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US Provides N240bn To Support Dangote's Refinery In Nigeria - Politics - Nairaland

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US Provides N240bn To Support Dangote's Refinery In Nigeria by Richhommie(m): 7:06pm On Jul 30, 2015

The United States Trade and Development Agency (USTDA), on Thursday in Lagos, announced a grant of $997.4 million (about N240 billion) as training support for the proposed refinery by the Dangote Group.
The grant was announced at the signing of a Memoradum of Understanding (MoU) between Dangote Group and the USTDA.
Dangote Group had in May declared that the proposed refinery would begin operation in the first quarter of 2018 with an investment of about $9 billion.
Ms Enoh Ebong, USTDA's Deputy Director, said the agency was pleased to support the Dangote Oil Refining Company's efforts to increase Nigeria's oil refining capacity.
She said it was a "sign of deepening the United States' long history of support for vital infrastructure in Nigeria."
"Since 1981, the USTDA has been operating in Nigeria with primary concerns in the area of oil and energy, and we are glad to continue in that line with what we are doing today," she said.
Mr Aliko Dangote, the Chairman, Dangote Group, lauded USTDA for its assistance towards the take-off of the refinery.
He said the aspect of training and capacity development was vital to the success of the project.
"For such a high-tech project investment, getting the right quality of human capital to run the plant is considered to be possibly the most critical success factor.
"We are, therefore, most grateful for the generous grant from the USTDA to support the training of some of the operators needed to successfully operate the Greenfield 650,000 barrels per day capacity refinery,"Dangote said.
Ms Dehab Ghebreab, the acting Consul General, US Consulate, in her remarks, said the success of the refinery could make Nigeria a haven of 'miraculous' economic growth within the next five years.
She urged the Nigerian government to keep partnering with the private sector for better economic growth.


http://tribuneonlineng.com/us-provides-n240bn-support-dangotes-refinery-nigeria
Re: US Provides N240bn To Support Dangote's Refinery In Nigeria by Nobody: 7:08pm On Jul 30, 2015
undecided
Re: US Provides N240bn To Support Dangote's Refinery In Nigeria by kokoA(m): 7:11pm On Jul 30, 2015
God bless Dangote.

1 Like

Re: US Provides N240bn To Support Dangote's Refinery In Nigeria by deadZONE: 7:14pm On Jul 30, 2015
sad
Re: US Provides N240bn To Support Dangote's Refinery In Nigeria by mrvitalis(m): 7:16pm On Jul 30, 2015
OK the rich getting richer
Re: US Provides N240bn To Support Dangote's Refinery In Nigeria by omonnakoda: 7:19pm On Jul 30, 2015
And Dangote did not follow sneak behind Obama like a biitch Mumuelemu or Dieziani-Allison

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Re: US Provides N240bn To Support Dangote's Refinery In Nigeria by bugzbunny: 7:20pm On Jul 30, 2015
G
Re: US Provides N240bn To Support Dangote's Refinery In Nigeria by Emekamex(m): 7:20pm On Jul 30, 2015
More like buying shares of Dangote Refinery.
Re: US Provides N240bn To Support Dangote's Refinery In Nigeria by Idrismusty97(m): 8:26pm On Jul 30, 2015
Nice! smiley
Re: US Provides N240bn To Support Dangote's Refinery In Nigeria by fulanimafia: 8:28pm On Jul 30, 2015
Dangote has distinguished himself an entrepreneur par excellence, from his modest beginning in Kano.
Re: US Provides N240bn To Support Dangote's Refinery In Nigeria by aresa: 8:42pm On Jul 30, 2015
Dangote o ni baje o...

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