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Dangote signs multibillion dollar deal with banks to build oil refinery in Nigeria


Africa's wealthiest man, Aliko Dangote, has signed a multi-billion dollar deal with banks to finance the building of an oil refinery in Nigeria. 

The refinery would be the largest in Africa, turning Nigeria into a petroleum exporter, he told the BBC. 

Nigeria is Africa's biggest oil producer but lacks refining capacity and has to import most of its fuel.

The West African state is often hit by fuel shortages, and conflict over control of its oil wealth. 

Mr Dangote told the BBC's Chris Ewokor that job creation is the most important thing.
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16 comments

  1. may God bless dis idea and grant him d power to actualize it.

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  2. Other rich men should learn how to invest in their father‘s land instead of moving money 2 abroad. May God give u opportunity to achieve this aim.

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  3. This man's wealth will neva run dry . May God increase him in hundred folds . His generation yet unborn will know no lack for allowing God to use him to put food on the table of many Nigerians , he is not after heaping money in foreign banks but using his wealth to better the lots of many Nigerians .

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  4. This man's wealth will neva run dry . May God increase him in hundred folds . His generation yet unborn will know no lack for allowing God to use him to put food on the table of many Nigerians , he is not after heaping money in foreign banks but using his wealth to better the lots of many Nigerians .

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  5. Dangote is a blessing to nigeria n africa,bt also remember to be checkmating ur idian directors to be paying workers their wages/salarie.

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  6. Hope he completes this project soon and even build more refineries.

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  7. Where are other rich nigerians? What are your plans? I suggest you borrow a leaf from Dangote, not just bribing faruk lawan's comittee.

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  8. May Almighty God helps u Dangote

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  9. Make he do am ....No be talk talk for mouth

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  10. OK success to the project.

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  11. OK success to the project.

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  12. OK success to the project.

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  13. Dangote,pls contest for presidency,but pls don't contest thru any party,we will vote you. At least greater percentage of your wealth is in Nigeria. That's patriotism.

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  14. Ordinary talk, this is not the first time we have heard of this. Time shall tell.

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  15. Nigeria serves as a hub for oil and gas exploration, production and services in the West African Gulf of Guinea region.See More

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