Africa’s richest man and president of the Dangote Group, Aliko Dangote has said Nigeria’s current fuel importation will end by 2016 with the coming on stream of the proposed Dangote petrochemical project.
Dangote group is billed to build Africa’s
largest refinery, petro-chemicals and fertilizer manufacturing complex in
Nigeria with a loan secured from the consortium of banks that are providing a
$3.3 billion credit facility for the project.
The $9billion project represent 20 per cent of
the nation’s reserve and a huge project meant to market the country as
self-reliant in both petrochemical and petroleum products.
The business mogul stated this after a meeting
with President Goodluck Jonathan, today after the signing of agreement for the
establishment of the petrochemical project at Olokola, in Ondo state.
Briefing state house correspondents after a
closed door meeting with the president after the signing ceremony, Dangote
thanked the government for providing the enabling environment for the private
sector to thrive.
Source: Channels TV
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