After achieving a monumental milestone with the successful delivery of his $20 billion refinery project, Aliko Dangote, President of Dangote Industries Limited, has revealed that he is currently taking some time off to rest. The massive 650,000-barrel-per-day refinery, which now exports refined products across Africa and the Middle East, has significantly disrupted the global oil and gas market.
The Biggest Risk of His Life
Speaking at the groundbreaking ceremony of First Bank’s new 43-storey head office at Eko Atlantic City, Lagos, Dangote described the refinery project as the “biggest risk of his life.” The business mogul shared how he went through challenging times, saying, “I went through hell.” Despite the difficulties, the refinery has become a major game-changer in Africa’s industrial landscape.
Congratulating Femi Otedola and First Bank
At the event, Dangote congratulated Mr. Femi Otedola, Chairman of FirstHoldCo, for his ambitious vision to build the towering First Bank headquarters in Eko Atlantic City. He described Eko Atlantic as the “new City of Lagos” and expressed optimism that more corporate entities, including banks, would establish a presence in the emerging industrial city.
Taking a Break Before New Ventures
While Otedola extended an invitation to Dangote to join the new development at Eko Atlantic, Dangote said, “Maybe soon, not now. I’m resting right now. Having delivered the refinery, I need some rest. But I’ll be here very soon.”
Notable Attendees at the Groundbreaking Ceremony
The groundbreaking ceremony was graced by several dignitaries, including:
- Vice-President Kashim Shettima
- Lagos State Governor Babajide Sanwo-Olu
- Ogun State Governor Dapo Abiodun
- Ondo State Governor Lucky Aiyedatiwa
- Former Senate President Dr. Bukola Saraki
- Former Delta State Governor James Ibori
- CEO of Pacific Holdings, Dr. Deji Adeleke
- Senator Daisy Danjuma, CEO of Sapetro
- Ambassador Gilbert Chagoury
- Alhaji Mustapha Indimi
Conclusion
With the refinery now operational and reshaping the oil industry, Aliko Dangote’s decision to rest is well-deserved. His next move, whenever it happens, will surely be another monumental venture.
For more insights on Africa’s industrial growth, visit African Business.
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