Billionaire Aliko Dangote has 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
In an exclusive interview with Forbes on Monday, Dangote opened up about the risks involved in such a massive undertaking.
“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.
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Such a big risk