Billionaire businessman, Femi Otedola, has hailed the President and Chief Executive of Dangote Group, Aliko Dangote, over his meeting with US President Donald Trump.
Otedola, in a post on X, said, “The richest black man in the world shaking hands with the most powerful man in the world.”
The richest black man in the world shaking hands with the most powerful man in the world @realDonaldTrump @AlikoDangote …F. Ote pic.twitter.com/MuBc9kvizv
— Femi Ote$ (@realFemiOtedola) May 16, 2025
Dangote met with Trump during a state dinner organised by the Amir of Qatar, Sheikh Tamim Bin Hamad Al Thani, in honour of the US president in Doha, Qatar, on Wednesday.
In a 22-second video shared by Dangote Group on X on Thursday, the African billionaire was seen shaking hands with Trump.
According to a March 2025 report by Forbes, Dangote has a net worth of $23.9 billion.
READ ALSO: Tinubu Congratulates Dangote On World Bank Appointment
Trump, according to Forbes, has a net worth of $5.5 billion.
Dangote’s business interests cut across different sectors.
The Dangote Petroleum Refinery and Petrochemicals located in the Lekki Free Zone of Ibeju Lekki, Lagos, is a 650,000 barrels per day (BPD) integrated refinery.
The company on its website said the pipeline infrastructure at the refinery is the largest anywhere in the world, with 1,100 kilometers to handle “three billion standard cubic foot of gas per day”.
The refinery alone has a 435MW power plant.
“The refinery will meet 100 percent of the Nigerian requirement of all refined products and also have a surplus of each of these products for export.
“Dangote Petroleum Refinery is a multi-billion-dollar project that will create a market for $21 billion per annum of Nigerian crude. It is designed to process Nigerian crude with the ability to also process other crudes,” it added.
On May 9, Dangote said there was no rivalry between his organisation and the Nigerian National Petroleum Company Limited (NNPCL).
Speaking during a courtesy visit to the Group Chief Executive Officer of the NNPC Ltd, Bashir Ojulari, at the NNPC Towers in Abuja, he pledged to collaborate with the NNPCL to deepen strategic cooperation aimed at strengthening energy security and driving national prosperity.
READ ALSO: No Competition With NNPCL, Says Dangote
Two weeks ago, Dangote was appointment to the World Bank’s Private Sector Investment Lab, a body tasked with promoting investment and job creation in emerging economies.
While congratulating him on the appointment, President Bola Tinubu described it as apt, giving Dangote’s rich private sector experience, strategic investments, and many employment opportunities created through his Dangote Group.
President Tinubu also described the Dangote Group as one of Africa’s leading conglomerates through innovation and continuous investment.
