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.
The Bloomberg Billionaires Index reports that the start of full operations at the oil refinery has significantly increased the wealth of the industrial magnate.
Located in the Lekki Free Trade Zone, Lagos, the Dangote Refinery is recognized as the world’s largest single-train oil refinery, capable of processing various types of crude oil. Bloomberg noted that the refinery could make Nigeria self-sufficient in fuel production, contributing to the doubling of Dangote’s net worth to $27.8 billion.
