Billionaire Aliko Dangote has shared that his $23 billion refinery project was the biggest risk he has ever taken. In an exclusive interview with Forbes on February 17, Dangote admitted that if the project had failed, it would have been disastrous for him.

The Dangote Refinery, which has the capacity to process 650,000 barrels of oil per day, is the largest in Africa. However, Dangote explained that completing such a massive project came with many uncertainties.

He faced several challenges, including securing financing, navigating regulations, and finding trustworthy suppliers. Despite these obstacles, Dangote remained determined to see the project through to success.

Dangote’s vision goes beyond just building a refinery. He believes Africa must take control of its own future by developing industries that generate wealth locally, rather than relying on foreign investments.

In his words, Africa has often been a place where finished products are sent, and it’s time for the continent to start refining its own crude oil. By doing this, Dangote believes Africa can create jobs, increase its wealth, and improve living standards for its people.

For Dangote, this refinery is not just a business success—it is part of his larger dream to see Africa become more independent and prosperous.