Global Courant
The Dangote Group is a Nigerian multinational conglomerate that dominates several industries in the country and Africa as a whole. Over the years, the Dangote Group has maintained its market leadership in cement manufacturing, sugar milling, sugar refining, port operations, packaging material manufacturing, salt refining, flour manufacturing, real estate and more recently oil and gas.
The company is one of the largest employers in Nigeria, employing more than 250,000 people, which has contributed significantly to the Nigerian economy, with an annual turnover of more than $20 billion. It is therefore no surprise that Aliko Dangote: Founder, Chairman and CEO of the Dangote Group is listed as the richest man in Africa.
However, as with any great person, Aliko Dangote has relied on the expertise of a number of Executives in achieving the Group’s business objective and achieving numerous successful achievements. One of those executives is Dr. Adenike Fajemirokun, Group Executive Director, Special Duties and Group Chief Risk Officer.
Dr. Adenike Fajemirokun, Group Executive Director, Special Duties and Group Chief Risk Officer.
Fajemirokun has been the Group Chief Risk Officer of Dangote Industries Ltd since 2013. While often operating behind the scenes, she worked closely with Aliko Dangote in navigating numerous challenges and capitalizing on opportunities. one of the largest in West Africa and on the African continent. Her role in developing and implementing robust risk management frameworks has been critical to Dangote Industries Ltd. Her ideas and efforts in building a skilled and flexible risk management team have enabled the company to effectively identify, assess and mitigate risk, protect its assets and minimize risk. possible losses.
Fajemirokun worked closely with the management team and integrated risk management into the company’s decision-making process. This allowed Dangote Industries Ltd to make informed and balanced decisions as they grew. However, its impact extends beyond the realm of risk management. Her efforts have been particularly important during critical periods for the company. For example, in 2016 she played a key role in developing a risk management plan that addresses potential threats such as terrorist attacks, cyber attacks, natural disasters and financial crises.
Dr. Adenike Fajemirokun, Group Executive Director, Special Duties and Group Chief Risk Officer.
Fajemirokun has also contributed greatly to the execution of the company’s expansion initiatives. In 2017, she assisted the Group in identifying and assessing risks associated with new market expansions. And her financial risk management skills were also invaluable during the financial challenges in 2018.
Most recently, the Dangote Group invested heavily in the construction of a new refinery. The project was valued at approximately $19 billion. And when operational, it is expected to produce around 650,000 barrels per day (bpd), making it one of the most valuable projects ever undertaken in Nigeria. Throughout the process, Fajemirokun oversaw the Group’s risk portfolio, providing in-depth insights and helping to identify opportunities.
While Alhaji Aliko Dangote is rightly recognized as the visionary behind the Dangote Group, Dr. Adenike Fajemirokun’s pivotal role in supporting and advancing his vision should not be overlooked. Her dedication, expertise and unwavering support have contributed to the growth and success of the Dangote Group, cementing its position as Africa’s largest conglomerate.
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