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April 10, 2012

Dangote To Provide Electricity For Nigerians, Invests $7bn

Current reigning Africa’s richest man, Aliko Dangote has finally decided to intervene in Nigeria's epileptic power situation. He is to lead a $7 billion investment in the nation’s power sector, as well as petrochemical and mining sectors.

Alhaji Dangote, who disclosed his intentions at a function in Lagos on Sunday, said that he will be investing in the construction of a 2,000 megawatt power-generation facility to boost electricity supply over the next four years.

We want to do power that will be about 2,000 MW, that is infrastructure,” he said.

8 comments:

  1. Since una brother Jonathan cannot do it let Dangote take over. He can do it!
    /Danmalik

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  2. This man is making exorbitant profit from Nigerians and that is why he's doing all this. And unfortunately government is giving all the support to continue. How much is a Bag of Cement in Benin Republic?

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  3. Dangote is part of the cabal. Uyi

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  4. No comment until he do it...

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  5. Them don sell d thing 4 secret give the man pinish. Full stop

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  6. No free lunch in "Nigeria".

    Fidelis achu
    calabar

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  7. how much is he worth and how much is he investing on electricity not forgetting he still has other mega investment... c'mon

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  8. Pls choose between having it (but expensive) and not having it. As for me i prefer having it to spending N10,000 on generator+N2000 on PHCN every month akin.

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