in his importation business, Aliko Dangote transforme

 HE ONCE WORKED FOR SOMEONE       

Dangote worked for his uncle, Sani Dangote. He served his master diligently. He acted in accordance to the statement which says if you must lead, you must serve. It was while working for his uncle th usatimes.cc at he gathered experience, skills and confidence.

HE TOOK LOAN TO START HIS BUSINESS

Aliko Dangote started his business with the NGN 500,000 loan he took from his uncle/master. He approached his un usanews.cc cle in 1977 and told him about his plan to establish a business outfit and his uncle gave him the loan to start the business. However, he was given a three-month-deadline and he repaid the loan in three months.

HE STARTED HIS BUSINESS BY TRADING IN COMMODITIES

Sugar, rice, pasta, salt, cotton, millet, cocoa, textile and vegetable oil were the commodities he started hi news s business with. He was importing these commodities into Nigeria.

HE DEVELOPED A STRONG DISTRIBUTION NETWORK

Since production is not complete until the goods reach the final consumer, Dangote developed a strong distribution channel that made his goods delivered faster than his competitors’ goods.

HE LEAPT FROM IMPORTATION TO MANUFACTURING

After some years in his importation business, Aliko Dangote transformed into a producer of products he was importing. In one of his statements, he revealed that changing from an importer to a manufacturer has so far been his best move. The move produced Dangote Group, an organization that controls 

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