This devaluation alone, we have lost over 50 billion naira ($176 million), the gas, which is our main source of power, is priced in dollars. If there is 40 percent devaluation, your price will go up by 40 percent. Every single aspect of the production will go up by that percentage.

Aliko Dangote

Categorized in : Business

I built a conglomerate and emerged the richest black man in the world in 2008 but it didn’t happen overnight. It took me 30 years to get to where I am today. Youths of today aspire to be like me but they want to achieve it overnight. It’s not going to work. To build a successful business, you must start small and dream big. In the journey of entrepreneurship, tenacity of purpose is supreme.

Aliko Dangote

successful journey dream

I enjoy myself a lot but I derive more joy in working. I believe in hard work and one of my business success secrets is hard work. It's hard to see a youth that will go to bed by 2am and wake up by 5am. I don't rest until I achieve something.

Aliko Dangote

hard-work joy believe

Endeavor to work as hard as possible to attain a new aim with each day that comes by. Don't go to bed until you have achieved something productive

Aliko Dangote

endeavor bed each-day

When you have made it in life, you must give back to those who made you.

Aliko Dangote

giving-back made giving

Passion is what drives me forward. Passion is what makes me go to bed at 2am and wake up at 6am.

Aliko Dangote

wake-up passion bed

If you don’t have ambition, you shouldn’t be alive

Aliko Dangote

alive ambition ifs

In the journey to success, tenacity of purpose is supreme.

Aliko Dangote

tenacity purpose journey

Don't kill the competition. Competition is healthy for businesses. It keeps you the entrepreneur on your toes.

Aliko Dangote

entrepreneur competition healthy

Africa's risks are mainly perceived and not real. Unfortunately for us in Africa we are not really very good at telling our own story. But things are changing and people are beginning to understand that things are going very, very well.

Aliko Dangote

risk real people

To build a successful business, you must start small and dream big.

Aliko Dangote

tenacity successful dream

In whatever you do, strive to be the best at it.

Aliko Dangote

strive being-the-best perfection

To succeed in business, you must build a brand and never destroy it. One competitive advantage I had when I ventured into manufacturing was my brand “Dangote,” which I diligently built in the course of my trading commodities.

Aliko Dangote

commodity advantage succeed

Let me tell you this and I want to really emphasize it...nothing is going to help Nigeria like Nigerians bringing back their money. If you give me $5 billion today, I will invest everything here in Nigeria. Let us put our heads together and work.

Aliko Dangote

together want giving

Manufacture, don't just trade. There is money in manufacturing even though it is capital intensive. To achieve a big breakthrough, I had to start manufacturing the same product I was trading on; which is commodities.

Aliko Dangote

commodity achieve bigs

Every morning when I wake up, I make up my mind to solve as many problems, before retiring home

Aliko Dangote

mind home morning

I need a visa in almost 38 countries, which means an American has more access into Africa than myself.

Aliko Dangote

mean country needs

You could easily tell that hardwork and perseverance go hand in hand with patience. We often hear people say patience is worth it, yet we don't practice it. I did and look how well it worked out for me.

Aliko Dangote

perseverance practice hands

Nigeria is one of the best-kept secrets.

Aliko Dangote

best-kept-secrets kept-secrets secret

After my death, I want to be remembered as Africa's greatest industrialist.

Aliko Dangote

remembered want

We have been badly affected like any other company, when you are talking about 20 billion dollars worth of projects, what is 161 million? One-hundred-and-sixty-one million dollars is my six weeks' need.

Aliko Dangote

business