Five To Ten Nigerians Can Make Nigeria’s Economy Great – Dangote
Aliko Dangote is arguably one of the richest men in the world.
In an interview with top Nigerian media executives, the soft spoken
man explains how five to ten Nigerians can make Nigeria’s economy great
if encouraged to invest at home.
“We are building a refinery and our refinery will make more money if
there is subsidy. We have changed the size of the refinery three times
because we are looking at the maximum we can do that has ever been done.
We started with about 400,000, then we shifted to 500,000. Now, we took
it to 650,000 barrels per day. That’s the biggest ever single line
thresh of refinery. It’s a huge plant and it comes with a lot of
challenges, but at the end of the day, it will save us a substantial
amount of money. Presently, about 38% of our foreign exchange goes to
petroleum products, so I think that will totally eliminate it and
eliminate all the imports. We will also be able to export and we won’t
do it all by ourselves. Other refineries will produce. Even if other
refineries are not working, we’ll be able to satisfy 100% local demand
and we’ll be able to export massively. Five to ten people can make
Nigeria a great economy. We have to encourage Nigerians to invest at
home,” he said.
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