HALLELUJAH!!! I Will Personally END Importation Of Fuel In Nigeria - Dangote

Published 6 years ago by: franel
[1] 2 3
at 06:33 PM, 24/05/2013 (6 years ago)

(9960 | Hero) (m)

«§» 24 May 2013

Africa’s richest man and President of Dangote Group Alhaji Aliko Dangote yesterday promised to end fuel importation in Nigeria in four years when his proposed refinery comes on stream.



Work would commence later in the year on the proposed 400,000 barrels per day refinery which is expected to cost $4.25 billion, 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 hope to start something by end of the year. We have put down 50 percent of the money. We have secured $4.25 billion from two foreign banks and the rest from local banks,” Dangote said.

Dangote is worth over $16 billion in net assets, according to Forbes Magazine, making him the richest on the continent.

He said while his investing in Nigeria is an ongoing business, he hopes to top it to over $20 billion in the next three years. His investment outside Nigeria is in excess of $5 billion.

Speaking 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.

This is what we intend to do in sugar alone. We thank government for bringing up this new sugar policy,” he said.

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yinkaolu_1 at 06:42 PM, 24/05/2013 (6 years ago)
(2717 | Gistmaniac) (m)

Hopefully..we pray
Reply
udenzeu at 07:39 PM, 24/05/2013 (6 years ago)
(1098 | Gistmaniac) (m)

Not yet uhuru! God is the owner of life!
Reply
wilat at 10:17 PM, 24/05/2013 (6 years ago)
(3014 | Gistmaniac) (f)

 Huh? Huh? Huh? Huh? Huh? Huh? Huh?

Reply
Shegzan at 10:18 PM, 24/05/2013 (6 years ago)
(6771 | Gistmaniac) (m)

Do as u please!

Reply
SugarBB at 10:23 PM, 24/05/2013 (6 years ago)
(1136 | Gistmaniac) (f)

The looting continues>>>>>>>

Reply
SugarBB at 10:26 PM, 24/05/2013 (6 years ago)
(1136 | Gistmaniac) (f)

The refinery should be located in one of the oil producing states.

Reply
GreatDan at 10:44 PM, 24/05/2013 (6 years ago)
(112 | Upcoming) (m)

I'm not from south west but a true Nigerian. Have u make ur findings if Ondo is not an oil producing state?
Search wide pls!!!
Reply
arsenal123 at 10:55 PM, 24/05/2013 (6 years ago)
(6328 | Gistmaniac) (m)

 : Cheesy Cheesy Cheesy Grin Grin Grin
Reply
Homiesmart at 10:59 PM, 24/05/2013 (6 years ago)
(20 | Newbie) (m)

Xo shall it be sa
Reply
Unogoknow at 11:04 PM, 24/05/2013 (6 years ago)
(110 | Upcoming) (m)

so what are u waiting 4? Do it idiot
Reply
Solidstonez at 11:07 PM, 24/05/2013 (6 years ago)
(37017 | Addicted Hero) (f)

Glory be to God

Reply
ZION7ZION at 11:16 PM, 24/05/2013 (6 years ago)
(1949 | Gistmaniac) (m)

Quote from: SugarBB on 10:26 PM, 24/05/2013
The refinery should be located in one of the oil producing states.
so that you and your militant brothers will kidnap their workers and demand ransome abi? Angry Angry Angry
Reply
toibeli at 11:20 PM, 24/05/2013 (6 years ago)
(4386 | Gistmaniac) (m)

Good, as long as poor people can handle the price.
Reply
deboalabi262 at 11:22 PM, 24/05/2013 (6 years ago)
(13156 | Hero) (m)

 Cool Cool Cool

Reply
ILOVEIT at 11:23 PM, 24/05/2013 (6 years ago)
(12630 | Hero) (m)

Not cocky but confidence!

Reply
Jaylen at 11:38 PM, 24/05/2013 (6 years ago)
(991 | Upcoming) (m)

Huh? Huh? Huh? Huh?
Reply
denmal at 11:48 PM, 24/05/2013 (6 years ago)
(3185 | Gistmaniac) (m)

hnmm
Reply
zoe61 at 12:07 AM, 25/05/2013 (6 years ago)
(15197 | Hero) (f)

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes
Reply
morgrawl231 at 12:08 AM, 25/05/2013 (6 years ago)
(10405 | Hero) (m)

WE HOPE SO,,,
Reply
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