Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has raised the alarm over the continent’s growing dependence on imported substandard fuel, warning that Africa is losing an estimated $90 billion annually to refined petroleum products it can produce locally.
Speaking at the ongoing West African Refined Fuel Conference in Abuja on Tuesday, Dangote condemned the influx of cheap, often toxic petroleum products into African markets and criticised the fragmented fuel standards that hinder regional trade.