Billionaire Aliko Dangote described his $23 billion Dangote refinery project as the “biggest risk” of his life, acknowledging the challenges he faces in achieving the business.
In an exclusive interview with Forbes on Monday, February 17, Dangerte revealed the risks involved in the massive business.
“This is the biggest risk in my life. If that doesn’t work, I’m dead,” he said. Despite the groundbreaking capacity of the refinery is 650,000 barrels per day and its largest position as Africa, Dangote revealed that the journey completed is full of uncertainty.
Dangote also talked about the obstacles he faces in funding the project, regulatory challenges and securing suppliers.
Dangert said he is committed to providing a blueprint for industrialization in Africa. “We have to build our own country. We have to build our own continent, not [rely on] foreign investment. ”
He added that Africa has always been a “broiler for finished products only” and that his refineries represent “a “critical step” to ensure that Africa has the ability to perfect its crude oil and thus create wealth and prosperity for its large population” , he created it for his huge crowd.
According to Forbes’ Report, despite establishing a family office in Dubai and having his three daughters take on various roles in the family business, his focus remains firmly focused on Nigeria.
He continues to spend most of his time on refineries and regularly meets with engineers and managers to monitor progress. Dangote is also working on projects such as building subsea pipelines, transporting natural gas from the Niger Delta to Lagos and expanding the capacity of fertilizer plants in refineries.
Looking ahead, he plans to open the refinery next or two years. “I’ve been fighting all my life, but I haven’t lost the fight yet,” he said.
