Aminu Dantata Net Worth and Biography

Aminu Dantata is a Nigerian businessman and philanthropist. He is the CEO of a company that oversees his real estate and other business activities. Aminu Dantata was a founder of the Kano State Foundation, an endowment fund that sponsored educational projects and provided grants to Kano’s small-scale enterprises. Additionally, Dantata is the founder of Express Petroleum & Gas Company Ltd and one of the organisers of Nigeria’s Jaiz Bank. Lastly, Aminu Dantata is the uncle of Africa and Nigeria’s richest man, Aliko Dangote. Here, RNN detail Aminu Dantata’s net worth, biography, and career.

Bio Data

Early Life and Education

Dantata was born to the family of Alhassan Dantata, who was from an Agalawa trading family. Aminu Dantata’s grandfather was Abdullahi, and his great-grandfather was Baba Talatin, a prosperous merchant who brought the family from Katsina to Madobi following the death of his father Ali. s grandfather Abdullahi continued to operate from Madobi until 1877 when his wife gave birth to Alhassan Dantata, Aminu Dantata’s father.

Aminu Dantata is the fifteenth of seventeen children in his family. He attended Dala Primary School from 1938 to 1945 and then completed his education through home study in a private school built by his father in 1949. Following his schooling, he joined the family firm, Alhassan Dantata & Sons, as a product buyer in 1948, and also got married.

Aminu Dantata’s Net Worth

Aminu Dantata’s net worth is currently estimated at $1 billion. In 1955, he was appointed as the company’s Sokoto district manager. His father died in 1955, and his father’s shares in the business were later allocated to the children. Dantata was appointed deputy managing director of the company in 1958, with his brother Ahmadu as the managing director. He took over the firm after Ahmadu died in 1960.

Dantata expanded his commercial interests and operations into numerous sectors of Nigeria’s political and economic spheres throughout the years. He had a construction enterprise that earned patronage from Nigeria’s newly independent government during the early 1960s. And his firm was awarded a contract to build a portion of the School of Aviation in Zaria. In 1961, he was one of three businesspeople who were part of the 23-member economic mission group, Nigeria’s first global mission sent by an independent government. He was a founding member of the Nigerian Industrial Development Bank in 1964. Under the government of Audu Bako, Dantata was appointed Kano State Commissioner for Economic Development, Trade, and Industry in 1968, a position he held until 1973.

Business Career

In 1960, Dantata took over as CEO of Alhassan Dantata and Sons. Dantata eventually engaged in certain foreign firms operating in Nigeria. After his father established a commodity firm trading in groundnut, kola nut, and a few other commodities. Between 1960 and 1980, it operated the following divisions: Building and construction, with contracts ranging from the Defense Academy in Kaduna to the extension of Ahmadu Bello University in Zaria and the establishment of a civil aviation training school in Zaria. A Merchandise subsidiary created in the middle of the 1970s largely traded in building supplies in Northern Nigeria.

During the 1970s indigenization period, the Dantata group purchased shares and held large positions in Mentholatum, SCOA, Funtua Cotton Seed Crushing Co, and Raleigh Industries. Northern Amalgamated and Marketing Company Limited are divided into two parts: a fertiliser company that supplies governments in general and a technical division that trades in WARD generators and Barford construction equipment. The company had two divisions: one that ran a Mercedes-Benz dealership and another that ran a terminal at Warri Port. By the 1990s, the group had changed its name to Dantata Organization, and it had increased its interest in oil exploration through Express Petroleum.

Political Career

Dantata was elected to the Northern House of Assembly in 1961 as the Kura district delegate. He was also a member of the Kano Provincial Council’s executive committee. Dantata was nominated to be an executive member of the newly constituted Kano State when the First Republic was terminated in 1967, where he served as the state commissioner of Trade and Industry.

Philanthropy

Dantata has given money and property to different organisations in Kano. He gave Aminu Kano Teaching Hospital the Alhassan Dantata Haemodialysis Center. He was the first chancellor of Katsina’s Al-Qalam University.

Sources: Wikipedia, newsnowgh.com