YouSaid · the spoken record

Aliko Dangote

lines on the record: 68
first: 2026-05-13
most recent: 2026-05-13
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“My own advice to young African people is to work hard. And also have the belief that the future is greater than the current situation that we're in, that Africa is a promised sea land and they should stay at home and make sure that we collectively build our continent rather than just flying out somewhere else.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I have. Even the t shirts, every day, anytime that they are praying, I always wear the t-shirt. And I have one, you know, which has also signed up by the captain. So, I mean, I'm a fan. It's better for me to remain as a fan and continue to fund my own business rather than just putting, I mean, today they are worth billions and it's not really worth my while at all.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“When I was really very, very focused on buying Arsenal, then I was also facing the challenge of making sure the refinery gets to its own completion, the fertilizer, the phytochemical. And then when I look at it at that time, I say, okay, fine, but I have needs of funds. Will I go and put at that time Arsenal was worth just about $2 billion? Should I put my $2 billion in Arsenal and now allow the business to suffer or should I now complete the business, then I can continue to remain a very big supporter of Arsenal. So I decided that no, I'm going to continue to support them, watch their games, go there, and I am an Arsenal fan rather than now trying to take his car.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Do I relax I try to sometimes take my grandkids if they are around, take them to the beach. I love going to the beach. But I love also exercising.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Poverty, alleviation, health, empowerment of people, and also education. So these are the areas that we're really focusing.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“The foundations work, you know, the foundation about 2014. I did an endowment of 1.25 billion dollars. So what we are now doing mostly is actually partnership. We have, I think. I'm right based on what Mr. Bill Gaz told me. He said that we are one of the best partners they have had as a foundation. You know, we've been able to eradicate polio and we are working on quite a lot of things being primary healthcare, nutrition. These are areas that we are working with them. In some areas in education, we are doing that on our own. But as we speak right now, My head of foundation, she's in Saudi Arabia trying to work with other foundations to see how do we really attract because we have unfortunately in Nigeria we have almost about more than 10 million kids out of school so we are investing heavily in terms of education and as we grow more we keep funding the foundation to be able to take care of all this”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Rwanda, which is Kigali, and will be supported by a lot of presidents. And I think the more they understand what we are trying to do, the more that we'll achieve. Because nobody can transform our continent, but us, we Africans. And that is why we are trying to mobilize all the entrepreneurs to make sure that they join us at different levels. Some will be doing big things, some will be doing medium things, some will be doing, you know, this and then that one will attract foreign investment. Where now, because we don't have enough to be able to provide and take the content to the next level.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“My legacy will be that I'm one of the ones that actually pioneered the industrialization of Africa. That's my focus. To make sure that Africa produce what we consume. This is my main focus. And for us to keep pushing, to make sure that we have one common market. I have a group which is called the African Renaissance and the quiet of any big guy in Africa, 54 of us were in this group, which we meet physically once in a year”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“If we don't, we'll not be able to get support from anywhere. We have been waiting for long for foreign investors to come and invest and actually show what are the potentials of Africa. But today, we are the ones that will end up Showing people that these are the potentials and that we believe, I personally believe, that by doing so, a lot of corporations will join us in funding this massive infrastructure that will make Africa to be at the next level.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“What is driving me is legacy actually is not about being richest because, I mean, I don't have too much of needs. That's why today, okay, I'm restricted. I cannot just do the giving pledge where now I pledge all my work to this, you know, in my religion, Islam. It does not allow for that unless the inheritors agree with you. But I've given now one third of my wealth to the foundation. If anything happens to me, now one third will automatically go to my foundation. But what is driving me the most is that we have a lot of needs in Africa. And for people like us, for cooperation like us, we are the ones that are supposed to provide that leadership in terms of transforming the economies of Africa.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“The oil that we have is not as good, it's not as much as the gas that we have. Most of Nigeria's oil, I mean gas, came out by accident as a result of looking for oil. So when we go now deep, looking for gas, Nigeria can be one of the biggest suppliers of LNG in the world. And that's why now we want to do a gas pipeline, which the government is promoting, and they want us to join, taking gas now all the way from Nigeria around up to By the course side. So now we are already in Ghana. So, Ghana, the next phase will be Cote d'Ivoire, C ⁇ dibois, Mauritania, where they would inject their own gas, then Senegal too will inject their own gas. Then we jump into Europe. So going forward, Africa will be supplier of most of these criticals. Critical items.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“A lot. I mean, we have the critical mirrors, Africa controls about 60% of the world's critical minerals. We have young energetic population. The most arable land in the world, 60% of the arable land of the old is there. We have land mass, so all this one and the minerals that we have, we're not actually processing any one of them. So the opportunities are enormous. A lot of now you look at what happened now between Ukraine and Russia. European countries are now ready to see where can they get their energy from, like LNG, for example. Nigeria, what I keep telling people is not a country that we don't have oil.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Course, I've seen a lot of opportunities that I've never ever knew that they exist. I've never ever told people that I've never ever dreamt of my own company. I've been an ambitious person right from childhood, but I've never ever thought of my company being 10% of where we are today. We still have a lot of shit to go because I look at China. I mean, look at a country, for example, like Singapore. Don't have natural resources, they don't have land, they don't have anything, but they've been able to create something out of nothing.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, you know, if I'm going to have this, you know, in the interview, that's why we just don't do interview through the Zoom or whatever. No, no, no. We have to first of all sit down with you and talk to you. You know, you can also ask us questions. But what you are looking for is to have that chemistry. We have to now make sure that we align. We have the same thinking and you are not thinking of something totally different. You are not thinking of being socialist, for example, or we are thinking about being capitalist. So that chemistry has to come in.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Key to patients, first of all, you have to have we have very good people that we are leading in the organization. So sometimes you have to be very patient for people to be able to pick up Be able to prepare themselves for that leadership. So we are preparing a lot of our people to be able to take over that leadership and that's why we have to have the patience in terms of, okay, fine. Somebody will just not start running first day. So my leadership style is to make sure that, for example, when I'm hiring people, I always hire people who are more intelligent than me.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Because today we can't just say that, hey, look, climate from today, we will not do this. No. But what we are doing is that, yes, we are providing what we need, but at the same time... Bringing in the climate issues into place so that we will be out of these climate change issues”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Maybe 90% today of our trucks are all CNG. We're not using diesel. Even though we produce diesel, but we are using cleaner energy for that. We are looking at now not only generating power from hydro and gas, we are also doing solar and wind. Because we have massive land, especially in the northern part of Nigeria. So, in every aspect of our own business, which is also driven by the government, is to see how do we actually, because this climate change is real. But with us, we have a lot of issues to address. First, before we now get to that, so what we are doing now, we are doing them subultaneously, trying to provide for our needs at the same time working on the climate.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, but we have quite a lot in cement today. Nicola, it's not like before. If you come to our cement plant in any, even under the kill that is moving, rotating, you can sit down there and eat. Process that we have is more stringent than that of even Europe in our own plants. We are using robotic machines. We are using the dust emission is very low. We are using alternative fuel to make sure that we cut down all this. And if you look at it now, what are we doing today? You know, the biggest polluters are shipping. Companies, so we are stopping almost maybe 500 shifts from going in there to pick up crew to go and refine to now bring back the products. Today as we speak almost all our trucks”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, the inequality issue we have to address will be very difficult to do that without addressing the issue of inequality. And that one, I think various governments of Africa, they are working towards that. And I'm sure I will get there. The climate, you know, when you look at we are not the biggest polluters in those whole things, we are less than 6% of the polluting the environment. So we are doing quite a lot. You can see”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Between 2026 and 2030. So if we are going to, you know, obviously I will lean more to this, but right now today I've seen that US is also changing. This time around when I went to development financial of US, they just got about 208 billion. They are very hungry for infrastructure. They are very hungry for the post. And they are ready to lend. So with that one, then they are ready for us to now look at them and do more business. I've had delegation of some people from the House of Reps of the Assembly of Japan. And what I told them is that, no, Japan, you'll be missing for a very long time. And today, when you are coming, make sure that you come with your own balance sheet on the table. We have choices of buying from many other countries. But if you don't really come with that support, I have to go to”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Obviously, you take the Chinese one because the Chinese one means that I can do more. These ones will soak out my cash and I won't be able to do more. So for me to grow that big, I also need to leverage. I'm not going to over leverage, but I need to leverage the business to be able to get to where I want to be and where we want to be is something very, very, very big. You know, we want to do pause. We are spending $45 billion.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Let me, some of the projects like in cement, like some of the things that we do purchase of their equipments and core, they give you a suppliers credit backed by the insurance company, which is called Sino Show. SanoShow has invested Talk about 1.2 trillion. Supporting their companies to go abroad and sell their technology, sell their equipment and giving you a credit of four or five years. But if you are now going to now, if I now go to Italy, for example, and the accumulate write a check of a power plant of $500 million that I want to build. And I have one which is also good might not be even as good as Italy okay but the Chinese are saying that no no just give me 20% the rest I will give you five years You know, financing, which one are you going to take if you are in my shoes?”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“They are making money. Dominating the landscape, and obviously Africans, even our own governments, they don't joke with China because China, they put their balance sheet on the table.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Honestly, Nicola, you want me to be very open. So it's China. China really have dominated business in Africa. Because of the absence of the others.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Promising countries Nigeria. Eth Kenya, Tanzania Rwanda is small, but it's very, very promising. You have Egypt is promising, Algeria is also promising, even though they are not very open. So there are more than 10 very good countries in Africa that can go and invest. Ghana is doing extremely well. Cote d'Ivoire, which is in West Africa, they are doing extremely very well. Even Guinea today, you look at the mines that was just opened by Rio Tinto, which cost over 20 billion dollars. So people are coming in now, they realize that yes, Africa is open for business. And people are ready to. Go into these sectors.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Heavy investment in infrastructure, in training, education first because you have to work with an educated society which a lot of the governments they are putting average over 15, some of them even 20% of their budget into education. Because we have to upskill to make sure that yes, we are producing the workers that we need for tomorrow.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“We have, I mean, Nigeria, I mean, in Africa, by 20, even 30, we'll have almost 2050, we'll have 1.6 billion staff. These are young people. You know, in Africa, majority of our population, they are below 30. More than 70%.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Train them. We have also what you have, what you call young global leaders, which you have now trained over 200 Africans. It cost us a lot of money because in partnership with Davos. World Economic Forum, so World Economic Forum, they are doing this same for Africans, they are giving Africans only five slots. So I said that no, increase it to 25 to 30 and don't go to foundation will pay the bill. What you have now, I think, is a project that is costing us about $650,000 every year. And we're picking up people that we don't even know. Some of them, you know, but you have to be below 40. Some of them are ministers. So they go now and join this young global leaders with a very, very good listen. And they are very happy.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Have graduate training, these are people that we employ the best or the best in universities and we put them through what you call graduate training and once they are you know this and we will we have always been giving them a choice to be fair because we are the big cooperation in the country or even in the continent we are saying that look if you are happy stay with us you have a guaranteed job but after you are training you might as well even if you have a better offer from Shell or any other company you can go there so we are actually contributing to the national development of the country And now we are in 14 African countries. What you always do also is to go to these 14 African countries and bring them in.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Not really very difficult because it depends on what kind of culture you try to create in your own organization. If you have a very solid organization, you have very good culturally trained staff. As good as being operating anywhere in the world, so I mean, there's actually no issues about that at all. You know, like what I told you, we just don't go and pick up people from the street and employ them. No. We have an academy.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“The biggest defense port in Africa in just about 60 kilometers away from Lagos. So these are the sort of things that we are doing, which I believe now the government also themselves, they realize that, look, for me to deliver on my electorate promises. To work with the private sector, so that has actually given us an insurance because if the government disrupts any of our business, there will be the first ones to suffer before us.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“What they don't really understand, there is one thing that really is buffling them that okay, fine, if we, well, what you are saying is good, how come we Africans are not investing in our own economies? Because the mistakes that we'll be making in the past is that we are looking for foreign investors. But foreign investors are only attracted by domestic investors. So, and that's what we are doing today, Nicola, because if you look at it, we are investing heavily. I mean, we don't even take money out of the business. So majority of companies today, I can just mention a few like adnock, were in a very big discussion with them, and we want to have a very serious partnership in fertilizer, in the oil business, and in any other businesses like infrastructure. People are looking at infrastructure. That's why we're building a”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Collected minimum taxation. So government in some of these, like our cement business, I keep telling people that government is making more money than us because of the various taxes that we pay. But we're happy because we are also growing. So we're okay with that. You know, we want to also behave and be a good socially responsible company. And that's what we are. So it is a partnership where government will now give very good investment policies, good regulation, and making sure that, yes, we also don't abuse the system.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“To create employment is through the private sector because the government is already full to capacity. They don't have the resources to do that. But depending on the private sector, where now you give very good investment policies, right? Given those good investment policies, it means that it has made the governments to be partners. How are they partners? You know, today, if I run the business, even if when I don't make money, I've generated a revenue where the government will collect VAT.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“We are not depending really on the government. Because if you look at it, it's like anywhere in the world today people who are operating in America, for example, tomorrow morning if Mr. Trump wakes up from the wrong side of the bed, he can bring a regulation that can either help them or try to throw them down, which I think today those things are changing. Even in Africa, because the governments, they believe that the only way for them to create jobs.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“So now what you are doing is that we are building roads. When we build the infrastructure as roads, there is a government policy where they allow us to defray what we have invested in the roads over a period of three years. First year we take 50%, second year 25%, third year, 25. So we don't really wait for government to give us that infrastructure. We are now building the infrastructure to be able to absorb the kind of businesses that we are doing and not only for us, for the other investors in Nigeria.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, the biggest risk for us is actually if they are. Which is not, I mean, it's not in the offing at all. The other biggest risk is gamma inconsistencies in policies of which we are addressing that one because if you look at like our refinery, the national oil company already owns 7.5% and they are trying to buy more were those that say that no, we want to now spread it and have everybody to be part of. So these are the two biggest risks that we have. The other one was to do with infrastructure. What you are doing also in order to tell you the infrastructure we are working with government. You know what we are doing today? We have roads which they are more than $3 billion. Which you are building so the issue is that because our taxes, our companies are doing well, so the taxes are high.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Very well, the answer is yes. The refinery has been tested. We have now processed even crude at 661,000 barrels per day. So we have demonstrated that capability where now a lot of financial institutions are saying that yes, if it is Damgot you are doing this project, we are there to back you because we know that you can deliver. You have the capacity and you have the knowledge and you have the experience.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“We don't overstretch because we make sure that whatever we do our own in terms of funding, we can fund it with no sweat. We have a lot of financial institutions that they believe in us and they are ready to go ahead and back us financially to be able to deliver. That's number one. Number two, they know that we have history of delivery or projects. So since we have history of delivery of projects, they know that yes, their money is not going to be at risk. We have delivered a refinery that has never ever been built with petrochemicals and we managed 67,000 workers at site. We built during the most difficult times, which is COVID, we built in a very difficult environment, which is Nigeria, and we were able to deliver. When we delivered, did we really commission? Did this really work?”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“What is the difference between thinking big? Because if you think big, you grow big. When you think small, you don't grow at all. So you have to first of all know that the business you are going in is a business that you know in and out. It's like myself and any of the staff, 10 of the topmost staff, when you work them late at night, they will tell you the process of each and every part of our business. We don't think small because first of all, we know that the market we are operating.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Today last year our Ebidda was $3 billion, but the target by 2030 used to be 10 times that amount used to be at over $30 billion of EBITDA.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“What is the gap that we have? What is another insurance gap that we need to fill? And this is what we have done. And that's why we are coming off with selling part of the business, getting more investors into the business, and also making sure that we continue to isolate on the business, cement going to 100 million tons. In cement, really, we don't even need much money. We are getting financing and the cash generation is very liquid, is heavy. So we'll be able to actually fund this 45 billion, which will eventually take us to 100 billion dollars of revenue because our target is to get $100 billion by 2030. And with the market valuation of maybe more than 200 to 50 billion dollars, because as soon as it's”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“We're piping from there down, and then we have the gas treatment plant. You know, in the Nigerian gas is associated gas. So you have to treat it before you can now use it to regasify. So, what we are trying now to do is to make sure that, yes, we look at our income. What is our income stream? What is our revenue? And what is the EBIDA that we have in between 2026 to 2030?”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“We have now the group as a group wide, we have 45 billion dollars to spend. I know we're also doing LNG in Nigeria. We are doing a gas infrastructure to remove all the gas we are flying in the southern part and eastern part, bringing it to the west where we are setting off an LNG plant. About 12 million tons of LNG. Each train will be about 6 million”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Tanzania, there are a couple of countries. They say, okay, look with what has happened in the Middle East, we don't want to rely on the supply anymore from there. We need our own refinery. So Uganda, Tanzania, Kenya, and some of the other countries like, you know, I mean, Rwanda, I'm co-wan. We build the refinery the same size, 650, we'll be able to serve up to Ethiopia.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“The people who are actually benefiting, because Nigeria was given almost about $10 billion. Every year, a subsidy. So the shippers who are making tons of money, the traders who are making tons of money buying the crude. And sending us product. They use it. They say that it's a trade which they give you crude and then you supply them with products. They are also the local people because it was subsidized. So a lot of people, very few people are getting allocations. So they are making tons of billions of Naira. So these are the people that are not agreeing for us to settle down because they believe that we are coming here to displace them, which is, I mean, of course, that's what we have done now.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“We saw about 56%. some from other Angola we buy quite from Angola we buy from Libya we buy from US at a point we are doing almost about 78 cargoes of WTI from you know US but we are getting more of Nigeria's crude now so you know we have to buy now 21 cargoes every month How big we are, and you know more than doubling the refinery, you know, in the next 30 months will be at 1.4 million, which is huge.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“Is fertilizer today fertilizer is in the very high demand, not really in the high demand. In February before the Middle Eastern crisis, we are selling a ton for about $400. Today we are selling a ton of, you know, fertilizer for $850. And we are actually oversold. In plastics, polypropylene has moved from 900 in UK today it's about $3,000. And for us, if not because of the polypropylene we are producing today. The plastic industry in Nigeria, which they are very huge, they are almost like number two or number three in terms of employment. They would have shot down because there's no way you can even get it Our vision were oversold to end of the middle of July. Know and we're producing 20 million liters a day”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“The effect on our businesses is actually more of beneficiary. Then actually downside because if you look at urea where we are producers.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source
“We got a lot of support. You know, first of all, we were actually meant to fund most of these from our internally generated funds. But because of the devaluation, so we have to now rely on African bank. African Finance Corporation, Venice Bank, Access Bank. UBA and a couple of some of the local banks, but of course we also have a very good relationship with the standard bank of South Africa. And at the beginning, standard chartered bank of UK. We were very, very, very, very lucky. And what happened when we finish the refinery? Things now have turned out to be much more than our own expectations.”
2026-05-13 · In Good Company with Nicolai Tangen · Aliko Dangote: Building Africa's industrial future from the ground up · IDENTIFIED FROM THE TRANSCRIPT · source