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The commencement of full operations at the Dangote Refinery has resulted in nearly a 100 percent increase in the net worth of Aliko Dangote, according to the Bloomberg Billionaires Index. This significant boost in wealth comes as the refinery, located in the Lekki Free Trade Zone in Ibeju-Lekki, Lagos, officially begins its operations.
As the world’s largest single-train oil refinery and one of the most advanced facilities, the Dangote Refinery is poised to process a diverse range of crude oil types from around the globe. Bloomberg noted, “The refinery has the potential to transform Nigeria’s economy by making the country self-sufficient in fuel production.”
Following the refinery’s launch, Dangote’s net worth has surged to approximately $27.8 billion, underscoring the financial impact of this landmark development on his wealth and the broader Nigerian economy.
