Africa’s richest man, Aliko Dangote makes his biggest bet yet

Aliko Dangote plans to spend $15 billion on a project that – if successful – could revolutionise Nigeria’s economy.

On a peninsula east of Lagos, 30,000 workers are employed on a project that holds out the promise of transforming Nigeria’s economic fortunes.

It’s here that Aliko Dangote, Africa’s richest man, plans to spend more than his net worth of $13.5 billion building one of the world’s biggest oil refineries. If he succeeds, he could end the irony of Africa’s biggest oil producer importing $7 billion of fuel a year, and instead see it meeting its own needs and supplying neighbouring nations.


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