For Aliko Dangote, President of Dangote Group, a Nigerian manufacturing, industrial, trading and distribution conglomerate, emotions took the better part on Monday night as he relived his experience with Herbert Wigwe, the banking icon, who died on February 9, 2024 in the United States.
The African richest man, practically broke down in tears while delivering a speech at the Eko Hotels in Lagos, before an audience of distinguished Nigerians, who had gathered to pay tribute to the former Managing Director and Chief Executive Officer (MD-CEO) of Access Holdings, who died in a helicopter crash off the Californian desert on his way to watch this year’s Super Bowl.
The ace banker, who was travelling with Bamofin Abimbola Ogunbanjo, former chair of NGX Group, the Nigerian stock exchange, perished alongside his wife, Chizoba, son Chizzy hours before getting to his destination, on Friday February ninth ahead of the game on Sunday, February 12th at the venue of the event at Allegiant Stadium in Las Vegas.
Palpably laden with emotion, Dangote, who described the deceased as a loyal friend and a pillar of support for him and his family, as well as a visionary role model with courage second to none, named the road to the recently inaugurated Dangote Refinery in Lagos after him, at the event where scores of other professional colleagues in and outside the banking sector, also paid tributes.
Amid breaks while wiping off tears, Dangote said: “To immortalise my beloved friend, my brother, and my mentee, I have actually decided to name of a major refinery and petrochemical road, out of the 120 kilometers, the biggest road will now be named ‘Herbert Wigwe.’”
Before the Lagos event, Dangote at a pre-convocation lecture delivered as part of activities lined up for the 38th convocation of the Bayero University, Kano (BUK) urged Nigeria to move from resource-based economy to knowledge-based economic system, saying: “Given the tremendous benefits that knowledge economy offers, it is vital that Nigeria makes the transition to knowledge-based economy.
“Countries like South Korea, India, China, and the Asian tigers at one time or the other took the decision to institutionalise knowledge economy and are today reaping the benefits. Ismail Radwan and Giulia Pellegrini in a World Bank publication, stated that harnessing knowledge for development is not a new concept as it has always been central to development and can mean the difference between poverty and wealth.
“They argued that knowledge economy is not just about establishing high-tech industries and creating an innovative and entrepreneurial culture. Simply adopting existing technologies widely available in developed countries can dramatically boost productivity and economic growth.”
Represented by Mansur Ahmed, Group Executive Director of the Dangote Group, Dangote, who quoted the World Bank as stating that for Nigeria to make the transition to knowledge economy, it must pay attention to the business environment, education and skills, innovation systems and information communication infrastructure, said Nigeria needed a conducive business environment that provided incentive for the efficient use of existing knowledge.