Dangote Industries targets $30 billion revenue by 2021, Says Aliko

Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

The President/Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, recently said the company would increase its revenue base from $4 billion to $30 billion by 2021.

Dangote revealed this when the Minister of Finance, Budget and National Planning, Zainab Ahmed, paid a working visit to the Dangote Refinery, Petrochemicals and Fertiliser projects in Ibeju Lekki, Lagos.

Dangote said the projected $26 billion revenue growth will come from its refinery, petrochemical plant, rice and cement production.

This was even as the Federal Government assured it would continue to support the company by providing it with waivers needed to bring in equipment as it moves from one stage of the project to another.

Dangote said what the company was doing at the moment is building capacity and foundation of the Group from $4 billion of revenue to $30 billion.

To raise the $26 billion revenue target, he said the company is looking at over one million tonnes of rice, 600,000 tonnes of locally made sugar and eight million tonnes of cement export by January 2020 from the facility to other African countries to generate.

He said all these plans are aimed at turning around the company while making Dangote a major supplier of foreign exchange for the domestic market through the Central Bank of Nigeria (CBN).