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Title:Dangote cement: an African success story?
Authors:Akinyoade, AkinyinkaISNI
Uche, ChibuikeISNI
Series:ASC working paper
City of publisher:Leiden
Publisher:African Studies Centre
Geographic term:Nigeria
Subject:cement industry
External link:https://hdl.handle.net/1887/38674
Abstract:This paper critiques the rise of Dangote Cement plc to become the dominant player in the Nigerian cement industry. Although the close relationship between the company's founder, Aliko Dangote, and subsequent Nigerian governments has been an important factor in this success story, the authors argue that it is not the only explanatory variable. Dangote's entrepreneurial skills and understanding of the Nigerian political and economic environment enabled him to proactively predict and exploit the rapid increase in demand for cement in the country. The reluctance of most multinational cement companies to increase their investments in Nigeria - a consequence of the ever increasing international scrutiny of business ethics especially in corruption prone countries - also helped reduce the competition and investment risks for Dangote Cement. [Book abstract]