Aliko Dangote, di African billionaire businessman, don see im net worth jump from $12.8 billion to $27.8 billion, according to di latest report from Bloomberg Billionaires Index. Dis big increase happen because of im newly launched $20 billion refinery wey dey Lagos State, Nigeria.
Di refinery, wey be di largest single-train facility in di world, start operation recently and it dey process different crude oils from around di world. Dis project, wey take 11 years to complete and cost more than twice di initial budget, go help Nigeria stop depending on fuel imports, which don dey affect di economy.
Dangote, wey be 67 years old, talk say he no expect di level of challenges he face during di construction of di refinery. He mention say he face opposition from local communities, environmental concerns, and other regulatory challenges, including di effects of COVID-19.
With dis new net worth, Dangote now rank as di 65th richest man in di world and di richest person in Africa, according to Bloomberg’s report. His refinery go produce 650,000 barrels per day once it fully operational and go meet 100% of Nigeria’s consumption need for refined products like gasoline, diesel, kerosene, and aviation jet fuel.
Dangote’s company say di plant go have surplus of each product for export and go create thousands of jobs, stimulate industrial growth in di Lagos region, and save Nigeria billions in foreign exchange costs by reducing fuel imports.
