I’ve never lost any battle in my life – Dangote on his refinery project

Phenomenal
Phenomenal
I've never lost any battle in my life - Dangote on his refinery project
Dangote

President of Dangote Industries, Aliko Dangote, has boasted about his capacity for battling adversity.

He says he has fought many battles in his life and has never lost any.

Besides, he says he is ready to take on more especially in his determination to make his grand refinery project a total success.

Dangote bore his mind in an exclusive interview Forbes.

“I’ve been fighting battles all my life and I have not lost one yet,” he said.

This is as he described his $23 billion Dangote Refinery project as the “biggest risk” of his life, acknowledging the challenges he faced in bringing the venture to fruition.

“It was the biggest risk of my life. If this didn’t work, I was dead,” he said.

Despite the refinery’s groundbreaking capacity of 650,000 barrels per day and its status as Africa’s largest, Dangote revealed that the journey to completion was fraught with uncertainties.

Dangote also spoke about the hurdles he faced in financing the project, the regulatory challenges, and securing suppliers.

Dangote said he is committed to providing a blueprint for industrialisation across Africa.

“We have to build our own nation by ourselves. We have to build our own continent by ourselves, not [rely on] foreign investment,” he said.

He added that Africa has been “a mere dumping ground for finished products,” and his refinery represents “a pivotal step in ensuring that Africa has the capacity to refine its own crude oil, thereby creating wealth and prosperity for its vast population.”

Undeterred by the challenges, Dangote is determined to ensure the success of his refinery.

According to the Forbes report, despite establishing a family office in Dubai and involving his three daughters in various roles within the family business, his focus remains firmly on Nigeria.

He continues to dedicate much of his time to the refinery, regularly meeting with engineers and managers to oversee progress.

Dangote is also working on ambitious projects such as building a subsea pipeline to transport natural gas from the Niger Delta to Lagos and expanding the capacity of the refinery’s fertiliser plant.

Looking ahead, he plans to take the refinery public within the next year or two.

 

TAGGED: ,
Share this Article