Africa’s richest man is betting more than he’s worth on a vast oil refinery

On a peninsula east of Lagos, 30 000 workers are employed on a project that holds out the promise of transforming Nigeria’s economic fortunes. It’s here that Aliko Dangote, Africa’s richest man, plans to spend more than his net worth of $13.5-billion building one of the world’s biggest oil refineries. If he succeeds, he could end the irony of Africa’s biggest oil producer importing $7-billion of fuel a year, and instead see it meeting its own needs and supplying neighboring nations.

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