PHOTO Credit: Benedicte Kurzen/NOOR

Billionaire Mindset: Business quotes by Aliko Dangote every entrepreneur should note

Aliko Dangote is famous to be Africa’s richest person, he was born in Kano, Kano Nigeria, in 1957. Dangote’s mother is Mariya Sanusi Dantata, the daughter of business mogul Sanusi Dantata.

Dangote’s father Mohammed Dangote was a businessman associated with Sanusi Dantata who is the father of Mariya Dantata. He obtained his primary education at the Sheikh Ali Kumasi Madrasa, and then proceeded to Capital High School Kano.

At the time of filing this content, Dangote is estimated by Forbes to be worth $13.4 billion; making him the richest man in Nigeria/Africa and the #134 richest man in the world.

Here are some business-related quotes by the business mogul;

On business and customer service

My grandfather once told me; the soul of business is not making money but making people happy.

On Economy

When you import, you are importing poverty into your country… When you export you are creating jobs here and exporting poverty to them.

Nigeria is importing poverty, let’s export it instead — Aliko Dangote

Patience 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.”

On hiring new employees

I always make sure I hire people smarter than me.

On how to handle business and government relationship

I keep telling people you cannot clap with one hand. You need two hands to clap. You need cooperation between investors and people in government, for them first to understand what you are up to and for you to also understand what they (the government) are up to.
When you think that they are draining you, you try to advise them. And when the government believes that you’re not doing the right thing, they too have the right to tell you that.

On investment

First, I only enter a business that I can fully understand. I never enter a business that is not clear to me. The second principle is that I have to be able to become number one or, at worst, number two in that business.

All these challenges that we are facing [as a continent; Africa] are not permanent challenges. They are temporary and they will go away. But you can only benefit if you are in line, which means you are already here.

On perseverance

Endeavour 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.”

On starting a business

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

On business success

I have never thought of making it to the top of the Forbes list…I am really grateful to God I am there and it is tough to be there. When you are there, you really have to make sure you don’t get off the list.


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The information in this article was curated from online sources. All details cannot be independently verified by NewsWireNGR or its editorial team.

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