Globis ad:Globis 3/6/08 18:18 Page 1
98
Feature Businesses at the
PowerList 2008
forefront of
the revolution
not to be named, said: ‘Nigeria is on a roll, but
we must address what is happening in the
Niger Delta. The government needs to institute The Dangote Group
Pic: Unoma Giese the equivalent of the Marshal Plan that the run by Alhaji Aliko Dangote, who is rated by
Americans used to rebuild Europe after the Forbes as Africa’s wealthiest man (although
Second World War. They must put in place many in Nigeria regard as conservative
some major infrastructural development to the $3.4bn he was quoted as being worth),
empower the indigenous people of the area Dangote is a major industrialist whose company
and allow them to believe that they have a has interests in sugar, cement, flour, salt, real
stake in their homeland. estate and oil, among others. the eponymous
‘But they should be talking to the company is the largest industrial conglomerate
generation that has something to lose, not in west Africa and one of the biggest on the
some 70-year-old chief who’s looking to top continent of Africa. Dangote, who started the
up his pension.’ business in 1977 as a small trading concern is
The Niger Delta is effectively a swamp largely credited for having grown it to what it
about the size of Ireland, but it is a very has become today. Not strictly new breed, but
valuable swamp as it supplies more than neither is he old school.
70% of Nigeria’s daily oil production and has
done so since June 1956 when black gold Oando
wale tinubu, Ceo of oando plc first started flowing from Oloibiri Well No1 oando, run by wale tinubu, is the leading
in a little village about 50 miles west of Port integrated energy solutions provider in sub-
operate within a secure and stable economic Harcourt, the capital of Rivers State. saharan Africa. it is Nigeria’s leading oil retailer,
environment. Oil was supposed to make life better for selling or distributing one in every five litres of
Then there’s Wale Babalakin, the Lagos- Nigerians. And while there is no doubt that it petroleum products sold in Nigeria via its 500
based lawyer whose Bi-Courtney Consortium has done so for some, not many of them live retail outlets and terminals. the company
built MM2, the new domestic airport terminal in the Delta, where the basics for a decent life is building sub-saharan Africa’s largest gas
in Lagos on a ‘on build, operate and transfer simply don’t exist. Many have no electricity, pipeline grid in Nigeria and has already
basis’ with funds raised from the private their schools are derelict and the acid rain that laid nearly 225km of pipes. oando is one of
sector. MM2 is Nigeria’s most modern falls as a result of the burning off of natural the companies taking up the challenge of
airport. gas, is making them ill. It took almost 40 years, increasing Nigeria’s electricity supply and is
But not everything is perfect and if the but eventually the disenchantment of the also heavily involved in the exploration for and
West African country is to continue to thrive Delta people led to armed insurrection, the production of oil and gas.
it must sort out its two Achilles heels by sabotaging of oil pipelines and kidnappings
resolving the crisis in the Niger Delta, and of foreigners as militant groups formed to Chapel Hill Denham
ensuring the country generates enough demand a better deal. the Chapel Hill Denham Group, run by Bolaji
electricity to serve the expanding economy. President Umaru Yar’Adua, hailed by Balogun, provides a full range of financial
Power cuts seem to have been a part of many as a man of vision, criticised by others services and product expertise across a wide
life in Nigeria forever and it was recently for being slow to act (although he has only variety of business areas. it offers full service
estimated that the government would have to been in power for 18 months), has promised investment banking, investment management,
invest $485bn over the next 25 years for the to make a resolution of the tensions in the securities trading and also partakes in principal
See the difference in diversity.
problem to be resolved. To be fair, it is already area a priority, and has planned a summit investments. Chapel Hill Denham is on the way
taking steps in that direction and has signed to which he will invite elders, leaders and to achieving their stated aim of becoming
some private-public partnership deals that militants from across the region. He has put west Africa’s leading independent investment
should see a marked improvement by 2010. A some big hitters on the case, including his banking firm.
foray into solar power, particularly in villages Vice-President, Goodluck Jonathan, himself diversity
Everyone
in
is
the
different
workplace
. But at
is not
Globis,
just
we
a moral
understand that
not connected to the national grid, is being an Ijaw, one of the main ethnic groups in the Petrodel Resources
an economic one too. Because
imperative, it’s
trialed, too. Delta. Petrodel resources Limited, run by Powerlist
how diversity management can
everyone adds value. We know
The importance of this cannot be It is not going to be easy. The militants with panelist Michael J. Prest, is one of the major
overestimated. Nigeria generates about genuine concerns for the community have indigenous oil trading, supply, investment and
elements to create the picture you
combine all these different
4,000 megawatts of electricity for its 150 been infiltrated by criminal gangs who have now upstream e&P companies. its origins lie
Greater competitivene
want. Better relationships.
million people (in 1999, it was just 1,500 a vested interest in the continuing chaos and in the Niger Delta (Chief Arthur Prest of warri a more
ss in the face of changing markets.And
megawatts), one-tenth of what South Africa the local people are tired of broken promises was Nigeria’s 1st Minister of Communications
produces for a population one-third as large. from a succession of governments who have and his son, Michael Prest snr a special Advisor
So if you
valuab
want
le business in every sense.
And even though people get around it by said much, but done little. to 2nd republic President shagari), making it
using diesel-fuelled generators to bypass the On the other hand, most Nigerians now one of the few local companies that is a large-
0800
through
345
excellent
to enhance
diversity
your
management,
organisation’
then
s performance
call us today.
Globis.
7703.
www.globis.co.uk
Helping you
national grid, it is a dangerous, polluting and realise that a solution must be found, and that scale operator in the area. Having proved to
build better
noisy alternative, not to mention expensive. in itself is a reason for optimism. What really be a pioneer in the downstream oil sector,
According to the World Bank, it is costing needs to happen is for the new politicians to the firm is in the process of building a pan- relationships
the country $600m a year. As a University of take a leaf out of the book of the new business African energy portfolio. Petrodel is leveraging
Lagos professor said: ‘It’s the most expensive leaders and be open-minded and innovative international and domestic finance to allow it
at work.
darkness in the world.’ in their approach to the problem. When they to compete in the sector on its own terms as
The Delta situation is more complicated. do, watch out world. part of what is becoming a general trend in
One senior Nigerian businessman, who asked Additional reporting by Unoma Giese Nigeria to indiginise the economy.
Image:
at work,
Clive
in both
Lewis,
the
Managing
public and
Director
private
, Globis
sectors.
Ltd.
Clive
Globis
believes
is a national
that diversity
Human
should
Resources
be at
Consultancy
the commercial
specialising
heart of
in
every
building
organisation.
better relationships
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