The commencement of operations at the Dangote Refinery has resulted in a remarkable 100% increase in the net worth of Aliko Dangote, according to the Bloomberg Billionaires Index. This surge in wealth comes as the refinery, located in the Lekki Free Trade Zone in Ibeju-Lekki, Lagos, begins full operations.
The Dangote Refinery is recognized as the world’s largest single-train oil refinery and one of the most advanced facilities globally, capable of processing a diverse range of crude oil types. Bloomberg highlighted that the refinery has the potential to significantly transform Nigeria’s economy by achieving self-sufficiency in fuel production.
As a result of the refinery’s launch, Dangote’s net worth has soared to approximately $27.8 billion, reflecting the economic impact and strategic importance of this major industrial project for Nigeria.