Alhaji Aliko Dangote, Africa’s wealthiest individual, revealed his expectation that the total revenue from his businesses will surpass $30 billion by the close of 2024.
The Nigerian billionaire and founder of the Dangote Group is renowned for his extensive business empire, which includes subsidiaries specializing in a wide range of goods and services across various sectors of Nigeria’s economy.
In a CNN interview, Dangote expressed that this significant growth would position the Dangote Group among the top 120 largest companies globally.
He attributed this optimistic forecast to recent company restructuring and the appointment of key personnel in crucial business segments, indicating that reaching the $30 billion target by year’s end is feasible.
He said:
When asked if the $19 billion crude oil refinery in Lagos had begun generating profit, Dangote confidently stated that revenue will start flowing soon.
He emphasized that while the primary goal of running businesses is to make money, he finds immense satisfaction in knowing that his efforts are contributing to the advancement of Africa.
In response to a question about the sufficiency of crude oil supply from domestic producers, Dangote remarked that while the Nigerian National Oil Company Limited (NNPC) is making commendable efforts, the International Oil Companies (IOCs) are accustomed to exporting their crude and are hesitant to adapt immediately.
Source: TimesNow.com.ng
