News reaching us, as Work would commence later in the year on the already planed 400,000 barrels
per day on refinery which is expected to cost $4.25 bn, to be located
in Ondo State, Dangote said in an interview after the Annual General
Meeting of Dangote Cement in Abuja. Dangote group would provide half of
the money while the rest would be sourced from two foreign banks and
Nigerian banks........
We ARE to start something by ending of this year. We
have put down 50% of the money. We have already secured $4.25bn
from two foreign banks and the rest from local banks, in nigeria, says dangote.
Dangote is worth over $16 billion in net assets, according to Forbes Magazine, making him the richest on the continent, of africa.
He
said while his investing in Nigeria is an ongoing business, he hopes to make it to over $20 billion in the next three years. His investment
outside Nigeria is in excess of $5 bn.
talking on security
threat to businesses, Dangote said his business was not significantly
affected. He said while the government is doing a lot in terms of
tackling the security situation, people should support the government to
make sure, they do what is right instead of confusing them and making
noise all over the place.
In the north east and also parts of
north west, we would be creating about 120,000 jobs, which has never
happened in the history of Nigeria. wow
This is what we intend to do in sugar alone. We thank government for bringing up this new sugar policy. dangote said
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