Mr. Aliko Dangote, the President of the Dangote Group, has said the African Continental Free Trade Area (AfCFTA) would offer his conglomerate a business opportunity that is estimated to be worth $12 billion per annum.
He made the comments at a “High-Level Roundtable Discussion on Industrialisation in Africa,” organised by the Manufacturers Association of Nigeria (MAN) as part of the activities to mark its 50thanniversary celebration.
“You know that long before the AfCFTA, we have always designed and planned to be an export-based company.
“We (Dangote Group) are interested in the AfCFTA because we are going to be its major beneficiaries. Number one, if you look at it today, we have the largest fertilizer plant in Africa so we will supply fertilizer all over the continent.
“We are building the largest petrochemicals on the continent.
“We are also building 650,000 barrels per day petrol refinery. All these are not for the Nigerian market alone.
They are actually for Sub-Saharan Africa because all the Sub-Saharan African countries are importing their petroleum products. So, when we start all our exports, we will be able to export more than $12 billion worth of goods, and that has actually put us as one of the highest in Africa, if not the number one. “