Undoubtedly the richest man in the continent, but what increasingly marks Aliko out is his commitment to value addition and beneficiation to the abundant raw materials in the continent and creation of much needed mass employment for African workers. Dangote Group of industries is changing the narrative of the continent from that of 'resource curse' and corruption to resource beneficiation, value addition and mass employment through industrialisation. African labour movement is excited about the bold corporate decision of the Dangote Group to open new plants in Cameroon, South Africa, Zambia and Congo, Ethiopia and Tanzania. We are certainly witnessing a new pan African investment which the founding fathers of Africa envisioned but was wrongly abandoned for the discredited IMF/ World Bank's inspired adjustment that in a decade of the 80s de-industrialized and returned the continent the colonial consumers of imported (read; sumuggled) goods and exporters of raw materials. The point cannot be overstated; the future of Africa lies in Industrialization which means the process of transforming raw materials, with the aid of labour and capital goods, into consumer goods and capital new capital goods. Industrialization delineates between growth and development of nations. The advantages of industrialization include, creation of sustainable mass decent jobs, lessening of dependency on imports, thus saving scarce foreign exchange and enhanced government revenue through company taxes.
Nigeria's Vice President Yemi Osinbajo commendably led the Nigerian delegation with a speech that some observers (if I may report!) assumed to be truly "professorial" and academic and development-shy. Many philosophers and analysts have certainly interpreted Africa's underdevelopment, what is missing are concrete transformation policy actions. The Vice President himself said as much; "Enough has been said about Africa Economic integration, it is time to act" . And that precisely is what Aliko is doing. While the Vice President identified "one of the key challenges to rapid growth" in Africa as "extreme poverty"; Aliko sees opportunity for investment, wealth generation and corporate social responsibility that promises some $500,000 support for the host Ndola community development for schools, hospitals, and scholarships. In addition, Dangote group would inaugurate 400 trucks to be used in transporting the cement that will be produced in Ndola with multiplier effect of some thousands of decent jobs for Africans. President Lungu who commisioned the plant stressed the importance of industrialized Africa when he revealed that 7,000 jobs, "of which 1,000 will be direct", would be created when the plant becomes fully operational. The President also directed Masaiti District Council to reserve more land to create an industrial cluster with the opening of the cement-manufacturing plant. President Lungu noted that for years, Zambians have been subjected to high monopolistic pricing structure for cement but was glad that since Dangote came on the market, the prices of the product had been dropping adding the principles of the Patriotic Front (PF) Government are to achieve pro-poor inclusive growth aimed at creating real wealth and jobs for the people. Rob Davis, one time Minister of trade and industry of South Africa in 2013 commendably observed that ; "We ( read; Africans) can't be any longer just participating in global value chains as producers and exporters of primary products and importers of finished products"- Aliko Dangote is commendably turning African limestones into cement. What is good for limestones, is good for oil and gas, cotton, gold, diamonds, that Africa has in abundance.
ISSA AREMU mni.
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