Chairman, Dangote Group, Alhaji Aliko Dangote has announced plans to invest about N500 billion, an equivalent of $2.5 billion in the construction of two sub-sea 550-kilometer gas pipelines in Nigeria. The project, according to a report by Bloomberg yesterday, will boost Nigeria’s gas output by three trillion cubic feet per day. Dangote disclosed that the laying of the pipes is expected to begin before the end of the year, adding that the first pipeline should be ready by the middle of 2017.
According to Dangote, the gas pipeline project which will run from the oil producing regions of the Niger Delta to Lagos State, is expected to be co-financed by the International Finance Corporation, IFC, and global private equity firms — Carlyle Group LP and Blackstone Group LP. Dangote stated that the pipeline project will increase the amount of gas available in Nigeria to four billion standard cubic feet per day from one billion cubic feet.
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http://www.vanguardngr.com/2015/04/dangote-to-invest-n500bn-in-two-550km-gas-pipeline/

Cc puskin

that is good

Cool.
Cc: Lalasticlala

gig
just wanna occupy this land

Valar Morghulis

Oshey


Borrowed money!

Seems its time for Dangote to enter oil & gas.

If this won't be another way to dupe the populace,
gas would be a welcome change, a better option than this scam KEROCORRECT

K K

olaxco2f:
Oshey


Borrowed money!

That's how major business works.

Don't worry mr danny we are waiting for the list of bank debtors

F

nice1

with all this information we are getting, only d smart ppl will invest in their futures now. If you're an engineering graduate, rather than cry about the "2yrs minimum requirement" that most employers seek, try learning from industry experts. You can run short term cources and get a diploma (e.g PLC, scada, dcs trainings for operators with chemical engineering and instrument engineering background s respectively). Learn more about the process plants being constructed and perhaps chemicals they require for daily running of the plants, with a view to supply those chemicals.

Nigeria is filled with so much potential, only the strong willed and prepared people that tap into our national treasure.... In all things, know that there's no "silver bullet" to success.....

Nice one

good job dangote. thanks for d help

thumbs up dangote

really?

NaLaugh:


That's how major business works.

As usual the gas will run from Niger Delta state and stationed in Lagos. See economics. Tomorrow people will vandalize the pipes. In Nigeria no site of peace.

why taking d project to Lagos why don't u build every thing close to d source of raw material.

Correct guy

and then at the end of the year there'll be no word from Him on the project.

but when I downloaded the update from xposed repository and tried updating it didn't work

modified

chei.. wrong thread

It's my birthday pls show some love...

wt d LIKE BUTTON

And there's nothing Dokubo or ND can do about it.

zomoears:
Chairman, Dangote Group, Alhaji Aliko Dangote has announced plans to invest about N500 billion, an equivalent of $2.5 billion in the construction of two sub-sea 550-kilometer gas pipelines in Nigeria. The project, according to a report by Bloomberg yesterday, will boost Nigeria’s gas output by three trillion cubic feet per day. Dangote disclosed that the laying of the pipes is expected to begin before the end of the year, adding that the first pipeline should be ready by the middle of 2017.
According to Dangote, the gas pipeline project which will run from the oil producing regions of the Niger Delta to Lagos State, is expected to be co-financed by the International Finance Corporation, IFC, and global private equity firms — Carlyle Group LP and Blackstone Group LP. Dangote stated that the pipeline project will increase the amount of gas available in Nigeria to four billion standard cubic feet per day from one billion cubic feet.
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http://www.vanguardngr.com/2015/04/dangote-to-invest-n500bn-in-two-550km-gas-pipeline/

Cc puskin

Is it three million or three billion?

Dangote the smart man. Am sure by d time d pipe has been constructed he will see his time 2 of his money back. am smelling politics

Rubbbish....when we are talking about diversifying the economy all what the Olodo-Elect of The Federal Republic and his kinsmen dream about is oil oil oil oil
Why not invest in groundnut and cocoa in your region and that of your ally.
Una don come again

Kudos to Dangote and his partners.

This is some thousands of jobs created yet again by this project.

We need more Nigerians to invest in gas business in Nigeria.