Dangote expects 90,000 jobs in Lagos and $65bn of investment in Africa
By the AFREEQUE newsroom, based on Daily Trust
The Dangote group expects more than 90,000 people to be working at its refinery, fertiliser and petrochemicals sites in Lagos next year. Its investment programme could reach $65 billion over four years, according to Aliko Dangote, as quoted by Daily Trust.
Aliko Dangote, president and chief executive of Dangote Industries Limited, expects more than 90,000 people to be working next year at the group’s refinery, petrochemicals and fertiliser site in Lagos, he said in an interview. He also announced the creation of 20 fertiliser blending plants across the continent, as part of an investment programme that could reach $65 billion over four years.
The refinery expansion is to add 700,000 barrels per day of processing capacity, bringing the planned total to about 1.4 million barrels per day. The group also aims for a capacity of nine million tonnes of urea, as well as 1.2 million tonnes of diammonium phosphate (DAP) and one million tonnes of NPK blending capacity in Lagos. Mr Dangote said the group plans to produce potash and phosphate in Congo-Brazzaville “very soon”.
