Dangote Plans to Rest After Completing Refinery

Aliko Dangote, the chairman of Dangote Group, has said he is taking a break after the efforts and financial commitments that led to the completion of Dangote Refinery.

He made this known on Wednesday in Lagos while attending the groundbreaking ceremony for First Bank’s new 40-story headquarters at Eko Atlantic City.

Speaking at the event, Dangote mentioned that while many investors are moving to the new city, he is not in a hurry to do the same.

He shared that businessman Femi Otedola has encouraged him to join others setting up offices in Eko Atlantic, but for now, his focus is on resting.

However, he assured that he would eventually make the move.

The $20 billion Dangote Refinery, situated in Ibeju-Lekki, Lagos, started gasoline production in September 2024.

Although it began operations in January 2024, its progress was slowed by crude oil supply challenges.

With a daily processing capacity of 650,000 barrels, it is the largest single-train refinery in the world.

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