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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.” quote by Aliko Dangote
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“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.”

Aliko Dangote

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.

Key Takeaway

Plan for currency risk in business.

Themes

economics operations currency risk business strategy

Mood

analytical pragmatic

Type

business economic commentary

When to use this quote

  • corporate finance
  • government policy
  • investment decisions

Key Concepts

foreign exchange risk management industrial policy

Questions to Reflect On

  • How can firms hedge against FX shortages?
  • What alternatives exist to keep plants running?
A Different Perspective

Diversification may not fully mitigate FX risk.

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