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

Dangote...the boss

That would be after buying up the entire Nigeria by 2024

I believe this man jare!!!!

Dangote is soon gonna be the world richest man

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

OK gud am first jare

Okay

wow that is good

Nice one.

God bless Dangote, i will be in in richest soon.

Nice one. Renewable energy is the way forward. But he should not renew Wengers contract o when he finally buffs Arsenal

what a mighty God we serve! 1 man

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 .

oya ambulance pipu do the wawoooooo!!

hmm

If we have three other people in Nigeria doing business on the same scale with Dangote,unemployment will be drastically reduced.

Long life bro, long life first. Pray to any God you believe in for long life.

This is a man who thinks and prepares for the rainy day!
Thumbs up!

And they will gladly welcome him unlike this hostile Nigerian environment.

Truth234:
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

You can doubt the source of his wealth all you want, this man is a visionary entrepreneur.

higgs:
If we have three other people in Nigeria doing business on the same scale with Dangote,unemployment will be drastically reduced.

If unemployment reduces, what will the ancestors use in their political campaigns to deceive the already defeated youths?.

Imagine such persons as the president of Nigeria. Where recession wan enter from?

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.

navyseal2220:
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.

Story for the Gods keep dreaming nigga

guterMann:
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

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.

Fake news. Do you know what $50 billion is?

navyseal2220:
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.

What has Biafra got to offer anybody?

I thought they said rapture is coming this year.. .

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

Pls do u know anyone who has benefited from the Dangote foundation?

Just asking.