Aliko Dangote, Richest Nigerian Man in Africa Now Owns World's Largest Single-Train Oil Factory in Lagos, Nigeria - Good Nigeria : Good Nigeria News!


Aliko Dangote, Richest Nigerian Man in Africa Now Owns World’s Largest Single-Train Oil Factory in Lagos, Nigeria

Aliko Dangote is, no doubt, an innovative man who seeks to be the solution bridge between the people and their problems, which is also a means to expand his wealth simultaneously.

Aliko Dangote, according to Forbes, is currently Nigeria’s richest as well as Africa’s richest man, ranking 161st richest in the world. He has embarked on a project to build The Dangote Refinery, which research said will be the fifth-largest company by market capitalization on the continent and in the same vein, the world’s largest single-train refinery in the world, after its commissioning. Although the refinery is still under construction in Lekki, Lagos State, Nigeria, the conclusions were drawn from some statistical reports.

The refinery is said that it will be operating under a working capacity processing about 650,000 barrels of crude oil per day. No refinery in the world has that capacity yet, automatically validating The Dangote Refinery as the largest single-train refinery in the world.

Aliko Dangote, who is currently valued at 13.6billion dollars according to Forbes, is said to have invested over 7billion on this project which can be tagged as one of his greatest investments that he strongly believed will yield like dividends in years to come. According to the report, the oil refinery will be Africa’s largest refinery upon completion. In addition, the production capacity of The Dangote Refinery will outperform that of big nations across the world.

This is a greatly welcome development that will put Nigeria in the spotlight for crude oil refining before other countries of the world compete with superpowers in countries like the United States of America, China and Saudi Arabia. Also, this is going to create amazing job opportunities for people. The job capacity it is proposed to create is about 250,000 when it is fully operational.

This is laudable!

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