Tag: Dangote

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has disclosed that the Dangote Refinery will be encouraged to sell foreign exchange earnings to banks at a good rate. Speaking after the 291st Monetary Policy Committee (MPC) meeting in Abuja, Emefiele stated that his team would engage with Alhaji Aliko Dangote, the promoter of the refinery, to ensure that Nigerians benefit from the venture. He noted that the CBN, the Federal Government, and the country had helped Dangote set up the refinery, adding that with local refining, the country would save about 20 per cent of the total cost of importing petroleum products, thereby reducing prices in the long run. Emefiele expressed optimism that the refinery would ease foreign exchange scarcity in Nigeria, adding that by the time ...

Aliko Dangote President Muhammadu Buhari alongside other dignitaries yesterday, predicted an agriculture and economic boom for the country following the coming on stream of the $2.5 billion Dangote Fertiliser Plant in Ibeju-Lekki, Lagos. They spoke during the inauguration of the plant, with an installed capacity of producing three million metric tonnes (mt) of urea yearly. Specifically, President Buhari noted that the plant is already exporting fertiliser to the United States of America (USA), India and Brazil, among other countries and is expected to trigger huge job creation opportunities, wealth, and secure the country’s agricultural future. The plant, situated on 500 hectares of land in the Lekki Free Trade Zone, is reputed as Africa’s largest Granulated Urea Fertilis...

Tag: Dangote

We’ll Tell Dangote to Provide Forex to Nigeria at Good Rates – Emefiele

‘Dangote’s $2.5 billion Fertiliser Plant Services U.S., Brazil, Others’