Nigerian billionare Dangote to focus attention to early completion of world largest refinery, fertilizer plant, rice

    Dangote Group and CEO Aliko Dangote have said that its current focus is to increase the pace of the development of its multi-billion dollar new businesses to meet completion timelines.

The company said in a statement that efforts were being made to put in place, infrastructure for business projects including 650,000 barrels per day oil refinery, gas, fertilizer and rice production.

 Speaking at the weekend on the International Business Cable Television Channel, CNBC in Lagos, the Group's Executive Director for Strategy, Potfolio Development and Special Project, Mr. Devakumar Edwin, said that the company was out to ensure the projects go as planned.

 He said, “We are building 650,000 barrels per day oil refinery which will be the largest in the world, and our planned rice production would also be the largest in the world. “We do all these because we believe in Nigeria, we believe in her potential and we believe in her economy. We draw our business model with exportation in mind. We believe Nigeria can be self-sufficient and even produce for foreign market.”

 He further stated said that with the country’s large population and the population of other African nations, the group’s target was exportation. “That is why we build all our business models with exportation in mind. We had to review the capacity of our planned refinery and increase it. We have never hesitated to have big plants and that is why we deploy latest technologies in their set-up,” he said.

 Dangote Group is the largest industrial conglomerate in West Africa and one of the largest in Africa which generated revenue in excess of US $3 billion in 2013. The group with a workforce of about 26000 is one of the leading diversified business conglomerates in Africa.

Dangote group is owned by Aliko Dangote, who is the world richest black man with a current net worth of US$18.6 billion.

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