured

3 hours ago

452 🔥

Survival Fund Update: This is What To Do If Your CAC Number Wasn't Captured

Nigerian Footballer With the most expensive cars in his garage

3 hours ago

80 🔥

Nigerian Footballer With the most expensive cars in his garage

Are You Confused About What You Should Wear To Work This Week? Then See These Inspiring Outfits

3 hours ago

8 🔥

Are You Confused About What You Should Wear To Work This Week? Then See These Inspiring Outfits

Opinion: 5 Most Generous Nigerian Celebrities Who Give Money To Their Fans on Social Media

3 hours ago

2 🔥

Opinion: 5 Most Generous Nigerian Celebrities Who Give Money To Their Fans on Social Media

Ladies, Check Out These Latest And Attractive Ankara Dress Styles To Try This March

4 hours ago

29 🔥

Ladies, Check Out These Latest And Attractive Ankara Dress Styles To Try This March

Proclaim these midnight prayers to attract wealth into your life

5 hours ago

288 🔥

Proclaim these midnight prayers to attract wealth into your life

COMMENTS