President of Dangote Industries Limited, Aliko Dangote, has revealed that he acquired his first private jet at the age of 22 and a half.

Dangote made the disclosure on Monday at the Nigerian Exchange in Lagos during the formal launch of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals.

Reflecting on his decades-long business journey, the billionaire industrialist said he had enjoyed his career but had become more focused on channeling wealth into productive investments.

“My career as a businessman, I really had a great time. I was telling somebody that right now I don’t mind, I can take commercial, I can take anything. I had my first private jet at 22 and a half years old,” he said.

Dangote also urged wealthy Nigerians who own expensive private aircraft to consider investing more of their resources in productive ventures capable of creating jobs, expanding industries and contributing to economic growth.

He stressed that Nigeria could not realise its full economic potential without greater investment in production and other productive activities.

“I try as much as I can to encourage people who are riding $900 million aircraft to please go and put that into production. We are not going to be a great nation without doing something productive,” Dangote said.