Africa’s richest man, Aliko Dangote, recently disclosed that his conglomerate, the Dangote Group, is set to allocate an incredible sum for significant projects, such as a new refinery in East Africa and increased LNG investments in Nigeria.
On the In Good Company podcast with Nicolai Tangen, the Nigerian billionaire discussed his journey from trading in Lagos to now owning Africa’s largest oil refinery, as well as his next big bet: replicating the success of his landmark refinery project outside of Nigeria.
He spoke about a subject that has been making headlines in recent weeks: the establishment of an oil refinery in East Africa.
According to the Nigerian business tycoon, some countries on the continent are shaken up by the recent geopolitical conflict in the Middle East, which has disrupted the global fuel supply chain.
This conflict has enhanced the rationale for improving the continent's refining capacity and has propelled leaders in Africa to begin pushing for more energy independence.
