Africa’s richest man Aliko Dangote says he has no interest in becoming president of the continent’s most populous country, Nigeria.

According to him, he is doing just fine being a businessman and does not want to enter politics.

Speaking to Bloomberg, he said people like him need to help develop Africa through leading its business sectors and not delving into its political spheres.

“I think I am doing a great job where I am right now, so I don’t think I need to be in a political space. Some of us need to lead in terms of the trajectory of developing Africa through the business, not through political leadership.”

Dangote is currently constructing the largest single-train refinery in the world.

The refinery is situated on a 6,180 acres (2,500 hectares) site at the Lekki Free Zone, Lekki, Lagos State.

It will process about 650,000 barrels of crude oil daily, transported via pipelines from oil fields in the Niger Delta, where natural gas will also be sourced to supply the fertilizer factory and be used in the electrical generation for the refinery complex.

The project is expected to cost up to $15 billion in total, with $10 billion invested in the refinery, $2.5 billion in the fertilizer factory, and $2.5 billion in pipeline infrastructure.

He also owns nearly 85% of Dangote Cement, the continent's largest cement producer.