Few business leaders have had a greater impact on Africa's economic landscape than Aliko Dangote.

From a small trading operation in Lagos to the Dangote Group, a gigantic conglomerate that includes cement, fertilizer, petrochemicals, and the world's largest single-train refinery, Dangote has spent decades investing big in Africa when many others would not.

In a candid interview with Nicolai Tangen for the In Good Company podcast, the Nigerian billionaire revealed what it truly takes to build at scale on the continent.

Dangote didn't mince words on China's growing dominance in African commerce, the hard realities of political risk, why local investors must step up, and the brutal lessons of building a $20 billion refinery.

Here are five of the most significant truth bombs he dropped