In a meeting with media leaders in Lagos, Aliko Dangote highlighted the evolution of Dangote Group over four decades, shifting from a trading firm to a diverse conglomerate. His goal, he emphasized, is to bolster Nigeria’s economy and enable broader Nigerian participation in company ownership.
Since its inception in 1978, Dangote Group has expanded into various sectors including cement, agriculture, fertiliser, petrochemicals, and more. Dangote stressed Africa’s potential for self-sufficiency, aiming to counter the export of raw materials and import of finished goods, which he believes perpetuates poverty.
“Our strategy includes listing the refinery and fertiliser on the NGX by early 2025, aiming to ease foreign exchange pressures,” Dangote confirmed. He expressed confidence in meeting Nigeria’s fuel demands and outlined plans to comply with the Petroleum Industry Act.
During a tour of Dangote’s facilities, including the continent’s largest oil refinery and fertiliser plant, Dangote reaffirmed their commitment to high-quality production meeting global standards. Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries, emphasized their focus on local capacity building and empowering young Nigerians across operations.
Fatima Aliko Dangote, Group Executive Director of Commercial Operations, praised Aliko Dangote’s dedication to African development, stressing their mission to achieve self-sufficiency and export to global markets. She highlighted Dangote’s strategy to utilize Africa’s abundant crude oil for local refining, driving economic growth and job creation.
Currently, Dangote Cement stands as Nigeria’s most capitalized company, underscoring its pivotal role in the country’s economic landscape.
