The current recession rocking the Nigerian economy has hit one of the biggest employers of labour in the country outside of the government as the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, has fired 48 members of staff.

Punch gathered that those sacked were made up of 36 expatriate and 12 Nigerian workers from the group’s headquarters and one of the subsidiaries, Dangote Cement Plc.

It was further gathered that the huge amounts in foreign currencies being paid to the expatriate workers had become a burden on Dangote due to the steady depreciation in the value of the naira and the difficulties of raising enough dollars.

For the affected Nigerians, it was gathered that most of them had disciplinary issues, which made it easy for the group to do away with their services.

However, in a letter titled:

‘Recent Retirement Exercise’, signed by the President/Chief Executive Officer, Dangote Group, Aliko Dangote, dated Thursday, October 20, 2016, read in part,

“This year has been a very challenging year for us as a business. The unavailability of foreign exchange coupled with an unprecedented hike in the exchange rate has resulted in increased costs across the organisation.

“This called for a proper review and adjustment of our costs across board to ensure efficiency and effectiveness in the deployment of our factors of production in a bid to eliminate redundancies that we know exist, which resulted in some tough decisions, which means losing staff, including some of our colleagues“On Friday, October 14, 2016, we began the process of staff cutbacks as it is imperative to review our human capital deployment for the required cutbacks that would ensure eficiency and eliminate redundancies in the allocation of human resources.

“This first phase of this exercise involved the cutback of 36 expatriate staff across the Dangote Cement Plc and Dangote Industries Limited, and 12 local staff members in Dangote Industries Limited.”


  1. Hahaha hahaha @Godwin nawa for u ooo,likewise they also tell me that education is key to success,only for me to finish school and learnt that government have changed the padlock…ogini ka mmadu ga emezi?

  2. lol… nice point but even if you voted for your candidate, at the end who you don’t expect ll be the winner! though I voted for buhari but that ll be the first & the last time I ll vote! I short run the militants are the sole cause of this recession while in long run, buhari is at fault, he didn’t consider the masses before sticking to his decision

  3. What is the value of those worker’s salary that it gonna ease the effect of recession at Dangote group….they were definitely sacked for different motive… remember this was the man that ask Nigeria to start selling off it assets to enable it recover from recession when he very well know he will be amongst the buyer of such assets….

  4. I agree with you but once there is a change its either for good or for bad. But wat we see today is bad. He should fix these country and stop complaining of past regime. He should start by cutting down allowances of political leaders .

  5. it was rotten since past regime??,let’s believe that foul talk, ut the past regime was well taken care of, they manage things well so that Nigerians can survive, weather bad or worst, we eat well, even save for future, why can’t they take same method while performing their changes?, if things continue like this,how many people will survive this recession until their change comes??

  6. Hmmmm, is Dangote broke or what? Anyway, this Apc change is affecting every body, the rich also cry, if people on top say it doesn’t concern them, one way or d other, they feeling d hardship, forget their pretence, they just surffering the smile,cis only God that will cone to our rescue.

Leave a Reply