The President, Dangote Group, Alhaji Aliko Dangote, in his statement while receiving The Guardian Man of The Year 2015 award in Lagos, said Nigeria will be the highest exporter of cement by the year 2018.
“The only way we can help the continent is to be self-sufficient and also export. What we have been able to achieve is that in the next two years, Nigeria will be the highest exporter of cement.”
Dangote said the award was the most cherished among all the honours he had received both locally and internationally, stating that he was working hard with his company to take Nigeria to the next level and that within the next two and half years…
“We want to do that by looking at critical areas where Nigeria is not doing well in terms of local production and tackle the problem areas.”
And to tackle these problem areas, he stated that the company has invested in a refinery with a production capacity of 650,000 barrels per day, adding that its petrochemical plant, which has a production capacity of 1.2 million metric tonnes, was 10 times that of Eleme petrochemicals, which has 120,000MT production capacity, thus making it the largest producer of petroleum products in Africa.
“Dangote Group is building a refinery which will produce 650,000 barrels of petrol per day; the current capacity that we have as a country now, both the ones that are working and the ones not working, is just 450,000 barrels per day.Our petrochemical is ten times that of Eleme, we are at 1.3 million, Eleme is 120,000, so it will be the largest petrochemical industry in Africa. In fertilizer production, we are not only trying to satisfy the market, but our size is three million tonnes which is ten times more than what is available in Nigeria today.”
“We are committed to turning around the economy of Nigeria and in the next two and a half years, Nigeria will be the highest oil petroleum products export country, will be the highest in terms of fertilizer export, will be the highest in petrochemicals export,” he added.