THE Millennials should diversify from service-oriented enterprises to manufacturing enterprises. Manufacturing has the capacity to create numerous jobs, develop an economy, sustain jobs and open other linkages.”
Millennials are young ones born between 1980 and the mid-2000s, who account for 27% of the global population (about 2 billion people) and Sub-Saharan Africa alone, is home to 13% of the entire millennial population, ranking second to Asia.
Hajiya Halima Aliko-Dangote, Executive Director of the Dangote Group, gave this advice to millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture in a bid to fast-track the development of the continent and better life for its nationals.
Halima Dangote who addressed the 58th Conference of the Nigerian Bar Association (NBA) with the theme “Transition, Transformation, and Sustainable Institutions in Abuja, said “ African countries have groped in the dark for too long and it is high time the millennials stand up to be counted as the future of the continent.”
In her paper titled “Roles of Millennials in Transition and Institution Building”, the Dangote Group Director explained that the youths have the potentials to turn around the fortune of the African continent, stressing: “available statistics have also revealed that by 2025, 75% of the global workforce will be millennials, large enough to influence consumer spending patterns; change consumer business models and impact the global economy. Most members of this generation are at the beginning of their careers and so will be an important engine for economic growth in the decades to come.”
Industrialisation Requires Patience and Perseverance
The Executive Director also urged millennials and other relevant stakeholders to exercise restraint in their desperation for wealth, adding “Success in entrepreneurship takes time, dedication and hard work. There is a need to disabuse our mind from the concept of overnight success. Industrialisation requires patience and perseverance.”
She also spoke extensively on the successes recorded by the Dangote Group, founded by her father Aliko Dangote, and said that the achievement by the group did not come easy.
Nevertheless, she said: “Dangote Industries Limited is one of Nigeria’s foremost conglomerates with interests in cement, sugar, salt, flour, pasta, noodles, poly products, real estate, agriculture, logistics, telecommunications, steel, oil and gas, and beverages among others.
“The Group has over 15,000 direct employees. It provides indirect employment to tens of thousands of others who are engaged in activities relating to our businesses. Dangote Cement now has presence in 18 African countries (Nigeria, Ghana, Ethiopia, Tanzania, Cote d’Ivoire, Senegal, Cameroon, Liberia, South Africa, Kenya, Zambia, Sierra Leone, Congo, Zimbabwe, South Sudan, Chad, Mali and Niger).