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Fortune Magazine Names Dangote 11th Greatest Leaders on Earth

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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.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Nasarawa Orders Immediate Shutdown of Mining Activities in Endo Community

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Lideal Mining Company

By Adedapo Adesanya

The Nasarawa State government has ordered the immediate suspension of mining activities at Endo community in Udege, directing Lideal Mining Company to stop operations and vacate the site without delay.

The government also ordered an immediate halt to the movement of raw minerals from the location, tightening restrictions around the disputed mining area.

The latest intervention by the state government signals a tougher stance on mining operations considered capable of threatening public order or operating outside established procedures.

Announcing the decision in Lafia, the state capital, the Commissioner for Environment and Natural Resources, Mrs Margaret Elayo, said the action followed a series of consultations, stakeholder engagements and security assessments linked to activities within the affected mining cadastral unit.

She said the directive was issued in the public interest as part of efforts to maintain order, protect host communities and strengthen regulatory compliance in the state’s mining sector.

According to the commissioner, the company has been instructed to begin the immediate withdrawal of its mining equipment, heavy machinery, trucks, operational facilities and personnel from the site.

Mrs Elayo said the move aligns with the administration of Governor Abdullahi Sule, which has repeatedly pledged to enforce lawful mining practices, preserve peace in mining communities and build investor confidence through transparent regulatory processes.

She stressed that the government’s decision forms part of a broader plan to reposition the mining sector and ensure that mineral development does not undermine security, environmental standards or community stability.

To enforce compliance, the state government has directed the deployment of security personnel to the affected mining site to prevent unauthorised activities and ensure full adherence to the suspension order.

Nasarawa remains one of Nigeria’s key solid minerals states, attracting growing interest from mining investors because it contains lithium, tin, columbite and other strategic minerals.

However, increased mining activity has also heightened concerns around regulation, community disputes, environmental protection and security management.

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EFCC Arrests Convicted Ex-Power Minister Saleh Mamman

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EFCC Arrest Saleh Mamman

By Modupe Gbadeyanka

The recently-convicted former Minister of Power, Mr Saleh Mamman, has been arrested by the Economic and Financial Crimes Commission (EFCC).

Chairman of the EFCC, Mr Ola Olukoyede, during a press briefing in Abuja on Tuesday, said the former senior government official was apprehended this afternoon along with two others accused of shielding him.

Earlier this month, Justice James Omotosho of the Federal High Court in Abuja convicted Mr Mamman for N33.8 billion fraud after he was found guilty of a 12-count charge brought against him by the EFCC. He was sentenced to 75 years in prison, though he was not present in court on the day of his sentencing.

Speaking with journalists today, Mr Olukoyede said the convict was arrested at 3:30 am on Tuesday in a house in Kano, where he was allegedly being protected.

“Ladies and gentlemen, you will recall that sometime in January 2025, we filed charges against the ex-minister of power for allegedly converting over N33 billion – money that was set aside for the Mambilla and Zungeru power projects,” Olukoyede said during a press briefing.

“About 14 to 15 months down the line, specifically on the 7th of this month, we secured convictions on all 12 counts. Because the defendant was not present, the issue of sentencing was shifted. And on the 13th of this month, he was sentenced in absentia.

“Since then, we decided to open our intelligence surveillance to the public, looking for him all over the place. I am happy to announce to Nigerians that at about 3:30 a.m. this morning, we arrested Mr Saleh Mamman somewhere in Kano. We have discovered that he was actually being protected all this while,” he said.

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UK Backs Pan-African Founder Support Programme at London Tech Week

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UK Pan-African Founder Programme

By Adedapo Adesanya

The United Kingdom is deepening efforts to position itself as a preferred global expansion hub for African startups with the launch of the UK–Africa Ecosystem Week, a coordinated support programme to be delivered during London Tech Week.

Powered by the UK–Africa Sandbox and Ventures 54 in partnership with the UK Department for Business and Trade (DBT), the initiative is expected to provide African founders with structured support to navigate business, investment and networking opportunities in the UK market.

The programme is also backed by the UK Nigeria Tech Hub, the UK South Africa Tech Hub, London & Partners and the Mayor of London’s office, signalling growing institutional support for stronger commercial and technology ties between the UK and African innovation ecosystems.

According to the organisers, the initiative introduces a more coordinated approach to participation at London Tech Week, one of the world’s largest annual technology gatherings, which attracts over 100,000 participants across more than 500 events yearly.

Founders participating in the programme will gain access to curated sessions, concierge-style support services, dedicated workspaces, investor engagement opportunities and market entry guidance tailored to African technology companies seeking expansion into the UK.

A flagship UK–Africa Ecosystem Day will also bring together investors, policymakers, ecosystem builders and founders to discuss commercial expansion opportunities and partnerships between both regions.

Founder of Ventures 54 and UK-Africa Sandbox, Mr Anthony William Catt, said the initiative was developed in response to the increasing number of African startups travelling to London Tech Week over the last few years.

He explained that what started as informal networking gatherings under the London Africa Network had evolved into structured programming and has now scaled into a full week of activities aimed at helping founders maximise opportunities available within the UK ecosystem.

“This is about putting the right structure in place, so African founders have a dedicated support track to get the most out of the week and access the best of what the UK has to offer,” he said.

Speaking on the initiative, Acting His Majesty’s Trade Commissioner for Africa, Mr Ben Ainsley, described the UK as a natural destination for ambitious African startups due to its large technology ecosystem, deep venture capital market and access to global talent.

“The UK Government is committed to supporting high-growth international companies succeed in the UK and initiatives like the UK–Africa Sandbox demonstrate our focus on making it easier for African founders to access support and fully engage with the UK’s world-class innovation ecosystem.”

The programme is expected to attract delegations and founders from countries including Nigeria, South Africa, Kenya, Egypt, Algeria and Ghana.

Organisers added that the initiative would extend beyond London Tech Week through the broader UK–Africa Sandbox platform, which aims to support African founders entering the UK market while also creating pathways for UK startups seeking expansion opportunities across Africa.

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