Nigeria: AfDB funds Dangote refinery scheme


Issue 280 - 28 Jun 2014 | 1 minute read

Business magnate Aliko Dangote’s ambitious plan for an oil refinery and fertiliser manufacturing plant has won $300m of loan funding from the African Development Bank. The board approved a loan on 13 June to Dangote Industries Limited for the construction and operation of the scheme, to be built in the Olokola free trade zone.

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