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Africa’s richest man, Aliko Dangote, has pushed back against claims that his dominance in key industries amounts to a monopoly, stressing that Nigeria’s economy will benefit more from increased competition in refining and other capital-intensive ventures. Speaking on the role of his $20 billion refinery, Dangote explained that while profitability is necessary to keep such …
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Dangote Says Nigeria Needs More Refineries, Not Monopoly
Oluwadamilola Olanrewaju
17:20
Africa’s richest man, Aliko Dangote, has pushed back against claims that his dominance in key industries amounts to a monopoly, stressing that Nigeria’s economy will benefit more from increased competition in refining and other capital-intensive ventures. Speaking on the role of his $20 billion refinery, Dangote explained that while profitability is necessary to keep such
