Available Quote by Aliko Dangote
“Where the foreign exchange is not available, we are cutting down our operations. For example, we had a vegetable oil refinery; we have shut it down. We had a tomato-based processing plant; we have shut it down.”
About This Quote
Source Speech: Aliko Dangote on business operations, 2021
When foreign exchange is unavailable, operations are cut, leading to plant closures.
In simple terms: Lack of FX forces operational shutdowns.
Plan for currency risk in business.
Themes
Mood
Type
When to use this quote
- corporate finance
- government policy
- investment decisions
Key Concepts
Questions to Reflect On
- How can firms hedge against FX shortages?
- What alternatives exist to keep plants running?
Diversification may not fully mitigate FX risk.