In a major strategic move, the Dangote Group has appointed Dr. Mahmud Hassan as its new Dangote Group Chief Economist. Consequently, the conglomerate aims to fortify its decision-making processes amidst current global market instability.
This is significant because the Group operates across critical sectors like oil, gas, and consumer goods. Therefore, precise economic forecasting is vital for its continued expansion.
Role and Responsibilities
Hassan will report directly to the Group President, Aliko Dangote. Specifically, he is tasked with guiding the company on economic strategy, market trends, and policy implications.
According to a statement released on Monday, this appointment is designed to “strengthen its economic advisory capacity at a time of heightened global and domestic market volatility.”
A Veteran in Financial Policy
Hassan brings over 30 years of experience to the role. Previously, he held top-tier positions at the Central Bank of Nigeria (CBN).
Notably, his tenure included serving as:
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Director of the Trade and Exchange Department
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Director of the Monetary Policy Department
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Secretary to the Monetary Policy Committee
Furthermore, he served as a Special Assistant on Economic Policy and Research to the CBN Governor. Thus, his regulatory background is extensive.
Global and Regional Impact
Beyond his work in Nigeria, Hassan has influenced fiscal policy on a continental scale. For instance, he consulted for the African Union Commission.
“Beyond Nigeria, Dr Hassan has played a key role in advancing regional economic integration, working as a lead consultant to the African Union Commission on trade integration initiatives and the establishment of the African Monetary Fund.”
Academic and Professional Pedigree
Hassan’s credentials are equally impressive. He holds a PhD in Economics and an MSc in Energy Economics from the University of Surrey, UK. Additionally, he earned his BSc from Ahmadu Bello University, Zaria.
Moreover, he is an alumnus of the Harvard Kennedy School.
Currently, he serves as a visiting professor at various Nigerian universities. He also acts as the President of the Nigerian Association for Energy Economics.
Ultimately, this hire underscores Dangote’s focus on deep policy intelligence. As a result, the company is better positioned to navigate evolving economic dynamics across Africa.
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