Africa’s richest man, Alhaji Aliko Dangote, has restated his
commitment to assist the Federal Government in turning around and diversifying
the country’s economy according to reports on NTA news.
This was revealed after he bagged a prestigious award on Friday
at an event organized by The Guardian Newspapers Limited. He was awarded the
“Man of the Year 2015’’ in Lagos.
According to him, in the next two and a half years, the
Nigerian economy will feel the corrective effects of the economic plans stated
by his company.
“We want to do that by looking at critical areas where
Nigeria is not doing well in terms of local production and tackle the problem
areas.
“Number one is refinery, Dangote Group is building a
refinery which will produce 650,000 barrels of petrol per day; the current
capacity that we have as a country now, both the ones that are working and the
ones not working, is just 450,000 barrels per day.
“Our petrochemical is ten times that of Eleme, we are at 1.3
million, Eleme is 120,000, so it will be the largest petrochemical industry in
Africa.
“In fertilizer production, we are not only trying to satisfy
the market, but our size is three million tonnes which is ten times more than
what is available in Nigeria today.
“We are trying to make sure we satisfy the local needs and
also export and we thought about how to address our power issues, the only way
we can address power issues is to have enough gas and sort out distribution.
“Distribution is important because unless you collect money
from the consumers, you cannot grow.
“There are two sub-sea gas pipelines coming from Bonny which
will produce about three billion volume of gas which is exactly about the same
size of LNG.
“We are committed to turning around the economy of Nigeria
and in the next two and a half years, Nigeria will be the highest oil petroleum
products export country, will be the highest in terms of fertilizer export,
will be the highest in petrochemicals export.
“Nigeria will also be the highest in terms of cement export
in Africa,’’ he said.
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