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In Good Company with Nicolai Tangen

HIGHLIGHTS: Aliko Dangote - Founder and CEO of the Dangote Group

In Good Company with Nicolai Tangen

Norges Bank Investment Management

Business, In Good Company, Nicolai Tangen, Norges Bank

4.7 • 236 Ratings

🗓️ 15 May 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We've curated a special 10-minute version of the podcast for those in a hurry.  

 

Here you can listen to the full episode: https://podcasts.apple.com/no/podcast/aliko-dangote-building-africas-industrial-future-from/id1614211565?i=1000767507108&l=nb

Nicolai Tangen sits down with Aliko Dangote, Founder and CEO of the Dangote Group, Africa's largest industrial conglomerate, to explore his journey from a small Lagos trading firm to a sprawling empire spanning cement, fertiliser, petrochemicals, and the world's largest single-train oil refinery. They discuss overcoming fierce opposition, Africa's infrastructure challenges, and why its booming youth population signals enormous opportunity. Dangote's mission? Pioneering the industrialisation of an entire continent. Tune in for an insightful conversation!

In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don't miss our Highlight episodes every Friday. 

 

The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen, Sebastian Langvik-Hansen and Pål Huuse. Background research was conducted by Karoline Woie.

 

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi everybody, tune in to this short version of the podcast, which we do every Friday for the long version.

0:06.4

Tune in on Wednesdays.

0:09.1

Hi everybody, I'm Nicola Tangen, the CEO of the Norwegian Sovan Wealth Fund, and today I have a real pressure sitting down with Aliko Dengote.

0:16.4

Aliko is the founder and the CEO of the Dengote Group, Africa's largest industrial conglomerate.

0:22.6

Nearly 50 years ago, he started with a small trading firm in Nigeria, and today his empire

0:28.1

stretches across the continent. He has built what many said was impossible, a large-scale African

0:33.8

industry from scratch. Warm welcome.

0:37.1

Thank you very much, Dr. It's a very much to clear it's a pleasure

0:38.6

having you it's a great to be here how did it all start well I started as a trading

0:43.7

company in 1978 and what kind of things did you trade cement at that time I

0:51.3

started first with cement I was getting four or five trucks and trading them there in Lagos.

0:58.3

And then later on now I got into fish, into rice, into sugar.

1:04.1

And, you know, we started, we continued to expand.

1:07.5

My first import of sugar was actually in 1980.

1:11.6

Wow.

1:12.6

You know, and everything was under import license.

1:15.6

So I got a license.

1:17.6

So then you decide, I'll make a refinery.

1:21.6

I decided that I'm going to make a refinery.

1:23.6

And let's make the biggest...

1:24.6

The biggest ever.

1:26.6

In the world? In the world. Ever. In the world. 50% more make the biggest... The biggest ever. In the world? In the world.

...

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