Aliko Dangote plans a $20 billion refinery in Nigeria, facing regulatory and market challenges.

Aliko Dangote, Africa's richest man, is investing $20 billion in a 650,000-bpd refinery but faces regulatory obstacles and market concerns. Despite Nigeria's deregulation of the petroleum sector, pricing issues remain, impacting the refinery's potential. Ghana, which spends $400 million monthly on imported refined products, could benefit from Dangote's refinery. The article underscores the need for African nations to support local entrepreneurs to foster economic self-sufficiency and job creation.

November 04, 2024
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