Dangote: There are just two nations in Africa that do not import oil

Dangote - Rapid News GH

Africa is home to 54 nations. More than 20 countries produce oil, and five of those nations are in the top 30 oil-producing nations worldwide. Only two African nations do not import oil, nevertheless.

Africa produced more than 7.9 million barrels per day in 2019, or roughly 9.6% of the world’s total. But oil production in Africa increased to about 10 million barrels per day between 2005 and 2010.

Aliko Dangote, a businessman, said that just two nations on the continent, Algeria and Libya, do not import oil when he spoke on Sunday [June 18, 2023] at the start of the 30th Anniversary of the Afreximbank Annual Meetings in Accra.

When discussing the value of free movement and intra-African commerce, Dangote said: “We are importing poverty and exporting jobs.” Regarding the continued export of raw materials by African nations, he made that statement.

He also voiced concern about how challenging it was to move across the continent. He claimed that even though he possesses an African passport and is eligible to travel abroad for various reasons, there are two nations that do not accept African passports.

Nigeria generates roughly six million tons of urea, thus Dangote claims that Africa shouldn’t be looking to purchase fertilizer from elsewhere in the world.

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