Africa’s richest man, Aliko Dangote, has disclosed that the residence he uses when in Nigeria’s capital, Abuja, is not owned by him but is a rented property.
During a media briefing at the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos State, on Sunday, Dangote explained that his commitment to industrializing Nigeria is the primary reason he does not own houses outside the country. He shared that he previously owned a house in London but sold it in 1996.
“The reason I don’t have a house in London or America is solely because I wanted to focus on industrialization in Nigeria,” Dangote said. “I figured that if I had those houses, there would be one reason or another for me to visit those places, thereby causing distractions.”
Expressing his dedication to the Nigerian dream, Dangote revealed that besides his residence in Lagos, he owns a house in his home state of Kano and rents an apartment in Abuja.
In her closing remarks, Group Executive Director of Commercial Operations, Fatima Dangote, praised her father’s unwavering commitment to Nigeria. “I have not seen anyone as hardworking as my father. Sometimes I wonder how he never gives up. I wish we had a few more men like my father in Nigeria; the country would be a better place,” she said.
The billionaire also revealed the recent stake of the Nigerian National Petroleum Corporation (NNPC) in his Dangote refinery.
why NNPC’s Stake Reduced from 20% to 7.2% – Aliko Dangote
The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation (NNPC) no longer owns a 20% stake in the refinery.
According to Dangote, the corporation had been expected to settle its outstanding balance by June but has yet to do so. As a result, the NNPC’s stake in the refinery has been reduced to 7.2%. In an exclusive briefing with journalists in Lagos, Dangote explained that the corporation had defaulted on its obligations, leading to the reduction of its stake.
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