Dangote plans n6tn investment nigeria others
You're referring to the recent announcement by Aliko Dangote, the Chairman of the Dangote Group, about his plans to invest N6 trillion in Nigeria and other countries.
According to reports, Dangote plans to invest N6 trillion in the next three to five years, with a significant portion of the investment going towards the expansion of his existing businesses in Nigeria, as well as new ventures in other African countries.
Here are some details about the planned investment:
- Nigeria: Dangote plans to invest N2.5 trillion in Nigeria, with a focus on expanding his cement, sugar, and fertilizer businesses. He also plans to invest in the power sector, with a view to generating 4,000 megawatts of electricity.
- Other African countries: Dangote plans to invest N1.5 trillion in other African countries, including Ghana, Senegal, and the Democratic Republic of Congo. He plans to establish new businesses in these countries, including cement, sugar, and fertilizer plants.
- Refinery and petrochemicals: Dangote plans to invest N1 trillion in the construction of a new refinery and petrochemicals complex in Nigeria. The project is expected to have a refining capacity of 650,000 barrels per day and produce a range of petroleum products, including gasoline, diesel, and jet fuel.
- Fertilizer: Dangote plans to invest N500 billion in the expansion of his fertilizer business, with a view to increasing production capacity to 3 million metric tons per annum.
- Sugar: Dangote plans to invest N200 billion in the expansion of his sugar business, with a view to increasing production capacity to 1.5 million metric tons per annum.
Overall, Dangote's planned investment of N6 trillion is expected to have a significant impact on the Nigerian economy, creating thousands of jobs and stimulating economic growth.