Africa’s richest man, Aliko Dangote, stunned audiences during a media briefing at the Dangote Petroleum Refinery in Lagos State, revealing that he currently resides in a rented apartment in Abuja and does not own any homes outside Nigeria. His decision, he explained, is driven by his unwavering commitment to industrializing Nigeria.
Dangote disclosed that although he once owned a house in London, he sold it in 1996. “The reason I don’t have a London or America house is solely because I wanted to focus on industrialization in Nigeria,” he emphasized. “Having such properties abroad could lead to distractions from my goal.”
Apart from his primary residence in Lagos, Dangote acknowledged owning another house in his native Kano and maintains a rented apartment in Abuja. His daughter, Fatima Dangote, praised his relentless dedication to the Nigerian dream, highlighting his unmatched work ethic.
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Dangote, Africa’s wealthiest individual and the world’s 144th richest person with assets valued at ₦17.43 trillion ($12.5 billion), is renowned as the founder and chairman of Dangote Cement, the largest cement producer in Africa.
The company, which he controls through a holding entity, operates across ten African nations and can produce 48.6 million metric tons annually.
In recent milestones, Dangote’s fertilizer plant in Nigeria commenced operations in March 2022 after years of development.
Additionally, the Dangote Refinery, launched in 2016, is poised to begin refining operations in 2024, marking significant advancements in Nigeria’s industrial landscape.
