First, let me explain the term "Foreign external reserve".
Foreign external reserves are financial assets or foreign currencies held by a country's central bank in a foreign dominated account. Foreign external reserves can also be referred to as foreign currency reserve or foreign exchange reserve.
Dangote is the richest man in Africa for almost a decade, he has been the richest man in Africa for 9 consecutive years.
In Africa 2014, Dangote was worth $25 billion and Forbes listed him as the 30th richest man in the world.
Dangote networth as of May,2020 is $8.3 billion and he his the wealthiest black man alive.
Nigeria external reserves as of June,2020 is $36.3 billion, which makes Dangote networth 23% of the country's external reserve.
Dangote is man of great ambition and vision, he has made it clear that he his hoping to become the richest man in the world.
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