Aliko Dangote Signs $3.3 Billion Deal to Build Africa’s Biggest Oil Refinery
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.
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.
People in Nigeria's oil-producing southern Niger Delta region are among the country's poorest and accuse the government and oil companies of failing to develop the area.
The refinery would be the largest in Africa, turning Nigeria into a petroleum exporter.
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.
People in Nigeria's oil-producing southern Niger Delta region are among the country's poorest and accuse the government and oil companies of failing to develop the area.
Aliko Dangote Signs $3.3 Billion Deal to Build Africa’s Biggest Oil Refinery
Reviewed by Msl
on
12:02
Rating:
Reviewed by Msl
on
12:02
Rating:
No comments: