Dangote Group targets $30 Billion turnover in 2 years

Bloomberg | Aliko Dangote, estimates group revenue will reach US$30 billion in 2 years, boosted by earnings from a new oil refinery and petrochemical plant due to start production next year, ThisDay reported.

The Dangote Group, with interests in cement, flour and sugar, currently makes annual sales of about US$4 billion, the Lagos-based newspaper reported. Dangote, who plans to diversify his investment to the U.S., is building a US$12 billion, 650,000 barrel-a-day refinery in Lagos, Nigeria’s commercial capital.