Skip to main content

Exclusive: Recession hits Dangote hard, unable to pay workers’ salaries

Aliko Dangote, President Dangote Group

Aliko Dangote, President Dangote Group

The current economic situation in the country certainly affects everybody and everything, even Africa’s richest man, Aliko Dangote, is groaning.

Investigations at one of Dangote’s companies, Dansa Foods Nig. Ltd off Lagos-Badagry expressway revealed that workers have not been paid their salaries for the past six months.

The company which produces Dansa juice and other goods, it was learnt, has laid off more than half of the workforce following dwindling sales and high cost of production caused by high exchange rate of the Naira.

The company, it was learnt, has suspended the production of Dansa juice and other products. ”We are only producing Mowa bottle water now,” a source at the company revealed.

But the workers are not taking it kindly with the management of the company and have insisted that their six months unpaid salaries be paid to them.

To this end, the workers have embarked on strike to press home their demand.

One of the workers who did not want his name mentioned said he and his colleagues decided to go on strike to force the management to pay their salaries.

”We are being owed six months. The company has refused to pay us so we are embarking on strike,” the worker added.

Efforts to speak with the management of the company proved unsuccessful as one of the managers refused to pick his phone calls.

Bloomberg in its latest Billionaire Index reports revealed that Africa’s richest man, Aliko Dangote, lost $ 5.4 billion in his fortune this year.

The loss was occasioned by the massive fall of the Naira as the Central Bank of Nigeria rations the dollar to stem huge capital outflow in the wake of Nigeria’s worst economic crisis.

Comments

Popular posts from this blog

Pope not involved in Colombian peace deal- Vatican

Pope Francis Pope Francis has turned down a request to play a role in the peace deal between the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) rebel group. The Vatican in a statement issued on Wednesday in in Vatican City said that an invitation was sent to his Holiness in early August to appoint a representative to participate in the committee that selected the judges for the talks. The statement said that though Pope Francis supported the peace process, he, however, reiterated that he would not get involved in Colombian peace deal. It said that Pope was praying for the enlightenment of the hearts and minds of those who were called to promote the common good of the Colombian nation. A deal was announced last week, putting an end to five decades of internal conflict between government forces and the FARC rebels. The agreement, which needed to be ratified through a referendum in Oct. 2, would entail setting up a special court to grant amnesties or pu...

Houthis Claim Attack on Central Israel in Response to Gaza ‘Massacres’

The ongoing conflict between Israel and Hamas has taken a concerning regional turn as the Houthi rebels in Yemen claimed responsibility for an attack on central Israel. The group announced this as part of their escalating response to what they describe as "massacres" in Gaza amid the Israeli military’s operations in the strip. Details of the Attack The Houthis, a Shiite militant group with ties to Iran, declared that they launched missile and drone strikes targeting Israel. While the exact impact of these attacks remains unclear, reports suggest that Israel’s defense systems intercepted several threats over its airspace. This marks a significant escalation as the Houthis widen their involvement in the conflict beyond their typical operations within Yemen and neighboring Saudi Arabia. The Houthis’ Justification In their statement, the Houthis framed the attack as retaliation for Israel’s military actions in Gaza, which they characterized as indiscriminate bombings resultin...

Fall of Assad is a Blow to Russia's Prestige

The potential fall of Syrian President Bashar al-Assad, a long-standing ally of Russia, would mark a turning point in Moscow’s global influence, particularly in the Middle East. Steve Rosenberg’s analysis underscores the profound implications for Russia, which has invested heavily—both militarily and politically—in ensuring Assad’s survival over the past decade. This article delves into why Assad’s downfall would strike at the core of Russian prestige and what it could mean for the broader geopolitical landscape. Russia's Strategic Commitment to Syria Since the outbreak of the Syrian civil war in 2011, Russia has been a staunch supporter of Assad's regime. In 2015, Moscow launched a military intervention that proved decisive in stabilizing Assad’s hold on power. This intervention solidified Russia's role as a key power broker in the Middle East and demonstrated its willingness to project military power far beyond its borders. Syria is not just an ally for Russia; it is a...