Aliko Dangote has announced plans to expand his business empire into steel production, electricity generation and port development. The move is part of a wider strategy to speed up industrial growth across Africa and reduce reliance on imports.

His Dangote Petroleum Refinery & Petrochemicals is already producing about 650,000 barrels of refined products daily. He expects output to increase in the coming years as expansion continues, but says refining is only one stage of a bigger vision.

Dangote explained that investing in steel, power and port infrastructure will help solve key challenges facing Nigeria’s economy. Analysts believe these sectors are vital for construction, manufacturing, trade and large-scale job creation.

He added that creating millions of jobs for Nigeria’s growing population remains a top priority. With plans to list the refinery on the stock market and expand into new sectors, Dangote says bold private investment is essential to transform Africa’s industrial future.