00:00As he prepares to launch a $16 billion refinery on the Kenyan coast, Nigerian oil tycoon Aliko
00:06Dangote says he believes Africa will largely supply its own refined fuel needs by 2030.
00:12His company on Wednesday will break ground on the plant which has a plant capacity of
00:16700,000 barrels per day.
00:18He says he sees it as part of efforts to stop the continent exporting raw materials and
00:23start selling finished products.
00:24By 2030, majority of African countries will be self-sufficient.
00:30It does not matter where it is, you know, refined, but it should be in the African continent,
00:40on the soil of Africa.
00:42You know, when you look at it today in Africa, we export almost about five million barrels
00:49per day, but we don't refine anything.
00:52We don't refine much.
00:53So if we don't refine much, why should we remain as a continent supplying what people
01:00need unprocessed?
01:03Dangote dismissed concerns about the refinery, which is being built on Kenya's Indian Ocean
01:08coast and already faces a land rights court case and opposition over its environmental impact.
