Billionaire businessman and Africa’s richest man, Aliko Dangote, has credited President Bola Ahmed Tinubu as the visionary behind Nigeria’s multi-billion-dollar Dangote Refinery and Petrochemicals Complex.
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Dangote made this statement during President Tinubu’s official visit to the refinery site in the Lekki Free Trade Zone, Lagos, on Thursday, June 6. He commended the President’s strategic foresight in creating the enabling environment for such a megaproject to take root.
“It gives me immense pleasure to welcome Your Excellency to the Dangote Refinery and Petrochemicals Complex and to commission this concrete road and other infrastructure which you graciously approved,” Dangote stated.
“I must emphasise that the Dangote Refinery is, in many ways, your brainchild. The Lekki Free Trade Zone was established during your tenure as Governor of Lagos. Today, Your Excellency, you are witnessing the tangible fruits of that vision,” he added.
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Dangote described Tinubu as a visionary leader, citing the President’s policies as key to the nation’s ongoing industrial transformation.
He singled out the Naira-for-Crude Policy—a bold economic initiative by the Tinubu administration—as a major game-changer. According to him, the policy has reinforced Nigeria’s economic independence and marked a significant step toward energy self-sufficiency.
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“What you have seen today is nothing—we are just getting started,” Dangote promised, hinting at future expansions of the industrial complex.
The billionaire also praised the government’s Nigeria First Policy, a strategic move to reduce the country’s dependence on imported goods. The policy encourages Nigerian industries to prioritize local sourcing, investments, and consumption—a move Dangote believes will boost national productivity and job creation.
Tinubu, who appeared visibly impressed during his tour of the facilities, praised Dangote’s commitment to national development, noting that such projects will transform Nigeria’s economy and reduce reliance on petroleum imports.
The Dangote Refinery, valued at over $20 billion, is expected to be one of the largest in the world when fully operational and will process 650,000 barrels of crude oil per day.
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