My Company will be Selling Forex to Central Bank by 2020 - Billionaire Aliko Dangote Reveals
Aliko Dangote Speaking at The Nigeria Summit hosted by The Economist, president of Dangote group and billionaire business man, Alhaji Aliko Dangote, has said that his conglomerate should be selling foreign exchange to the Central Bank of Nigeria (CBN) by 2020. The richest African alive also said the problem with Nigeria should not be blamed on oil, seeing that oil traded at $9 per barrel in 1998, adding that his company should generate 12,000 megawatts of electricity for Nigeria by 2018. "We are looking at a situation that by 2020 we are the one selling FX to CBN. Our projects are mainly import substitution. We are working to be self-sufficient to grow about a million tonnes of rice over the next five years. "Our gas project would have our gas pipelines on the sea bed.