Alhaji Aliko Dangote, Africa’s richest man and President, Dangote Group, has revealed that the group is set to diversify his investment into Oil and Gas in Cameroon
“We have plans to expand our investment to other sectors beginning with oil and gas,”
He also announced that his company will double cement production in Cameroon.
Dangote opened a 1.5 million-ton cement grinding facility in the central African nation in March 2015 that ended a 40-year French monopoly in the industry.
Dangote Refinery, situated in Lagos, is expected to become operational by the first quarter of 2022. When completed, it will have the capacity to process about 650,000 barrels per day of crude oil, making it the largest single-train refinery in the world.