Africa’s richest man just isn’t slowing down and the ocean may correct be his next frontier. Aliko Dangote, the billionaire industrialist within the back of certainly one of Africa’s largest enterprise empires, has filed plans to acquire what may perhaps develop into Nigeria’s greatest and deepest seaport.
The proposed location? Olokola, a coastal town in Ogun State, not too far from his already sprawling oil refinery and fertilizer plants.
For Dangote, this isn’t correct about ports and pipelines. It’s about control over logistics, over exports, and over the subsequent phase of Nigeria’s industrial future.
A seaport with reason
The planned Atlantic seaport is meant to complement and wait on Dangote’s industrial activities in Lagos, especially fertilizer and petrochemical exports. At the 2d, the group depends on a private jetty to ship out products and herald heavy gear.
Nonetheless the novel port, if accomplished, would significantly ramp up capacity and independence.
“It’s not that we want to attain all the pieces by ourselves,” Dangote reportedly said.
“Nonetheless I absorb this extra or less funding will inspire other entrepreneurs to catch entangled too.”
It’s a daring statement, nonetheless also a calculated transfer. With competitors savor the
Chinese-backed Lekki Deep Sea Port already operational, Dangote’s novel mission may perhaps shift the balance of energy in Nigeria’s logistics landscape.
Past Fertilizer: Eyeing LNG Exports
This isn’t correct about fertilizer, both. Dangote also wants to enter the liquefied natural gas (LNG) game.
The plan entails building pipelines from Nigeria’s gas-wealthy Niger Delta to the proposed seaport, a major infrastructure mission that would allow the group to start transport LNG instantly from Lagos.
According to Dangote Neighborhood’s Vice President, Devakumar Edwin, the goal is to herald additional gas than even Nigeria LNG Ltd (NLNG), the country’s fresh LNG export leader. That’s no small ambition, full of life about NLNG is backed by heavyweights savor Shell, TotalEnergies, and the Nigerian authorities.
“We know the place there may be a lot of gas,” Dangote said, “so we’ll hasten a pipeline all the way and bring it to the shore.”
What you may calm know
Dangote isn’t insecure about thinking vast. Earlier this year, he said he expects his group’s annual earnings to hit $30 billion by next year. That can be extra than most African countries generate in exports.
He also aims to make Nigeria the world’s top exporter of urea, surpassing even Qatar within the subsequent four years.
In the back of these plans is a clear message: if Nigeria’s public infrastructure can’t sustain, private hands will take over. And in Dangote’s case, these hands are building ports, laying pipelines, and rewriting what’s that you can imagine in African industrialisation.
From cement to oil, and now to ocean trade, Dangote’s empire keeps rising, one mega-mission at a time.
