{"id":166,"date":"2024-01-22T13:45:43","date_gmt":"2024-01-22T18:45:43","guid":{"rendered":"https:\/\/lanouvelletribune.info\/en\/?p=166"},"modified":"2024-01-22T13:46:11","modified_gmt":"2024-01-22T18:46:11","slug":"dangote-this-famous-billionaire-explains-why-he-acquired-shares-in-his-company","status":"publish","type":"post","link":"https:\/\/lanouvelletribune.info\/en\/2024\/01\/dangote-this-famous-billionaire-explains-why-he-acquired-shares-in-his-company\/","title":{"rendered":"Dangote: this famous billionaire explains why he acquired shares in his company"},"content":{"rendered":"\n<p>Nigerian business magnate and billionaire investor <strong>Femi Otedola <\/strong>recently announced a significant acquisition of shares in <strong>Dangote Cement,<\/strong> the cement giant in Africa. This strategic decision reflects <strong>Otedola<\/strong>&#8216;s confidence in <strong>Dangote Cement<\/strong>&#8216;s potential to generate foreign exchange for Nigeria, emphasizing his commitment to businesses that contribute to the country&#8217;s economic resilience.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>As the largest cement producer in sub-Saharan Africa, <strong>Dangote Cement <\/strong>boasts an annual production capacity of 51.6 million tonnes spread across ten countries. This extensive footprint not only underscores the company&#8217;s dominance in the cement industry but also its crucial role in regional economic growth.<\/p>\n\n\n\n<p>The recent expansion of <strong>Dangote Cement<\/strong>, including a new six-million-tonne plant in <strong>Itori, Ogun State<\/strong>, enhances its export capacity, thereby contributing to the economic diversification of <strong>Nigeria. Otedola<\/strong> highlighted the importance of the company&#8217;s export capabilities for regional economic integration and growth, justifying his investment.<\/p>\n\n\n\n<p><strong>Otedola<\/strong>&#8216;s investment aligns with his vision for the long-term preservation of wealth and his belief that shareholders should be the primary beneficiaries of a company&#8217;s success. <strong>Dangote Cement<\/strong>&#8216;s unique position with two export terminals presents a significant opportunity to earn foreign exchange, crucial for the Nigerian economy, and its pan-African presence makes it an ideal investment choice.<\/p>\n\n\n\n<p><strong>Dangote Cement<\/strong>&#8216;s track record of dividend payments and its commitment to sustainable business practices resonate with <strong>Otedola<\/strong>&#8216;s investment principles. His investment strategy prioritizes well-managed companies with strong governance, operating on the principle that the entity is greater than any individual.<\/p>\n\n\n\n<p>The evolving regulatory landscape in <strong>Nigeria,<\/strong> focusing on environmental, social, and governance (ESG) compliance, complements Otedola&#8217;s investment criteria. Companies like Dangote Cement, adhering to these principles, are more likely to ensure transparency, accountability, and long-term value creation.<\/p>\n\n\n\n<p><strong>Otedola<\/strong>&#8216;s investment in Dangote Cement is not just a strategic financial decision but also a call to action for Nigerians to invest in companies that offer financial returns while playing a crucial role in the country&#8217;s economic growth and stability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigerian business magnate and billionaire investor Femi Otedola recently announced a significant acquisition of shares in Dangote Cement, the cement giant in Africa. This strategic decision reflects Otedola&#8216;s confidence in Dangote Cement&#8216;s potential to generate foreign exchange for Nigeria, emphasizing his commitment to businesses that contribute to the country&#8217;s economic resilience.<\/p>\n","protected":false},"author":3,"featured_media":167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[17],"class_list":["post-166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-aliko-dangote"],"_links":{"self":[{"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/posts\/166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/comments?post=166"}],"version-history":[{"count":2,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/posts\/166\/revisions"}],"predecessor-version":[{"id":169,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/posts\/166\/revisions\/169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/media\/167"}],"wp:attachment":[{"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/media?parent=166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/categories?post=166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lanouvelletribune.info\/en\/wp-json\/wp\/v2\/tags?post=166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}