Sayyu Dantata, billionaire cousin of Africa’s Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited.

Dantata is the founder and Chairman of MRS Holdings Company Limited. The group’s operations span several West African countries, including the Benin Republic, Togo, Cameroon, and Côte d’Ivoire.

The 200 million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants.

Dantata stated that the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighboring countries.

The lubricant plant has the capacity to produce 1,700 different products and will play a key role in Nigeria’s economy by boosting youth employment, generating revenue, and reducing the country’s import dependence.

The lubricant plant, located at the Bestaf facility, was inaugurated by Nigeria’s President Muhammadu Buhari on Monday evening, in the presence of Lagos State Governor Babajide Sanwo-Olu and other dignitaries.

Sanwo-Olu described the facility as an integrated first-class factory and highlighted the president’s excitement that the country’s captains of industry had continued to rise above all odds, despite the global pandemic challenge.

The Managing Director of Bestaf Trading Company, Andreas Wielsch, stated that with the lubricant plant, the company would be able to produce about 50 percent of Nigeria’s annual lubricant consumption of about 364 million liters.

He added that the launch of the new facility will drive the production of 200 million liters of lubricant per year, which is more than enough to cover 50 percent of the country’s annual consumption.

The launch of the lubricant plant by Sayyu Dantata is a significant step towards the growth and development of the Nigerian economy and a positive indication of the potential for more such investments in the future.

It is a clear indication that, despite the challenges posed by the global pandemic, Nigerian businessmen and captains of industries are determined to continue investing in and developing the country’s economy.

Flathead8:
Sayyu Dantata, billionaire cousin of Africa’s Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited.

Dantata is the founder and Chairman of MRS Holdings Company Limited. The group’s operations span several West African countries, including the Benin Republic, Togo, Cameroon, and Côte d’Ivoire.

The 200 million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants.

Dantata stated that the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighboring countries.

The lubricant plant has the capacity to produce 1,700 different products and will play a key role in Nigeria’s economy by boosting youth employment, generating revenue, and reducing the country’s import dependence.

The lubricant plant, located at the Bestaf facility, was inaugurated by Nigeria’s President Muhammadu Buhari on Monday evening, in the presence of Lagos State Governor Babajide Sanwo-Olu and other dignitaries.

Sanwo-Olu described the facility as an integrated first-class factory and highlighted the president’s excitement that the country’s captains of industry had continued to rise above all odds, despite the global pandemic challenge.

The Managing Director of Bestaf Trading Company, Andreas Wielsch, stated that with the lubricant plant, the company would be able to produce about 50 percent of Nigeria’s annual lubricant consumption of about 364 million liters.

He added that the launch of the new facility will drive the production of 200 million liters of lubricant per year, which is more than enough to cover 50 percent of the country’s annual consumption.

The launch of the lubricant plant by Sayyu Dantata is a significant step towards the growth and development of the Nigerian economy and a positive indication of the potential for more such investments in the future.

It is a clear indication that, despite the challenges posed by the global pandemic, Nigerian businessmen and captains of industries are determined to continue investing in and developing the country’s economy.

https://pmexpressng.com/billionaire-sayyu-dantata-launches-450m-lubricant-plant-in-lagos/

ahiboilandgas:
ipob crew come and see the silent developers ! Not some 2 by 2 shop traders na we develop Lagos without us Lagos will collapse ! We are moving to biafra

Flathead8:
Sayyu Dantata, billionaire cousin of Africa’s Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited.

Dantata is the founder and Chairman of MRS Holdings Company Limited. The group’s operations span several West African countries, including the Benin Republic, Togo, Cameroon, and Côte d’Ivoire.

The 200 million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants.

Dantata stated that the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighboring countries.

The lubricant plant has the capacity to produce 1,700 different products and will play a key role in Nigeria’s economy by boosting youth employment, generating revenue, and reducing the country’s import dependence.

The lubricant plant, located at the Bestaf facility, was inaugurated by Nigeria’s President Muhammadu Buhari on Monday evening, in the presence of Lagos State Governor Babajide Sanwo-Olu and other dignitaries.

Sanwo-Olu described the facility as an integrated first-class factory and highlighted the president’s excitement that the country’s captains of industry had continued to rise above all odds, despite the global pandemic challenge.

The Managing Director of Bestaf Trading Company, Andreas Wielsch, stated that with the lubricant plant, the company would be able to produce about 50 percent of Nigeria’s annual lubricant consumption of about 364 million liters.

He added that the launch of the new facility will drive the production of 200 million liters of lubricant per year, which is more than enough to cover 50 percent of the country’s annual consumption.

The launch of the lubricant plant by Sayyu Dantata is a significant step towards the growth and development of the Nigerian economy and a positive indication of the potential for more such investments in the future.

It is a clear indication that, despite the challenges posed by the global pandemic, Nigerian businessmen and captains of industries are determined to continue investing in and developing the country’s economy.

https://pmexpressng.com/billionaire-sayyu-dantata-launches-450m-lubricant-plant-in-lagos/

kettykin:
It seems the next age of indigenous industrial growth in Lagos will be powered by Kano billionaires.
This is a far departure from what was obtainable in the past with Abiola,Doyin , Eleganza etc pioneers of manufacturing in Ikeja, it will be fun to watch the changing demographics

Iamgrey5:
Most of those people you mentioned actually invested and built factories in Ibadan not ikeja

DMerciful:
The more Lagos industrialize, the more Yoruba lose Lagos. You guys nor know whats going on. Very soon you wont be able to build a house irrespective whether you're an indigene or not

kettykin:


I know eleganza in Ikeja, I know big landed property owner by Abiola near airport, the only of such owned by a private individual . I am seeing some demographic changes , the Ogun and kwara guys are gradually being replaced by Kano boys. I could be wrong but just some observations

DMerciful:
The more Lagos industrialize, the more Yoruba lose Lagos. You guys nor know whats going on. Very soon you wont be able to build a house irrespective whether you're an indigene or not

Iamgrey5:
This is a clanish mentality.

Investors create wealth for the local economy and improves the livelihood of the locals when carefully harnessed.

Dubai continues to attract investment from all around the world, so does Singapore and many others.

It's the same thing Lagos is doing.

Flathead8:
You got it wrong, actually the Ibo's are the biggest losers in this scenario.. sooner or later, Nigeria will separate, it won't continue like this forever.. all what Ibo have worked for in different region will be abandoned

Iamgrey5:
Most of those people have factories in Ibadan too e.g Expand global ventures that makes a good deal of the detergent you use in Lagos.

There's a huge difference between Estate development and industrial development.

Yet, a good number of them have factories in Lagos/Ogun state industrial block.

DMerciful:
Can you stay in Banana Island? Now imagine land becomes so expensive that you as an indigene cannot afford it, you'll go to your village. There are indigene now that have zero say in Lagos and it'd continue to widen

kettykin:
It seems the next age of indigenous industrial growth in Lagos will be powered by Kano billionaires.
This is a far departure from what was obtainable in the past with Abiola,Doyin , Eleganza etc pioneers of manufacturing in Ikeja, it will be fun to watch the changing demographics

Iamgrey5:
Banana island is an artificial island, hence the cost of land in the Area.

There are many places indigenous people stay around Eti osa and Ibeju lekki which is their original villages.

Iamgrey5:
Most of those people you mentioned actually invested and built factories in Ibadan not ikeja

skj1377:
Nothing like that Oga. It's pure political patronage enabled business. Cheap dollars are made available to the Fulani business man as well as other federal assistance. Just wait till Peter obi does 8 good Years as president of Nigeria almost every other Ibo business man will have 2 refineries in all states Of The federation. Have you ever seen a Fulani or Hausa man do serious business? It's always selling currency, food or petrol etc. They don't know calculation that is why

DMerciful:
The more Lagos industrialize, the more Yoruba lose Lagos. You guys nor know whats going on. Very soon you wont be able to build a house irrespective whether you're an indigene or not

QuotaSystem:
You would wonder why Asari Dokubo, Tompolo and the remaining “awa oyel” gang didn’t invest their billions in similar ventures since the raw material is in their backyard and they’re already bunkering it….instead preferring violence, pipeline security and building universities in Benin Republic.