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Nairaland Forum / Nairaland / General / Business / Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 (11630 Views)
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Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Truth234(m): 10:50am On Aug 17, 2017 |
The richest man in Africa and the Chairman of Dangote Group plans to invest up to $50 billion in the U.S. and Europe by 2025. The 60-year old Nigerian business tycoon said in a Bloomberg interview that he plans to focus on renewable energy and petrochemicals when he moves into these territories in 2020, after completing his $11 billion oil refinery and $5 billion agricultural projects in his home country, Nigeria. “Beginning in 2020, 60 percent of our future investments will be outside Africa, so we can have a balance,” said Dangote, worth $11.6 billion, according to Bloomberg’s Billionaires Index. Dangote Group’s major investment will be in the U.S. and Europe, he said. “I think renewables is the way to go forward, and the future. We are looking at petrochemicals but can also invest in other companies.” Dangote, who has diversified across broad industries in the last five years. Expanded his Dangote Cement Plc, which accounts for about 80 percent of his wealth, into other nine African countries aside Nigeria. In 2015, the billionaire commenced a 650,000 barrel a day refinery project in Lagos, Nigeria, and presently building the largest sub-sea pipeline infrastructure in the world to handle three billion SCF of gas per day. Also, Dangote plans to build a 570 MW power plant in his complex and augment natural domestic gas supply. “Gas from its pipeline will augment the natural domestic gas supply with an additional 12,000MW of power generation added to the grid from its gas system. http://investorsking.com/dangote-invest-50-billion-u-s-europe-2025/ mynd44 8 Likes 2 Shares |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by jobaltol: 11:38am On Aug 17, 2017 |
Dangote...the boss 4 Likes |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Aieboocaar(m): 11:38am On Aug 17, 2017 |
That would be after buying up the entire Nigeria by 2024 I believe this man jare!!!! 15 Likes |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by medolab90(m): 11:38am On Aug 17, 2017 |
Dangote is soon gonna be the world richest man 11 Likes 1 Share |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Nobody: 11:39am On Aug 17, 2017 |
After years of not paying duty on his imported goods in Nigeria,creating unfavorable policies for his competitors(e.g Ibeto Cement) which took his competitors out of business and gave him a monopoly (I am not taking away his hard work,but clearly the government gave him an unfair advantage) Now,one of the owners of Nigeria wants to invest in the west. Investing $50b in the west is a loss to Africa,in terms of employment,infrastructures,foreign exchange reserve etc. Nigeria will never work until her citizens are given level playing ground to compete. THE SUN MUST SET FORTH AT DAWN 46 Likes 6 Shares |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Peteragan(m): 11:39am On Aug 17, 2017 |
OK gud am first jare |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by awa(m): 11:39am On Aug 17, 2017 |
Okay |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by binsanni(m): 11:40am On Aug 17, 2017 |
wow that is good |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by SlayQueenSlayer(m): 11:40am On Aug 17, 2017 |
Nice one. |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by felixthrill(m): 11:41am On Aug 17, 2017 |
God bless Dangote, i will be in in richest soon. 1 Like |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by burqueenx(f): 11:41am On Aug 17, 2017 |
3 Likes
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Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Willgates(m): 11:41am On Aug 17, 2017 |
Nice one. Renewable energy is the way forward. But he should not renew Wengers contract o when he finally buffs Arsenal |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by okoliexpress: 11:41am On Aug 17, 2017 |
what a mighty God we serve! 1 man |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by TAGf(m): 11:41am On Aug 17, 2017 |
Na wah o we only hear of dangote daily , too bad Abeg someone should come partner with me or better still loan me, in my food production business . |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by colossus91(m): 11:42am On Aug 17, 2017 |
oya ambulance pipu do the wawoooooo!! |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by taheer88(m): 11:43am On Aug 17, 2017 |
hmm |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by higgs: 11:43am On Aug 17, 2017 |
If we have three other people in Nigeria doing business on the same scale with Dangote,unemployment will be drastically reduced. |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Ekwekwe1(m): 11:47am On Aug 17, 2017 |
Long life bro, long life first.
Pray to any God you believe in for long life. |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by EncephalonPikin(m): 11:48am On Aug 17, 2017 |
This is a man who thinks and prepares for the rainy day! Thumbs up! |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by eleojo23: 11:49am On Aug 17, 2017 |
And they will gladly welcome him unlike this hostile Nigerian environment. |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Pholuuu(m): 11:49am On Aug 17, 2017 |
Truth234:You can doubt the source of his wealth all you want, this man is a visionary entrepreneur. 3 Likes |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by balanceofterror1(m): 11:49am On Aug 17, 2017 |
higgs: If unemployment reduces, what will the ancestors use in their political campaigns to deceive the already defeated youths?. 10 Likes |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Stevengold(m): 11:53am On Aug 17, 2017 |
Imagine such persons as the president of Nigeria. Where recession wan enter from? 3 Likes |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by navyseal2220: 11:53am On Aug 17, 2017 |
Deceiving Nigerians. As soon as Biafraa is restored, Nigeria dissolved, Dangote will be nobody. His success hinges on One Nigeria connection not hardwork or business acumen. 11 Likes |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by morikee: 11:57am On Aug 17, 2017 |
navyseal2220: Story for the Gods keep dreaming nigga 7 Likes 1 Share |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Truth234(m): 11:59am On Aug 17, 2017 |
guterMann: Well, give it to the man that has built everything from infrastructures to manpower, and be the first in almost all the industries he ventures into. Go and watch world economic forum 2017, he was complaining about power, forex, poor business policy and government bureaucratic structure that prevent private business owners from assessing even basic things. After years of navigating headwinds, I guess he is moving on. At least he has shown a lot of young entrepreneurs it can be done right here. 6 Likes 1 Share |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by anetuno(m): 12:00pm On Aug 17, 2017 |
Fake news. Do you know what $50 billion is? 6 Likes |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Ijaya123: 12:01pm On Aug 17, 2017 |
navyseal2220: What has Biafra got to offer anybody? 3 Likes 1 Share |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by 14teenK: 12:01pm On Aug 17, 2017 |
I thought they said rapture is coming this year.. . |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Nobody: 12:05pm On Aug 17, 2017 |
That is why he's a great entrepreneur.. It's not always about starting small as a business person, it's about starting small and ending big. This can only happen If you have big vision for what lies ahead. If you want to be financially free. If you want to experience true freedom, then entrepreneurship is a path you should take. CHECK MY SIGNATURE. ENTREPRENEURSHIP ROCKS |
Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by sweatlana: 12:07pm On Aug 17, 2017 |
Pls do u know anyone who has benefited from the Dangote foundation? Just asking. 1 Like |
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