The President of the Dangote Group, Mr. Aliko Dangote, has disclosed that the African Continental Free Trade Area (AfCFTA) would offer his conglomerate a business opportunity that is estimated to be worth $12 billion per annum.
Dangote made this disclosure during a “High-Level Roundtable Discussion on Industrialisation in Africa,” which was organised by the Manufacturers Association of Nigeria (MAN) as part of the activities to mark its 50thanniversary celebration.
He said: “You know that long before the AfCFTA, we have always designed and planned to be an export-based company.
We (Dangote Group) are interested in the AfCFTA because we are going to be its major beneficiaries. Number one, if you look at it today, we have the largest fertilizer plant in Africa so we will supply fertilizer all over the continent. We are building the largest petrochemicals on the continent. “We are also building 650,000 barrels per day petrol refinery.
All these are not for the Nigerian market alone. They are actually for Sub-Saharan Africa because all the Sub-Saharan African countries are importing their petroleum products.
