Africa in BusinessAfrica in Business

Dangote Refinery Emerges as Key Player Amid Global Supply Strains boosting wealth

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Africa's richest man, Aliko Dangote, has reportedley recorded a sharp rise in his net worth, which recently reached $33.2 billion after gaining over $3 billion since the start of the year. Recent reports further suggest that disruptions linked to the Strait of Hormuz have tightened fuel supply, boosting exports from Dangote Refinery and increasing Aliko Dangote's profits. We now speak to Professor Adeola Adenikinju,  Professor of Economics, University of Ibadan and immediate past President of the Nigerian Economic Society. He has recently visited the Dangote Petroleum Refinery, and joins us now to reflect on how the surge in fuel demand linked to global supply disruptions is accelerating the growth and profitability of the Dangote Petroleum Refinery, and what this means for Africa's richest man..

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