In the pursuit of the Group’s business objectives and the accomplishment of various remarkable achievements, Aliko Dangote has entrusted a group of skilled executives with their expertise. Among these accomplished executives is Dr. Adenike Fajemirokun, serving as the Group Executive Director for Special Duties and Group Chief Risk Officer.
Dr. Adenike Fajemirokun has held the position of Group Chief Risk Officer at Dangote Industries Ltd. since 2013. Despite operating mainly in the background, she has collaborated closely with Aliko Dangote, successfully navigating numerous challenges and seizing opportunities.
As a result, she has directly contributed to the conglomerate’s remarkable status as one of West Africa’s and the African continent’s largest entities. Fajemirokun’s pivotal role lies in the development and implementation of robust Risk Management frameworks for Dangote Industries Ltd. Her innovative ideas and dedicated efforts in building a skilled and adaptable Risk Management team have enabled the company to proficiently identify, evaluate, and mitigate risks, effectively safeguarding its assets and minimizing potential losses.
Adenike’s influence in Dangote Group
Collaborating closely with the Management team, Fajemirokun successfully incorporated Risk Management into Dangote Industries Ltd’s decision-making process. This integration empowered the company to make well-informed and balanced decisions as it expanded its operations.
However, Fajemirokun’s influence reaches beyond the realm of Risk Management. Her contributions have been especially impactful during crucial junctures for the company. For example, in 2016, she played a pivotal role in formulating a comprehensive Risk Management Plan that effectively addressed potential hazards such as terrorist attacks, cyber-attacks, natural disasters, and financial crises.
Fajemirokun made significant contributions to the successful execution of the company’s expansion initiatives. In 2017, she played a crucial role in assisting the Group in identifying and evaluating risks linked to new market expansions. Also, her exceptional financial risk management skills proved invaluable during the financial challenges encountered in 2018.
Adenike’s contribution towards Dangote refinery
In a recent development, the Dangote Group made a substantial investment in the construction of a state-of-the-art refinery, with an estimated cost of approximately $19 billion. Once operational, this refinery is projected to have a production capacity of around 650,000 barrels per day (bpd), positioning it as one of Nigeria’s most significant and valuable projects to date. Throughout the entire process, Fajemirokun assumed the responsibility of overseeing the Group’s risk portfolio, offering invaluable insights and assisting in the identification of potential opportunities.
Although Alhaji Aliko Dangote rightfully garners recognition as the visionary leader behind the Dangote Group, it is essential not to overlook the pivotal role played by Dr. Adenike Fajemirokun in supporting and amplifying his vision. Her unwavering dedication, expertise, and steadfast support have played an instrumental role in the remarkable growth and success of the Dangote Group, firmly establishing it as the largest conglomerate in Africa.
What you should know about Dangote Group
The Dangote Group, a Nigerian multinational conglomerate that has a dominant force across various industries within the country and throughout Africa. Over the years, the group has consistently maintained its market leadership in sectors such as Cement Manufacturing, Sugar Milling, Sugar Refining, Port Operations, Packaging Material Production, Salt Refining, Flour Production, Real Estate, and more recently, Oil and Gas, among other sectors.
With a workforce exceeding 250,000 employees, the Dangote Group stands as one of the largest employers in Nigeria, making substantial contributions to the nation’s economy. Its annual revenue surpasses $20 billion, further highlighting its economic significance. Unsurprisingly, Aliko Dangote, the Founder, Chairman, and CEO of the Dangote Group, holds the esteemed title of being the richest man in Africa.
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