AfCFTA: Dangote Group Projects $12 billion Annual Revenue

September 6, 2021 This Day Live 0 Comments

The President of the Dangote Group, Mr. Aliko Dangote, has disclosed that the African Continental Free Trade Area (AfCFTA) would offer his conglomerate a business opportunity that is estimated to be worth $12 billion per annum.

Dangote made this disclosure during a “High-Level Roundtable Discussion on Industrialisation in Africa,” which was organised by the Manufacturers Association of Nigeria (MAN) as part of the activities to mark its 50thanniversary celebration.

He said: “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.

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