From $19Bn to $120Bn: VP Shettima Reveals What Dangote Gave Up for Nigeria.
Vice President Kashim Shettima has lauded Aliko Dangote for choosing national development over higher financial returns abroad, citing the industrialist’s decision to build the Dangote Refinery in Nigeria as an act of economic patriotism.
Speaking at an event in Jalingo, Taraba State, Shettima contrasted Dangote’s investment in Nigeria with the staggering returns he could have earned by channeling the same funds into global tech giants.
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“If he had invested the $19 billion used to establish the Dangote Refinery in companies like Microsoft, Amazon, or Google back in 2007/2008, he would be worth $120 billion today,” Shettima stated. “But he chose to invest in his own country instead.”
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The Vice President emphasized that Dangote’s refinery project—a long-term venture initiated over 15 years ago—demonstrates a rare commitment to Nigeria’s industrial growth, even at the expense of personal profit. The facility, Africa’s largest oil refinery, is expected to significantly reduce Nigeria’s reliance on imported fuel and boost the nation’s economy.
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Shettima’s remarks framed Dangote’s decision as a model of sacrifice for national progress, declaring, “Alh. Aliko Dangote, we are mightily proud of you.” The statement has reignited discussions about the role of wealthy individuals in driving domestic development versus pursuing higher returns in global markets.
From $19Bn to $120Bn: VP Shettima Reveals What Dangote Gave Up for Nigeria.
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