Nigeria: Aliko Dangote Gives Energy to all

#1 · May 22, 2023, 1:11 pm

Quote from Muhammad Adam Rahis on May 22, 2023, 1:11 pm
Aliko Dangote has been ranked as the richest person in Africa by both Forbes and Bloomberg for eleven years running. Although he began his business empire by selling goods like flour, sugar, and salt, Dangote's income is mostly derived from his company, Dangote Cement.

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Aliko Dangote is the Chairman and CEO of the Dangote Group, the largest industrial group in Nigeria. The Group currently has a presence in 17 African countries and is a market leader in cement on the continent. One of the Group's subsidiaries, Dangote Cement Plc, is the largest listed company in West Africa and the first Nigerian company to join the Forbes Global 2000 Companies list.

Alhaji Alhassan Dantata, a groundnut merchant, was said to be the founder of the Dantata dynasty and the forebear of Africa's richest man, Dangote. Under British rule, according to Forbes, Dangote's grandfather became rich trading commodities like grain oats and rice, and was one of Kano's wealthiest citizens.

Dangote, a graduate of Al-Azhar University in Cairo, Egypt, started his business career in 1978, trading in rice, sugar and cement before he ventured into full-scale manufacturing. In January 2009, Dangote was honoured for being the leading provider of employment in the Nigerian construction industry. In 2011, Dangote was also awarded Nigeria’s second highest honour, Grand Commander of the Order of the Niger (GCON) by the President of Nigeria. He owns 85% of publicly-traded Dangote Cement through a holding company. Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa. After many years in development, Dangote's fertilizer plant in Nigeria began operations in March 2022.

The Federal Executive Council in August 2021, approved the Federal Ministry of Petroleum Resources’ request for the NNPC Limited to buy a 20% stake valued at $2.76 billion in Dangote Petroleum and and Petrochemicals Refinery.The $19 billion Dangote Refinery in Lagos, Nigeria, was officially opened today by President, Major General Muhammadu Buhari (retd.), making it a significant day for Africa's oil sector. The ceremony is being attended by the presidents of Togo, Gnassingbé Eyadéma, Ghana, Nana Akufo-Addo, Senegal, Macky Sall, Niger Republic, Mohamed Bazoum, and Chad, Mahamat Déby was also represented by his brother.

[h5p id="953"]

The Giant

Dangote Oil Refinery is a 650,000 barrels per day (BPD) integrated refinery project in the Lekki Free Zone near Lagos, Nigeria. It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility. Currently, 80 per cent of fuel in Africa, from Cape Town to Dakar and other parts of the continent, are imported. This, the refinery is expected to address.

The Pipeline Infrastructure at the Dangote Petroleum Refinery is the largest anywhere in the world, with 1,100 kilometers to handle 3 Billion Standard Cubic Foot of gas per day. The Refinery alone has a 435MW Power Plant that is able to meet the total power requirement of Ibadan DisCo.

The Refinery will meet 100% of the Nigerian requirement of all refined products and also have a surplus of each of these products for export. Dangote Petroleum Refinery is a multi-billion dollar project that will create a market for $21 Billion per annum of Nigerian Crude. It is designed to process Nigerian crude with the ability to also process other crudes. The refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.

Aliko Dangote has been ranked as the richest person in Africa by both Forbes and Bloomberg for eleven years running. Although he began his business empire by selling goods like flour, sugar, and salt, Dangote's income is mostly derived from his company, Dangote Cement.

[display-map id='4800']

Aliko Dangote is the Chairman and CEO of the Dangote Group, the largest industrial group in Nigeria. The Group currently has a presence in 17 African countries and is a market leader in cement on the continent. One of the Group's subsidiaries, Dangote Cement Plc, is the largest listed company in West Africa and the first Nigerian company to join the Forbes Global 2000 Companies list.

Alhaji Alhassan Dantata, a groundnut merchant, was said to be the founder of the Dantata dynasty and the forebear of Africa's richest man, Dangote. Under British rule, according to Forbes, Dangote's grandfather became rich trading commodities like grain oats and rice, and was one of Kano's wealthiest citizens.

Dangote, a graduate of Al-Azhar University in Cairo, Egypt, started his business career in 1978, trading in rice, sugar and cement before he ventured into full-scale manufacturing. In January 2009, Dangote was honoured for being the leading provider of employment in the Nigerian construction industry. In 2011, Dangote was also awarded Nigeria’s second highest honour, Grand Commander of the Order of the Niger (GCON) by the President of Nigeria. He owns 85% of publicly-traded Dangote Cement through a holding company. Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa. After many years in development, Dangote's fertilizer plant in Nigeria began operations in March 2022.

The Federal Executive Council in August 2021, approved the Federal Ministry of Petroleum Resources’ request for the NNPC Limited to buy a 20% stake valued at $2.76 billion in Dangote Petroleum and and Petrochemicals Refinery.The $19 billion Dangote Refinery in Lagos, Nigeria, was officially opened today by President, Major General Muhammadu Buhari (retd.), making it a significant day for Africa's oil sector. The ceremony is being attended by the presidents of Togo, Gnassingbé Eyadéma, Ghana, Nana Akufo-Addo, Senegal, Macky Sall, Niger Republic, Mohamed Bazoum, and Chad, Mahamat Déby was also represented by his brother.

[h5p id="953"]

The Giant

Dangote Oil Refinery is a 650,000 barrels per day (BPD) integrated refinery project in the Lekki Free Zone near Lagos, Nigeria. It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility. Currently, 80 per cent of fuel in Africa, from Cape Town to Dakar and other parts of the continent, are imported. This, the refinery is expected to address.

The Pipeline Infrastructure at the Dangote Petroleum Refinery is the largest anywhere in the world, with 1,100 kilometers to handle 3 Billion Standard Cubic Foot of gas per day. The Refinery alone has a 435MW Power Plant that is able to meet the total power requirement of Ibadan DisCo.

The Refinery will meet 100% of the Nigerian requirement of all refined products and also have a surplus of each of these products for export. Dangote Petroleum Refinery is a multi-billion dollar project that will create a market for $21 Billion per annum of Nigerian Crude. It is designed to process Nigerian crude with the ability to also process other crudes. The refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.

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