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

Discussion in 'Nigeria' started by Clyde C Coger Jr, Jan 14, 2016.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa,



    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 ...


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    Aliko Dangote
    Photographer: Tom Saater/Bloomberg



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

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

    Decades of mismanagement and corruption mean that Africa's biggest oil producer can't refine the fuels it needs to keep the country moving. That may change with a giant new refinery.
    bloomberg.com


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



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  2. LookingForward

    LookingForward Banned MEMBER

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    Blacks looking out for Blacks, love it. Well done Dangote.:toast:
     
  3. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Dangote has been doing just that for quite some time now:


    Kenya : - Kenya says Nigeria's Dangote to build $400 mln cement plant

    In the Spirit of Sankofa, Kenya says Nigeria's Dangote to build $400 mln cement plant NAIROBI (Reuters) - Africa's richest man, Nigerian...
    destee.com

    ...
     
  4. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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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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  5. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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  6. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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  7. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...



    Video: Ethiopian bamboo: The new green gold of Africa?

    Ethiopian bamboo: The new green gold of Africa?03:38

    upload_2016-4-9_14-31-27.jpeg

    (CNN)Money really could grow on trees for a new industry in Ethiopia.

    Two-thirds of the bamboo in Africa is situated in the upwardly-mobile state, and it is hoped that "green gold" can power growth.
    "The farmer who has bamboo is rich, but he doesn't know it," says Adane Berhe, CEO Adal Industrial PLC, which is helping to build the new industry ...


    http://www.cnn.com/2016/04/07/africa/ethiopia-bamboo-mpa/index.html

    Bamboo: The new green gold of Africa?

    Money really could grow on trees for a new industry in Ethiopia.
    cnn.com



    ...

     
  8. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    US seeks to recover $144 million in Nigeria oil industry bribery case

    The Justice Department on Friday filed a civil complaint seeking to recover $144 million in assets obtained through paying bribes to a former Nigerian oil minister
    The complaint said two Nigerian businessmen conspired with others to pay bribes to the minister, who steered lucrative oil contracts to companies owned by them

    ... Alison-Madueke was charged with money laundering in Nigeria, the country's financial crimes agency said in April. She previously denied to Reuters any wrongdoing when questioned about missing public funds and corruption allegations ...

    http://www.cnbc.com/2017/07/14/us-s...ion-in-nigeria-oil-industry-bribery-case.html

    Law

    /html/head/meta[@name=
    cnbc.com


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    Alison-Madueke


    21 Hours Ago

    Reuters


     
    Last edited: Jul 15, 2017
  9. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    US moves to seize $140 mn from Nigerian oil corruption


    Washington (AFP) - US officials said Friday they plan to confiscate $144 million in corruption-tainted assets of Nigerian oil executives found in the United States including an $80 million yacht the "Galactica Star."

    The yacht and a $50 million condominium overlooking New York's famed Central Park were among the riches tied to dirty contracts awarded by Nigeria's former oil minister between 2011 and 2015, the US Justice Department said statement ...

    https://www.yahoo.com/news/us-moves-seize-140-mn-nigerian-oil-corruption-204200978.html

    US moves to seize $140 mn from Nigerian oil corruption

    The yacht and a $50 million condominium overlooking New York's famed Central Park were among the riches tied to dirty contracts awarded by Nigeria's former oil minister between 2011 and 2015, the US Justice Department said statement. "The United...
    yahoo.com


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    AFP Fri, Jul 14 1:42 PM PDT



     
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