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Africa’s Richest Man, Aliko Dangote Invests $20 billion Into Six Sectors Of Nigeria’s Economy

Africa’s Richest Man, Aliko Dangote, set to invests $20 billion into six sectors of Nigeria’s economy. The sectors are Gas pipeline infrastructure, Power generation, Petrochemical, Fertilizer, Sugar refinery  and Petroleum refinery.

“With the huge gas we are bringing to the shore, we will improve power generation. When we start manufacturing most of these things locally, the problem of unemployment will be solved. This will also curb the social problem and crimes. We are also going through a lot of pains. But we don’t want to look at the negative side, but the positive,” he said.

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He disclosed that the Dangote fertiliser plant will be operational next year, and that the petrochemical plant and refinery, is expected to meet local consumption of petroleum and chemical products in the country.

He noted that the gas pipeline is capable of handling two to three billion standard cubic feet of gas per day.

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Written by PH

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