Africa’s richest man and Nigerian business mogul, Alhaji Aliko Dangote is the only Nigerian to make the 75 Most Powerful People in 2018, as Forbes releases its World Most Powerful People list.
He appears on 66th position coming a spot ahead of Vice President of the United States of America, Mike Pence who appears to be on number 67 on the list.
Factors considered when placing people on the World’s Most Powerful People list are: how many people over whom they have power; the financial resources they control; if they have influence in more than one sphere; and how actively they wield their power to change the world.
Dangote, who made his fortune in the cement industry, is turning his attention to dairy and sugar farming; he has earmarked $800 million to buy 50,000 cattle in the hope of producing 500 million liters of milk annually by 2019.
He is also racing to finish a 650,000-barrel-a-day oil refinery near Lagos, set to be one of the world’s biggest, and says he intends to spend as much as $50 billion in the next decade on renewable energy and petrochemical refineries, including investments in the U.S. and Europe.
Below is the full list: