Aliko Dangote injects N10bn to re-open ‪#‎Kano‬ flour mill

Alh. Aliko Dangote

Chairman and CEO of Dangote Group, Alhaji Aliko Dangote said yesterday that the company injected N10 billion to buy back a majority stake in Kano’s Dangote Flour Mill  from Tiger Brand to enable its re-opening.

Speaking at the re-opening ceremony in Kano, Dangote stated that the closure of the company was a mistake the group had regretted and promised the company’s customers that will never be repeated.

“When our core shareholder, Tiger Brand Ltd that holds greater percent of the company’s shares, decided to close down

the flour mill, Dangote Group decided to buy back the shares and re-open the company and that is why we have injected N10 billion to that effect,” he said.

“We have realised that without this company operating, the livelihoods of over 30,000 people will be jeopardised. The closure was a mistake that will never be repeated, thanks to our customers who remained loyal to us despite all odds,” said Dangote.

The company’s commercial director, Halima Aliko Dangote,

noted that the firm will henceforth re-strengthen its relationship with its customers and encourage them to do business with it and assured them customers of better quality flour and services. 

During the event, delivery trucks and vans were distributed to numerous customers who have shown loyalty and commitment to Dangote products.