By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Monday, Apr 27, 2026
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
Breaking NewsNigerian economy

Dangote vows to scale up investments in Nigeria, others

Timothy Stephen
Last updated: September 26, 2016 10:15 am
By Timothy Stephen
Share
5 Min Read
SHARE

In recognition of his immense contribution to human capital development in Africa through the establishment of businesses across the African continent, a United States of America based Organization, Africa-America Institute (AAI) has honoured the President of Dangote Group, Aliko Dangote with the “2016 African Business Leader Award.”

The business guru was named and presented the award at a colourful ceremony held on the side-line of the United Nations Congress held in New York city, United States alongside other prominent Africans like Stephen Hayes, President and CEO of the Corporate Council on Africa (CCA), who won the AAI ‘2016 U.S. Business Leader Award’; and Sunil Benimadhu, Executive Director of the Stock Exchange of Mauritius (SEM), who won the AAI ‘2016 Distinguished Alumnus Award.’

Dangote said he was humbled by the award considering the pedigree of the award which celebrates African achievement at the global stage and promised that he would not be deterred by the current economic challenges in Nigeria but would intensify the expansion of his businesses across Africa.

At the award Gala themed “Education: The Key to Africa’s Economic Growth,”, Dangote expressed delight that the Institute broughteducation in Africa to the front burner., noting “I have always been passionate about education because I believe it is a weapon of liberation.

Drawing a reference from a Nelson Mandela quote that: “Education is the most powerful weapon which you can use to change the world.”, the Chairman of Dangote Cement, global, said he identified himself with laudable initiatives that seek to promote educational growth and development, particularly in Africa.

“As a matter of fact, I am a founding member of the Gordon Brown-led Global Business Coalition for Education. Education is also one of the cardinal areas that the Aliko Dangote Foundation focuses on. I believe quality and affordable education will address the immense social and economic inequalities that often breed discontent in many parts of Africa. I also believe education will strengthen the human capital that will drive Africa’s development in the 21st Century.

2027: ‘Step Aside or Lose Out’ — Pressure Mounts on Atiku as Obi–Kwankwaso Gains Ground
Nigeria Named Among Top 10 Countries Facing Worst Global Food Crisis
$516 Million Loan: ‘Why Are We Still Borrowing After Fuel Subsidy Removal?’ — Sanusi
BREAKING!!! President Tinubu Seeks Fresh $516m Loan

“I am happy to note that AAI has been contributing to Africa’s development, through training and education, since it was founded 63 years ago. This award is coming at a time the Dangote Group is rapidly expanding its footprints across Africa, and into new sectors.

“Last year alone, we commenced cement operations in Ethiopia, Zambia, Cameroon, South Africa, Senegal and Tanzania. By 2019, we will have operations in 18 countries with a total capacity of nearly 80MMTPA, thus making us the largest cement producer in Africa and the 6th largest in the world.

“Over the next few years, we will be investing nearly $20billion in projects ranging from a petroleum refinery, petrochemicals, fertiliser, gas pipeline, and backward integration in sugar and rice production. These projects will create over 250,000 jobs and provide foreign exchange earnings and savings of $16billion for the country and help diversify our economy. Central to this developmental trajectory is the need for capacity building and ramping up of the quality of skills of a fast growing African workforce.

“Despite the current economic challenges, we will continue to scale up the value of our investments not only in Nigeria but also across the entire continent, because we believe in Nigeria’s and Africa’s potential. We believe that it is only by sustained massive investments in infrastructure across the continent, supported with access to education, that Africa can reach its full potential.

“This award will further encourage us to redouble our efforts as we work towards promoting Africa’s economic renaissance. We are grateful to the organisers for recognising our modest efforts to transform Africa”, He stated.

Founded in 1953, The Africa-America Institute (AAI) is a premier U.S.-based international organization dedicated to strengthening human capacity of Africans and promoting the continent’s development through higher education and skills training, convening activities, program implementation and management.

Its primary model is to identify capacity-building projects and coordinate the programmatic, financial administration and evaluation necessary to deliver high-impact results.

Source: Naij

author avatar
Timothy Stephen
9News Nigeria Global Breaking News Platform News from Nigeria News from Africa Nigerian News African News
See Full Bio
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
ByTimothy Stephen
Follow:
9News Nigeria Global Breaking News Platform News from Nigeria News from Africa Nigerian News African News
Previous Article Probe your own brother, ousted Thai’s first female Prime Minister tells junta chief
Next Article Investors urge food companies to shift from meat to plants
Search
– Advertisement –
Latest News
  • Gunmen kill ECWA pastor, wife, two children in fresh Plateau attack April 27, 2026
  • Nollywood mourns as actor Solomon Akiyesi dies in his sleep April 27, 2026
  • Unknown Gunmen Abduct 23 Pupils in Kogi State April 27, 2026
  • BREAKING: Court bars journalists from covering trial of alleged coup plotters April 27, 2026
  • 2027: Tinubu Backs Bamidele, Yari, Kalu for Senate Return April 27, 2026
  • 2027: ‘Step Aside or Lose Out’ — Pressure Mounts on Atiku as Obi–Kwankwaso Gains Ground April 27, 2026
  • 2027 Ibadan Declaration: Hazards, red flags, mountains before Tinubu, INEC April 26, 2026
  • During Murtala’s regime, we gave Angola $20 million, We did the same with South Africa — Obasanjo April 26, 2026
  • APC Chieftains in Okigwe Rally Behind Longers Anyanwu April 26, 2026
  • Three suspected killers of Plateau monarch burnt to death by mob April 25, 2026
– Advertisement –
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

Breaking NewsHot News

2027: It Is Too Late For Peter Obi To Return To Labour Party – Nenadi Usman Gives Reasons

April 23, 2026
Breaking NewsHot News

BREAKING!!! Tinubu Sacks Finance Minister Wale Edun Weeks After Hon. Alex Mascot Exposed ‘Missing’ N1.15tr

April 21, 2026
Breaking NewsHot News

FG Files 13-Count Treason Charge Against Alleged Coup Plotters

April 21, 2026
Boko Haram Issues 72 Hour Deadline Over 416 Abducted Borno Residents
Boko HaramBreaking News

Boko Haram Issues 72-Hour Ultimatum Over 416 Borno Captives

April 20, 2026
Breaking NewsHot News

2027: Tinubu Must Complete Eight-Year Tenure — Arewa Youths Insist

April 20, 2026
Breaking NewsHot News

2027 : Kwankwaso Agrees to be Peter Obi’s Running Mate

April 17, 2026
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • Events
  • National Security
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • The Love of God
  • World News
  • Business
  • Crime and Investigation

9NEWS NIGERIA

  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?