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“It’s Not Up to the Government to Create Jobs”: Africa’s Most Powerful Businessman, Dangote

This is a statement that could shock, but if it comes from the most powerful businessman in Africa, then it is worth all its weight in gold. Contrary to popular belief that it is up to governments to create jobs, Aliko Dangote seems to be rowing against the grain. For the first African fortune, it is not the states that must create jobs, but the “entrepreneurs”. 

Speaking at the Financial Times Africa Summit last October, on the theme: “What Makes Africa Work? – A Leader’s View (“What makes Africa work – A leader’s point of view”) , the Nigerian tycoon argued that government interventions should be limited to “creating an enabling environment for private sector “.

In contrast, the man whose fortune is estimated at $ 16.7 billion or € 14.8 billion, sets two priorities for the government: a stable electricity supply and predictable economic policies.

At 62, the rise of Aliko Dangote seems irresistible. Nearly unknown outside Nigeria ten years ago, the richest man in Africa now enjoys a status worthy of a head of state.

He has a passport stamped “African Union” and his aura goes beyond the borders of the continent.

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