The politics and economics of Dangote Refinery
Politics

The politics and economics of Dangote Refinery

Politics tamfitronics Aliko Dangote deserves our collective support and official encouragement. I told him the day I visited his plant that he’s “an authentic African hero and a real icon, and I meant that from the bottom of my heart. As an investor and businessman, he’s succeeded where our government has failed. He has built a huge business empire consisting of manufacturing, oil and gas, agriculture, fertilisers, and petrochemicals and will earn more than Nigeria next year. For the 2025 FY, the Dangote Group is expecting to gross a total revenue of $30 billion, with the refinery contributing $19.5b; fertiliser, $2.5b; oil and gas, $1.5b; and cement, $6b. Nigeria is projected to earn about $22 billion in revenue from crude oil exports next year. Given the huge oil theft from the Niger Delta, the...
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