Nigeria : Africa's Richest Man Will Fix Nigeria's Chronic Fuel Crisis

Clyde C Coger Jr

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Africa's Richest Man Will Fix Nigeria's Chronic Fuel Crisis


Dangote, who has made most of his money through his African cement business, is building a 650,000 barrel-per-day oil refinery and petrochemical plant in the commercial capital, Lagos, scheduled for completion by early 2018. The facility, with capacity to produce 55.2 million liters of gasoline daily, will produce other fuels as well as fertilizer and polymers, according to Devakumar Edwin, chief executive officer of the Dangote Group ...


488x-1.jpg

Aliko Dangote
Photographer: Tom Saater/Bloomberg



http://www.bloomberg.com/news/artic...-nigeria-s-fuel-needs-as-state-refineries-age

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Cars jam a gasoline station waiting for fuel in Lagos, Nigeria.
Source: AFP via Getty Images



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I find it hard to believe that a country with such oil reserves has a fuel shortage





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