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21/07/2026
20/07/2026

FACT CHECK: Did Dangote Spend Over $600 Million on 5,000 Trucks? 🤔

A viral video claims that Dangote Industries spent over $600 million buying 5,000 trucks.
Here's what has been publicly reported: ✅ Dangote Refinery announced the purchase of 4,000 CNG-powered trucks, not 5,000. ✅ The reported investment was about ₦720 billion (around US$470 million at the exchange rate used then), not over US$600 million. ✅ While the company may expand its fleet in the future, there is no verified public evidence that it has already spent over US$600 million on 5,000 trucks.

Takeaway: Always verify viral claims before sharing them. A small change in the numbers can completely change the story.

What do you think about Dangote's investment in Nigeria's transport and energy sector? Share your thoughts in the comments.

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