Dangote Group Projects 650% Revenue Growth To $30bn By 2022

President of Dangote Group, Aliko Dangote, says the turnover of his conglomerate could grow to $30bn in the next two years when its ongoing projects including the refinery, fertilizer, petrochemicals and other businesses are completed and running.
This will translate to a 650% growth from the group’s current annual turnover of about $4bn.
He has a crude oil refinery currently valued at $12bn oil refinery under construction. It would be the single largest in the world upon completion, with the capacity to meet more than Nigeria’s entire fuel consumption.

Addressing newsmen last week, Dangote also lauded the Federal Government’s efforts in the agricultural sector, noting that the government’s focus on the sector will boost national GDP and less reliance on the oil sector for growth and development.
According to: “We have massive arable land, we have water, we have the right climate, so the population growth does not really make me nervous… So, I think the government is doing very well by focusing more on the agricultural sector …we just have to tilt towards agriculture and manufacturing as against our oil-reliant economy.”
He also praised the government’s determination to get more revenue from taxes, noting that the restructuring of the nation’s tax system will generate more revenue for the government.

According to him “60% of the government revenue is coming from oil, but the government is doing quite a lot to diversify the economy by even trying to restructure the tax system because we need to make more money from taxes… because as it is now, the tax generation in Nigeria is a bit low but the government is on the right track with these innovations.”

It would be recalled that 62-year-old Dangote was recently reported as being $4.3bn richer in 2019, according to the Bloomberg Billionaires Index, ending the year with a net worth of almost $15bn. This ranked him the 96th wealthiest man in the world at the end of last year.
Dangote holds a significant stake in Dangote Cement, Dangote Sugar, and Nascon Allied Industries, among many others.
Dangote incorporated his own business selling cement at 21 and begun cement manufacturing in the 1990s.

https://investdata.com.ng/2020/01/dangote-group-projects-650-revenue-growth-to-30bn-by-2022/