Tuesday, 2 February 2016

Dangote soon to be Nigeria’s largest forex earners after NNPC – CEO




The President/Chief Executive Officer of the Dangote Group, Alhaji Aliko Dan­gote, has said that the company is focusing on generating foreign exchange earnings over the next five years when all its projects are completed, adding that the Group will soon be the country’s largest forex earners after the Nigerian National Petroleum Corporation (NNPC), .

He said this in a Pre-Convocation lecture of the Ahmadu Bello Univer­sity, Zaria, at the weekend. Dangote listed the 650, 000 barrels per day refinery and a separate 1.2 petrochemical complex that will be completed in 2018 as one of the projects that will generate at least $6bn foreign exchange for the nation.
Dangote Group, he said, is also furthering new ground by investing in two 554Km, three billion square cubic feet (scf) gas offshore pipeline projects. The projects which are the first indigenous owned undersea gas pipeli­nes that will supply gas to in­dustries and power plants, would be run from Bonny through the various gas fields and would generate 12,000MW of power.

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