Dangote is the only Nigerian on 2018 Forbes World Most Powerful People list

Nigeria’s richest man Alhaji Aliko Dangote is the only Nigerian that made the annual Forbes World Most Powerful People list this year.

He occupies the 66th spot.

Aliko Dangote is the only Nigerian on 2018 Forbes World Most Powerful People list Lailasnews

Just after him, is the Vice President of the United States of America, Mike Pence who got the 67th spot on the 75 names long list.

Four factors were taken into consideration for the selection of each of the World’s Most Powerful People.

The panel looked at; how many people over whom they have power, the financial resources they control, the number of spheres their influences covers, and how actively they wield their power to change the world.

Thee chairman of Dangote Group, who made his fortune in the cement industry, is now turning his attention to dairy and sugar farming.

It has been reported that he has spent $800 million buying 50,000 cattle in the hope of producing 500 million litres of milk annually by 2019.

He is also racing to finish a 650,000-barrel-per-day oil refinery in  the outskirts of Lagos, set to be one of the world’s biggest.

It has also been announced that he intends to spend as much as $50 billion in the next decade on renewable energy and petrochemical refineries, including investments in the U.S. and Europe.

Equipment shipped from overseas to the proposed refinery in the outskirts of Lagos has made it to the location.

7 Comments

Leave a Reply

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Nigerian man returns to his alma mater in Akwa Ibom State to build a computer lab

    "I regret dating Will while he was still married to you" Jada Pinkett Smith apologises to Will Smith's ex-wife Lailasnews 3

    “I regret dating Will while he was still married to you” Jada Pinkett Smith apologises to Will Smith’s ex-wife