Economy
Aliko Dangote Ranks Sixth Among World’s Wealthiest In Manufacturing Industry
Aliko Dangote Ranks Sixth Among World’s Wealthiest In Manufacturing IndustryIn a world dominated by industrial titans, Aliko Dangote’s ascent to the ranks of the world’s wealthiest in the manufacturing industry stands as a testament to his vision, tenacity, and unwavering commitment to transforming Africa’s economic landscape.....KINDLY READ THE FULL STORY HERE▶
With a net worth of $14.3 billion, Dangote has carved a formidable legacy as the founder of Dangote Cement, the leading cement producer in Africa, commanding an impressive 85 percent stake in the company. His entrepreneurial prowess extends to Dangote Fertilizer and Refinery, the largest single-train refinery globally, poised to revolutionize the energy sector on the continent.
Dangote’s remarkable achievement has not gone unnoticed, as he clinched the prestigious sixth position in Insidermonkey.com’s ranking of the world’s richest individuals in manufacturing. His inclusion among the elite echelons of global industrialists underscores Africa’s emergence as a powerhouse in the manufacturing arena.
What sets Dangote apart is not just his staggering wealth, but his unwavering commitment to driving sustainable development and empowering communities across the continent. Through strategic investments in critical sectors such as infrastructure, agriculture, and healthcare, he has catalyzed economic growth, created employment opportunities, and fostered social progress on an unprecedented scale.
Yet, Dangote’s journey to success has been marked by challenges and obstacles that would have deterred lesser individuals. From humble beginnings, he rose to prominence through sheer determination, resilience, and a relentless pursuit of excellence. His story is a beacon of hope for aspiring entrepreneurs, showcasing the transformative power of perseverance and vision.
As the only African among the top 25 billionaires in manufacturing, Dangote serves as a symbol of Africa’s untapped potential and boundless opportunities. His achievements inspire a new generation of leaders to dream big, think boldly, and chart a course towards a brighter, more prosperous future for the continent.
However, Dangote’s success is not just a personal triumph; it is a testament to Africa’s resilience, innovation, and entrepreneurial spirit. By harnessing the continent’s vast resources, talent, and ingenuity, he has demonstrated that Africa is not just a land of promise but a powerhouse of industry and innovation.
In a world grappling with unprecedented challenges, from climate change to economic inequality, Dangote’s vision of inclusive and sustainable development offers a ray of hope. His legacy transcends wealth and status, encompassing a legacy of impact, empowerment, and transformation that will endure for generations to come.
In conclusion, Aliko Dangote’s remarkable journey from humble beginnings to global prominence serves as a powerful reminder of the transformative power of entrepreneurship and perseverance. As Africa’s foremost industrialist, he embodies the continent’s aspirations for prosperity, progress, and dignity. His legacy will continue to inspire and resonate, shaping the future of manufacturing and economic development in Africa and beyond.
Published by Caleb Alfred
According to Nivo News, the World Bank has projected that Nigeria’s economy will grow by 4.4 percent in 2026 and 2027, driven by new tax legislation, prudent monetary policies, and ongoing economic reforms. The announcement was made in the bank’s January 2026 Global Economic Prospects report, which described the anticipated growth rate as the fastest for Nigeria in over a decade.....KINDLY READ THE FULL STORY HERE▶
This latest projection represents an upgrade from the World Bank’s previous forecast of 3.7 percent published in June 2025. The bank highlighted that reforms in the tax system, combined with continued monetary prudence, are expected to stimulate economic activity, improve investor confidence, and reduce inflation. It also noted that increased oil production is likely to offset lower global oil prices, boosting fiscal revenue and strengthening Nigeria’s external balance.
The projection comes against the backdrop of Nigeria’s Gross Domestic Product (GDP) growth of 3.98 percent year-on-year in real terms during the third quarter of 2025, as reported by the National Bureau of Statistics.
Nigeria’s headline inflation rate eased to 14.45 per cent year on year in November 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The report showed that while consumer prices continued to rise on a monthly basis, annual inflation moderated significantly under the revised base year.....KINDLY READ THE FULL STORY HERE▶
The CPI increased to 130.5 points in November from 128.9 points in October, marking a 1.6-point month-on-month rise. Despite this, the headline inflation rate declined from 16.05 per cent recorded in October. The NBS highlighted that the November 2025 figure represents a 1.6 percentage point decrease compared with the previous month.
Monthly inflation, however, rose to 1.22 per cent in November from 0.93 per cent in October, indicating that average prices increased at a faster pace during the month despite the moderation in annual inflation. Headline inflation for November 2025 was 20.15 percentage points lower than the 34.60 per cent recorded in November 2024, reflecting the impact of the rebasing exercise that reset the base year to 2024 from 2009.
Over the twelve months ending November 2025, the average CPI increased by 20.41 per cent, down sharply from 32.77 per cent in the corresponding period of 2024. Food and non-alcoholic beverages remained the largest contributor to annual headline inflation at 5.78 percentage points, followed by restaurants and accommodation services at 1.87 percentage points, and transport at 1.54 percentage points. Housing, water, electricity, gas and other fuels added 1.22 percentage points, while education and health contributed 0.90 and 0.88 percentage points, respectively. On a month-on-month basis, food and non-alcoholic beverages drove price increases with a contribution of 0.49 percentage points.
Urban inflation declined sharply to 13.61 per cent year on year in November, down 23.49 percentage points from November 2024, while rural inflation remained higher at 15.15 per cent but fell 17.12 percentage points from the previous year. Month-on-month, urban inflation slowed to 0.95 per cent, while rural inflation accelerated to 1.88 per cent.
Food inflation moderated annually to 11.08 per cent in November 2025 from 39.93 per cent in November 2024. Monthly food inflation rose to 1.13 per cent, driven by price increases in items such as dried tomatoes, cassava tubers, ground pepper, eggs, crayfish, egusi, oxtail, and fresh onions. Core inflation, which excludes volatile agricultural and energy prices, stood at 18.04 per cent year on year, down from 28.75 per cent in November 2024.
State-level data showed Rivers recorded the highest year-on-year inflation at 17.78 per cent, followed by Ogun at 17.65 per cent and Ekiti at 16.77 per cent. Plateau had the lowest at 9.13 per cent, alongside Kebbi at 10.32 per cent and Katsina at 10.60 per cent. The NBS cautioned that interstate comparisons should be interpreted carefully due to differing consumption patterns and CPI weights across states.
The Nigerian National Petroleum Company Limited (NNPCL) has set a crude oil production target of more than two million barrels per day for 2026, citing strong collaboration with pipeline host communities as a key factor in sustaining increased output.....KINDLY READ THE FULL STORY HERE▶
Akponime Omojevwhe, Head of Field Operations, Eastern Corridor, Project Monitoring Office (PMO), disclosed the projection during a monthly stakeholders’ meeting with host communities along the Trans Niger Pipeline in Port Harcourt. The meeting was organized by Pipeline Infrastructure Nigeria Limited (PINL).
Omojevwhe revealed that the 2026 national production budget is pegged at 2.80 million barrels per day (mbpd), with a starting benchmark of 1.84 mbpd and a targeted achievable output of 2.06 mbpd. He affirmed that the Trans Niger Pipeline is currently operating efficiently, attributing its success to the active cooperation between local communities, stakeholders, and PINL.
He emphasized that community participation is critical to pipeline protection, stating, “No private security structure can succeed without grassroots involvement. The communities are a vital part of this job. Their continued support ensures uninterrupted flow along the pipeline.”
Edi Julius, representing the Minister of State for Petroleum (Oil), Heineken Lokpobiri, lauded the partnership between PINL and the communities, noting that local peace is essential for boosting national oil production. “We are confident that by 2026, Nigeria will exceed two million barrels per day, generating additional revenue and enabling greater support for host communities,” he added.
Dr. Akpos Mezeh, General Manager of Community and Stakeholders’ Relations at PINL, reviewed the year’s progress, highlighting achievements such as strengthened security along the TNP corridor, expanded stakeholder engagement, empowerment programs for women and students, zero incidence of illegal bunkering, and improved community-company trust. He also announced Christmas palliatives for the 215 TNP host communities.
Responding on behalf of the host communities, His Majesty King Philip Osaro Obele urged the federal government to channel more development projects into the region. He praised PINL for its transparency and consistent engagement, emphasizing that ongoing dialogue is essential to maintaining peace along the pipeline.
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