Aliko Dangote Plans to Take a Well-Deserved Break After Refinery Milestone
After years of intense investment and development, Aliko Dangote, Chairman of Dangote Group, says it’s time for some much-needed rest. Speaking at the groundbreaking ceremony of First Bank’s new 40-story headquarters at Eko Atlantic City, Lagos, Dangote shared his thoughts on the growing interest in the area.
Not Ready to Join the Move—Yet
Lagos’ Eko Atlantic is attracting major investors, and Femi Otedola has already extended an invitation for Dangote to set up shop there. While he acknowledges the appeal, Dangote made it clear that his priority right now is taking a break.
“Many businesses are moving their headquarters to Eko Atlantic. Femi (Otedola) has encouraged me to do the same, but for now, I’m resting. Having delivered the refinery, I think I deserve a break. But I’ll be here soon,” he said.
Dangote Refinery: A Game-Changer
The $20 billion Dangote Refinery, situated in Ibeju-Lekki, Lagos, began processing gasoline in September 2024 after officially launching operations in January 2024. Initially delayed due to crude shortages, the facility now stands as the largest single-train refinery in the world, with the ability to process 650,000 barrels of crude oil per day.
As investors continue to pour into Eko Atlantic, all eyes will be on Dangote to see when he finally makes his move.
