25 May 2013

i my self will personaly stop inportation of fuel in nigeria. says dangote

    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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