Aliko Dangote, chairman of the Dangote Group, says his company is working with the Nigerian Exchange (NGX) and the Securities and Exchange Commission (SEC) to facilitate the payment of dividends in dollars.
Dangote spoke on Thursday at the unveiling of Dangote Group’s ‘$100bn Vision 2030: Accelerating Africa’s Industrialization’.
The billionaire said the conglomerate is targeting $100 billion in annual revenue by 2030, a scale that would place it “among the top 100 companies in the world”.
“By 2030, the Dangote Group will become a $100 billion revenue enterprise,” he said.
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“When we get there, we will be one of the 100 top companies in the world. We will also have approximately over $200 billion market capitalisation.
“We are working with the NGX and the SEC to make sure that we will pay our dividends in dollars. The most honourable minister of finance and coordinating minister of economy will give approval to that.”
Dangote said the dividend payments will not come from the Central Bank of Nigeria (CBN), noting that ongoing projects — including the fertiliser business — will generate about $6.4 billion in revenue inflows for the country.
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“So we will have enough money to pay for dividends in dollars,” he added.
The group chairman said the company’s vision is to lead Africa’s industrial transformation by building globally competitive businesses that make the country self-sufficient and prosperous.
“Our mission is to build and operate world-class businesses that transform Africa’s business into essential products, creating jobs, value and self-sufficiency across the continent,” the industrialist said.
He noted that the vision and mission outlined are not “merely inspirational language” but a specific, measurable, and achievable roadmap that is already underway.
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