If Africa must attract the kind of investment it needs to achieve economic development, Africa’s richest man, Aliko Dangote has a piece of advice for African leaders.

“Everything we are doing here is basically to transform the Nigerian economy. And it is not only to transform, but to also diversify our economy from a single commodity market. We are taking a bold step through this petrochemical project to create values that will help us to achieve this aim,” he said.

He made this known while discussing with some international business leaders and Nigerian business owners from the Lagos Business School at his multi-billion-dollar refinery site in Ibeju-Lekki, Lagos.

Dangote said African leaders must make conscious effort to break down barriers between countries and allow free flow of goods, services and people.

Describing the refinery as the largest single-train petrochemical facility in the world, Dangote stated that it was designed to refine 650,000 barrels of crude oil daily, adding that the facility was designed for Nigerian crude oil, with flexibility to process products from other countries.

In addition, he stated that he is building Africa’s largest urea plant to produce three million tonnes of fertilizer yearly.