Dangote: Biggest mess created in 2023 was devaluation of naira

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Aliko Dangote, chairman of Dangote Industries Limited, says the devaluation of naira created the biggest mess for the company in 2023.

According to Dangote, the company is putting in efforts to ensure it pays dividends this year.

Dangote said the rice factory in Jigawa is expected to be commissioned soon, adding that Dangote Sugar will reapply for the merger when the time is right.DANGOTE SUGAR TO END SUGAR IMPORTATION IN 2028 “We have done a lot, but we also have our fears because if there is no proper implementation, we do not want to go and sink a lot of your money and we end up losing money because if government is not following or making sure that everybody behaves, then we will not be able to make money. But right now, I think they have called us.“We have sat down and I can assure you on our own, we think the best future of this company is through the backward integration.

 

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