My target is to ensure that Nigeria becomes economically self-sufficient – Dangote
Written by Henry on February 23, 2018
The President/Chief Executive Officer, Dangote Industries Limited, Aliko Dangote, has said that his target is to ensure that Nigeria becomes economically self-sufficient.
He said this during the 2018 Customers Celebration and Distributors Awards Night of Dangote Foods, comprising of Dangote Flour Mills, Dangote Sugar Refinery and NASCON Allied Industries, where 77 customers were rewarded in Lagos on Wednesday.
Dangote stated, “We are gathered here in honour of our customers and distributors, who have distinguished themselves in the distribution of our food products range, and also to thank all the members of staff at DFM, NASCON and Dangote Sugar for their contribution.
“We are firm believers in the vast economic potential of Nigeria. This has informed our desire to invest massively in some states across the country. Our target is to ensure that Nigeria becomes self-sufficient in all the sectors where we play.”
He added that the group’s annual revenues exceeded $4.1bn in 2017, saying , “Our new projects include the world’s largest single train petroleum refinery, which is being built in Ibeju-Lekki, Lagos at the cost of $12bn, which will address Nigeria’s energy needs and eliminate importation of refined petroleum products.”
Dangote stated that his group had developed a sugar backward integration project plan targeted at the production of 1.5 metric tonnes per annum from various sites across Nigeria in the next 10 years.