Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,264 members, 7,811,745 topics. Date: Sunday, 28 April 2024 at 06:42 PM

US Boosts Dangote Refinery With $997m - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / US Boosts Dangote Refinery With $997m (20055 Views)

Dangote Refinery: Africa’s Biggest Refinery Takes Shape / Otedola, El-Rufai In Tanzania As Dangote Launches Cement Plant (Photos) / Dangote meets Mugabe on investment approval (PHOtO) (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

US Boosts Dangote Refinery With $997m by Nobody: 8:23am On Jul 31, 2015
The United States Trade and Development Agency (USTDA) yesterday in Lagos announced a grant of $997.4 million dollars as training support for the proposed refinery by the Dangote Group.

The grant was announced at the signing of a Memorandum 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.

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.

Aliko Dangote, the Chairman, Dangote Group, lauded USTDA for its assistance toward the takeoff of the refinery.

dangote-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 bpd capacity refinery,” Dangote said.

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.

The grant is expected to fund the training of more than 100 staff on the use of UOP technology licensing and engineering services.



http://businessdayonline.com/2015/07/proposed-dangote-refinery-gets-997m-us-trade-agency-grant/#.Vbsuc_lViko

7 Likes 2 Shares

Re: US Boosts Dangote Refinery With $997m by INTROVERT(f): 8:24am On Jul 31, 2015
grin

1 Like

Re: US Boosts Dangote Refinery With $997m by Ucheosefoh(m): 8:31am On Jul 31, 2015
Great news more of it we are tired of bad news all the time make we hear goodnews for onceshocked

6 Likes

Re: US Boosts Dangote Refinery With $997m by ApcSucks: 8:33am On Jul 31, 2015
A pure and gifted business man

13 Likes

Re: US Boosts Dangote Refinery With $997m by Niwdog(m): 8:33am On Jul 31, 2015
cheesy

Niwdog
Re: US Boosts Dangote Refinery With $997m by Godfullsam(m): 8:40am On Jul 31, 2015
Good development .
Re: US Boosts Dangote Refinery With $997m by Godfullsam(m): 8:42am On Jul 31, 2015
Good development .

I want to be among the trainee and a pioneer staff of the proposed refinery.

So help me GOD.

9 Likes

Re: US Boosts Dangote Refinery With $997m by Nobody: 8:44am On Jul 31, 2015
Dangote owns the economy very soon the currency will be named after him

31 Likes 2 Shares

Re: US Boosts Dangote Refinery With $997m by Adesiji77: 8:45am On Jul 31, 2015
Nice...at least, one cheering news smiley

Cc: lalasticlala

1 Like

Re: US Boosts Dangote Refinery With $997m by naijainfogalery: 8:58am On Jul 31, 2015
USA doesnt invest where there is no jollyment. In the Next 5 years i see Dangote as the top 10 richest guy in the world. He hasnt even entered into Oil Business fully yet and he is already top 30, if he now enters this business fully with the introduction of his refinery o boy, if only he can just dash me 0.0001% of his money,

24 Likes

Re: US Boosts Dangote Refinery With $997m by ApcSucks: 9:09am On Jul 31, 2015
Re: US Boosts Dangote Refinery With $997m by Adesiji77: 9:09am On Jul 31, 2015
Re: US Boosts Dangote Refinery With $997m by Bonapart(m): 9:16am On Jul 31, 2015
Us are like devil, they don't give without taking back with double hands

5 Likes

Re: US Boosts Dangote Refinery With $997m by AutoCarTracker(m): 9:16am On Jul 31, 2015
Woo, good idea. But US always have oil interest at heart

1 Like

Re: US Boosts Dangote Refinery With $997m by aaamos(m): 9:17am On Jul 31, 2015
w
Re: US Boosts Dangote Refinery With $997m by butanepro(m): 9:17am On Jul 31, 2015
Dividends
Re: US Boosts Dangote Refinery With $997m by willian10: 9:17am On Jul 31, 2015
Good
Re: US Boosts Dangote Refinery With $997m by idongesit88: 9:17am On Jul 31, 2015
Dangote is going richer day after day

1 Like

Re: US Boosts Dangote Refinery With $997m by ammyluv2002(f): 9:17am On Jul 31, 2015
Nice one!
Re: US Boosts Dangote Refinery With $997m by mrvitalis(m): 9:17am On Jul 31, 2015
What's there cut? Cos I know America can't give u anything for free

2 Likes

Re: US Boosts Dangote Refinery With $997m by natas22: 9:17am On Jul 31, 2015
Re: US Boosts Dangote Refinery With $997m by Nobody: 9:17am On Jul 31, 2015
Whoever dines with the devil should have a long spoon...America is a notorious chameleon. Dangote, beware of neocolonialism.

1 Like

Re: US Boosts Dangote Refinery With $997m by qualityovenbake(m): 9:17am On Jul 31, 2015
Nothing is free from the US. They stands to benefit a lot from this arrangement.
Re: US Boosts Dangote Refinery With $997m by sammyj: 9:18am On Jul 31, 2015
cheesy

1 Like

Re: US Boosts Dangote Refinery With $997m by alexbch(m): 9:18am On Jul 31, 2015
More employment for nigerians....this is a welcome development

2 Likes

Re: US Boosts Dangote Refinery With $997m by Afrocatalyst: 9:18am On Jul 31, 2015
Whoa. The rich keep getting richer as long as they worked for it. Nice.
Re: US Boosts Dangote Refinery With $997m by Ajikpako: 9:18am On Jul 31, 2015
Iz alrite
Re: US Boosts Dangote Refinery With $997m by kennyman2000(m): 9:18am On Jul 31, 2015
The rich will continue to get richer.. lord, give me the zeal and resources to embark on my dreams and become a success.

Also, give my beloved nairalanders whats needed of everyone to actualise their dreams, as i believe, with the overwhelming posts of most of them.

If you give them, whats expected for their dreams to materalise.. They'll be more than dangote.


Amen.


Check my signature for ur customised wristbands.

9 Likes

Re: US Boosts Dangote Refinery With $997m by adioolayi(m): 9:19am On Jul 31, 2015
Good news?..Yea...One thing I'm sure of, U.S will not invest in an unsafe economy especially one with blurred vision...PMB visit to U.S...take or leave it, is yielding results. They trust us more now..they believe investments will thrive.
God bless Dangote group
God bless President Buhari
God bless Nigeria

7 Likes

Re: US Boosts Dangote Refinery With $997m by Horlawale1(m): 9:20am On Jul 31, 2015
Us with their evil way of rendering assistance. For those that understand wat am saying.

(1) (2) (3) (Reply)

Invest in Peninsula Homes with just 700k to get a plot. / N1.04tn Fine: MTN Apologises, Seeks Leniency / Investments In Lekki Free Trade Zone Hits N4.55 Trillion

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 18
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.