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Fortune Magazine Names Dangote 11th Greatest Leaders on Earth
Foremost philanthropist and richest man in Africa, Mr Aliko Dangote, has been rated 11th of the 50 World’s Greatest leaders for 2019.
The rating carried out by the Fortune Magazine, an American multinational business magazine headquartered in New York City, United States, was released recently and focused mainly on the businesses run by the men and how they have used it to impact their society positively.
The time-tested magazine, which first edition was published in February 1930, said the world’s greatest leaders both men and women are transforming the world and inspiring others to do so in business, government, philanthropy and the arts.
“These thinkers, speakers, and doers make bold choices and take big risks- and move others to do the same”, the magazine declared.
This is the first time Fortune magazine is recognizing and including Aliko Dangote in the annual ranking. Specifically, Dangote having popped up in the magazine’s radar earned nomination after being adjudged as having used business to acquire wealth and who is now converting his wealth into impactful philanthropy through his Aliko Dangote Foundation.
The top 10 greatest men and women, according to Fortune are: Bill and Melinda Gates, Jacinda Ardem (Prime Minister, New Zealand), Robert Mueller (Special Counsel, Department of Justice), Pony Ma (Founder and CEO, Tencent), Satya Nadella (CEO, Microsoft), Greta Thunberg (Student and climate activist, Sweden), Margrethe Vestager (Commissioner for Competition, European Union), Anna Nimiriano (Editor-in-Chief, Juba Monitor), Jose Andres (Chef/Founder, World Central Kitchen), and Dough Mcmillon and Lisa Woods (CEO; Senior Director, Strategy & Design for U.S. Benefits, Walmart).
The ranking of Mr Dangote as one of the greatest business leaders has attracted comments by eminent persons around the world who described him as worthy of the nomination going by his business acumen and philanthropic gestures.
Global business giant and founder of Bill and Melinda Gates Foundation, Mr Bill Gate extolled the efforts of Mr Dangote in making businesses play roles in provision of sound public health through his various interventions in health care issues especially in the fight against malnutrition and routine polio.
Mr Gates, who himself was ranked along with Dangote, said “Aliko Dangote, through his leadership at the Aliko Dangote Foundation, is a key partner in the Polio eradication effort, strengthening routine immunisation and fighting malnutrition in Nigeria and across Africa. Aliko bridges the gap between private business and public health in a unique way and our shared belief that Nigeria will thrive when every Nigerian is able to thrive drives our partnership.”
Renowned activist and co-founder of ONE, Paul David Hewson, popularly called Mr Bono said he was not surprised at Mr Dangote’s feat globally, saying his vision is as big as the African continent.
Mr Bono, a global campaigner on taking action to end extreme poverty especially in Africa said: “Aliko has a vision just the size of his continent, but with humility of somebody who has just started his first job. It’s no surprise to me that Fortune would recognise his leadership because we have seen first-hand, through his service on ONE’s Board, the benefits of his wise counsel and grace.”
Also, the popular Economic analyst, Mr Bismark Rewane stated that “Aliko remains understated but very potent and Africa’s most successful and decorated entrepreneur. He is a global financial and managerial behemoth.”
Mr Dangote as the Africa’s richest – worth $16.4 billion, according to Bloomberg – and the four publicly traded companies under the umbrella of his Dangote Industries now account for about a third of the value of the Nigerian stock exchange.
That wealth is based on a big bet on Nigeria’s economic independence: Dangote’s peers give him credit for helping the country become self-sufficient in the sectors in which his companies compete (cement, agriculture and mining).
The Aliko Dangote Foundation (ADF) is the Philanthropic endeavor of Aliko Dangote. The main objective of the Foundation is to reduce the number of lives lost to malnutrition and disease.
The Foundation is poised to combat Severe Acute Malnutrition (SAM) in children, as the core of its programming. It has also resolved to use its investments in health, education, and economic empowerment to help lift people out of poverty.
It would be recalled that Dangote was last year ranked among 75 most powerful persons on the planet, ahead of the Vice-President of the United States of America, Mike Pence.
Aliko Dangote has been named among most powerful persons in the world for the past five consecutive years. According to the Forbe’s 2018 ranking of the World Powerful people, Dangote ranked among world leaders like Xi Jinping, the Chinese President, Vladimir Putin the Russian President and Donald Trump, the President of the US, all of whom were ranked first, second and third respectively.
He was the only Nigerian on the list and one of the only two Africans who made the list with the other being the Egyptian President, Abdel Fattah el-Sisi, who was ranked 45thmost powerful.
In the same vein, he was named among the 100 most influential personalities in the world in 2018 by Time Magazine, leading business broadcast organisation. The CNBC had earlier in same year ranked Mr Dangote as one of the 25 people which have had most profound impact on business and finance worldwide.
He was rated the most influential African by Jeune Afrique in their classification of the most influential 50 Africans in 2018, and was also named the 6th most charitable person in the world in the same year according to Richtopia, a United Kingdom-based digital platform. He is, in addition, the richest African, according to Forbes.
Mr Dangote stepped up his humanitarian activities recently spending billions of Naira to build hospitals and critical hospital equipment, the lack of which has forced Nigerians of means to seek medical attention abroad.
He also donated a N1.2 billion Business School complex to Bayero University in Kano and another one for the University of Ibadan Business School. Last month he donated 10 blocks of hall of students’ hostel that can accommodate 2,160 beds to the Ahmadu Bello University, Zaria, Kaduna state.
The business mogul has continued through the Foundation by disbursing N10 billion to vulnerable women across the 774 local governments in the country.
Mr Dangote made a donation of $2 million to the World Food Programme as part of efforts to help Pakistani nationals devastated by floods in the year 2010.
Mr Aliko Dangote was made the chairperson of the Presidential Committee on Flood Relief, which raised in excess of N11.35 billion, of which Dangote himself contributed N2.5 billion, an amount higher than the entire contribution from the 36 state governors in Nigeria.
So far, the Foundation has spent over N7 billion in the troubled North Eastern part of Nigeria to see that the Internally Displaced Persons as a result of the activities of insurgents, are re-integrated back to the bigger society.
General
Insecurity: Reps Summon Finance Minister, Service Chiefs, Others
By Adedapo Adesanya
The House of Representatives has passed a resolution to summon the Minister of Finance, Mr Taiwo Oyedele, alongside the Minister of Defence, Mr Christopher Musa; the Inspector General of Police (IGP), Mr Tunji Disu, and the Director-General of the State Security Service (DSS), Mr Adeola Ajayi, to appear before it to outline details of funds released to the security agencies in the last six months.
Others invited include the service chiefs and the Director-General of the National Intelligence Agency (NIA), Mr Mohammed Mohammed.
The green chamber of the National Assembly also urged President Bola Tinubu to direct the recruitment of forest guards in all the states experiencing any form of insecurity, as he did in Oyo State.
Tuesday’s resolutions followed motions of insecurity received in the House amid rising criminal activities in several parts of the country.
Last month, terrorists abducted over 40 students and teachers from some schools in Oyo State.
In Borno, kidnappers also took away scores of students and teachers, with both incidents sparking national outrage.
Amid the wave of mass abductions, the Nigeria Union of Teachers (NUT) protested across the country, calling for the release of the abductees.
Several groups also protested and demanded freedom for the kidnapped victims.
In response to the attack in Oyo, President Tinubu sent a high-powered delegation, including his Chief of Staff, Mr Femi Gbajabiamila, and the National Security Adviser (NSA), Mr Nuhu Ribadu, to the community, among others.
During a meeting with the community, Mr Gbajabiamila said Mr Tinubu is disturbed about the incident. He
Mr Gbajabiamila said Tinubu’s decision to dispatch the nation’s top security leadership to the affected communities reflected his determination to deploy every available resource towards securing the victims’ release.
The President also approved the recruitment of 1,000 forest guards and vowed to defeat insecurity and secure the release of all persons held captive across the country.
He also directed a specialised security unit with advanced rescue capabilities to intensify efforts to secure the release of the abducted pupils and teachers.
General
Jim Ovia Bets on Luxury Housing With New Multi-Billion Naira Lagos Towers
By Adedapo Adesanya
Nigerian business leader and Zenith Bank founder, Mr Jim Ovia, is expanding his footprint in real estate with the construction of a 26-floor Metropolitan Towers residential development in Lagos, where units start at $1.85 million (N2.5 billion), as well as the completion of a 44-unit Quantum Luxury Towers high-rise, where apartments start from $2.8 million (N3.8 billion).
Mr Ovia, who until recently retired as the chairman of Zenith Bank, Nigeria’s biggest lender by market value, through his Quantum Luxury Properties Limited business, is seeking to deepen his property investments.
Among his most notable property investments is the transformation of previously underutilised waterfront land on Ozumba Mbadiwe in Lagos into premium commercial and hospitality assets. These developments include the Civic Centre, Civic Towers and hospitality properties that have become prominent landmarks within Lagos’ commercial landscape.
At a recent gathering, the businessman described real estate as a more profitable venture than banking, pointing to the significant value created through strategic property investments over the years.
Mr Ovia noted that some of his most rewarding investments have come from real estate developments rather than traditional banking operations.
His latest play comes as rapid urban population growth and increasing demand for commercial space have strengthened the real estate sector’s long-term fundamentals, while the country faces rising housing deficits.
After his retirement from Zenith Bank, following the completion of the regulatory maximum tenure of 12 years as a non-executive director and chairman under corporate governance guidelines of the Central Bank of Nigeria (CBN), Mr Mustafa Bello was announced as the new chairman, effective April 27, 2026.
Beyond banking and real estate, the tycoon has also developed a significant interest in telecommunications and technology, particularly Visafone in 2007, which he built to become Nigeria’s largest Code Division Multiple Access (CDMA) telco serving over 2 million subscribers and owned 800MHz spectrum licenses, setting the foundation for future 4G services.
In January 2016, South African telco group MTN bought Visafone for over N47 billion to improve its broadband services in its biggest market.
General
Navy Intercepts 92,660 Litres of Illegally Refined Diesel in Rivers
By Adedapo Adesanya
The Nigerian Navy has recorded another breakthrough in its campaign against crude oil theft and illegal refining in the Niger Delta, recovering 92,660 litres of suspected illegally refined Automotive Gas Oil (AGO), commonly known as diesel, along the Rivers-Bayelsa border.
The recovery was made under Operation Delta Sentinel following intelligence reports that led personnel of the Nigerian Navy Ship (NNS) SOROH to the Okolomade community in Abua-Odual Local Government Area of Rivers State.
According to a statement issued by the Director of Naval Information, Captain Abiodun Folorunsho, aerial surveillance and follow-up search operations uncovered about 138 sacks containing suspected illegally refined diesel. The products were reportedly hidden beneath thick vegetation and at several concealed locations along adjoining waterways.
The maritime force said the discovery highlights the evolving tactics being adopted by illegal petroleum operators, who increasingly use remote creek corridors and hidden storage points to evade detection by security agencies.
Mr Folorunsho noted that the recovered products were handled in line with existing regulatory procedures, effectively preventing them from being distributed through illegal channels.
He stated that the operation forms part of ongoing efforts to dismantle networks involved in crude oil theft, illegal refining and unauthorised petroleum distribution across the Niger Delta. Solid minerals reports
“The operation demonstrates our continued commitment to intelligence-driven actions aimed at disrupting economic sabotage and protecting Nigeria’s critical oil and gas assets,” the statement said.
The latest recovery adds to a series of recent successes recorded by security agencies in the region as authorities intensify efforts to curb oil theft, protect national revenue, improve environmental security in oil-producing communities and help the Nigerian economy
The Nigerian Navy reaffirmed its resolve to sustain surveillance and enforcement operations across the Niger Delta, stressing that collaboration with local communities and timely intelligence remain critical to combating illegal petroleum activities.
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