The commencement of operations of the Dangote Refinery has led to about 100 percent increase in the net worth of Aliko Dangote, Bloomberg Billionaires Index stated on Thursday.
According to the Bloomberg Billionaires Index, the commencement of full operations at the oil refinery has substantially boosted the wealth of the industrial magnate.
Dangote Refinery, situated within the Lekki Free Trade Zone in Ibeju-Lekki, Lagos, is reputed to be the world’s largest single-train oil refinery and one of the most advanced, with the capability to process a wide range of global crude oil types.
“The refinery has the potential to transform Nigeria’s economy by making the country self-sufficient in fuel production. And it has more than doubled his net worth to $27.8 billion,” stated Bloomberg.
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