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You will Hear From us Dangote Hints At Major Announcement After Sallah Break.
The project I have been talking about is incredibly significant—truly massive. Even we weren't entirely sure of what we were doing when we announced our plan to build the largest refinery. We had to navigate some tough times, especially due to the challenging terrain, but today we are grateful to say that we are up and running. Nigeria is now one of the largest suppliers of jet fuel to Europe.
I appreciate the contributions from journalists and everyone else involved, which have played a part in our success. As for the next steps, I mentioned to the president that what he has seen is just the beginning. We are on a path toward an even more ambitious trajectory than what has been demonstrated so far. If you visit us in the next five years, the refinery will be just one element of a much larger operation.
We will inform you of updates, and we plan to make an announcement by next week—most likely on Monday, given that it is a holiday. This announcement will represent a significant shift in the industry, focusing on the complete overhaul of the downstream sector rather than just a price reduction.
Regarding the question of listing on the stock market, yes, we definitely plan to do so because it’s the right move. We will begin this year by focusing on fertilizer production, and after that, we will turn our attention to the refinery. The previous bottleneck was caused by pre-test companies not being allowed to operate. However, the president has approved the necessary measures, and it has been signed under the renewal of the SEC code, so it’s all set now.
As for our timeline, we are working as quickly as possible. Our immediate focus is on fertilizer production. It's important to note that our plans are not small in scale; we aim to become the largest fertilizer company in the world within the next four years, surpassing Qatar. Thank you very much for your attention.
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