Nigeria, Feb. 8 -- Aliko Dangote, the president and CEO of the Dangote Group, stated that the company produces up to 1,540 megawatts for manufacturing across all of its businesses.

Dangote revealed this on Thursday as he was a Special Guest at a fireside conversation with the Prime Minister of Grenada.

Dangote claimed that rather than being dependent on Nigeria's inadequate and unstable power supply, he invested in power generation in order to attain energy independence and sufficiency.

He claimed that just as he was getting ready to move from trade only to production, business experts gave him advice on the choice.

"The second issue has to do with electricity. And the only way we could think of to address this was to decide that all ...