Business › Re: Dangote To Invest Up To $50 Billion In U.S., Europe By 2025 by Pholuuu(m): 11:49am On Aug 17, 2017 |
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. |
Politics › Re: Igbos Are Not ‘Real’ Jews - Messianic Jews by Pholuuu(m): 1:16pm On Aug 12, 2017 |
Sapiosexuality: Inferiority complex laced everywhere. Africans wake up. The Jews are great because they choose to be great. There is no greatness gene recognised in medical science. I think the people opening threads everywhere to counter the claim have some elements of that complex found in the proponents of the idea. Thank you for that thought provoking comment. |
Travel › Re: Air Peace Begins Flight Operations From Lagos To Akure Tomorrow by Pholuuu(m): 11:16am On Aug 10, 2017 |
uche87: Air Peace, Nigeria’s leading carrier, is to begin flight operations to Akure, the capital of Ondo, Southwest Nigeria tomorrow.
According to the airline, the maiden flight into Akure Airport will take off by 1 pm from the Murtala Muhammed Airport, Ikeja and touch down at Akure Airport at 1:40pm.
A statement issued by the Corporate Communications Manager of the airline, Mr Chris Iwarah, said the airline was collaborating with the Governor Rotimi Akeredolu administration to guarantee easy access to Ondo State by investors, tourists and other categories of air travellers.
The return flight, Iwarah said, would depart Akure Airport at 2:10pm and land at Murtala Muhammed Airport in Lagos at 2:50pm.
The airline stated that the Akure flights would open up a whole new opportunity for Air Peace guests to visit and explore the wealth of tourist attractions in the state as well as expand the access of investors and other categories of air travellers to connect with the state.
Air Peace, which commenced commercial flight operations to a record five destinations in 2014, currently has presence in Lagos, Abuja, Benin, Uyo, Port Harcourt, Calabar, Enugu, Owerri, Sokoto and Accra-Ghana.
Source: https://www.dailytrust.com.ng/news/business/air-peace-hits-akure-tomorrow/209319.html This is a very good development, the service needs to be extended to Akure - Abuja. |
Politics › Re: Osinbajo Commissioning Of 120,000 Metric Tonnes Wacot Ltd Rice Mill In Argungu by Pholuuu(m): 5:09pm On Aug 05, 2017 |
This is the way forward to industrialisation of the economy, i hope other governors will take a cue from this and allow such to lead to backward integration and massive prosperity for the populace. |
Politics › Re: Nigeria Has Not Really Made Progress In The Past Two Years- Sen Ben Bruce by Pholuuu(m): 5:04pm On Aug 05, 2017 |
Nigeria will be stagnated until we stop apportioning blame and start ''doing the right thing'' and people like Ben Bruce who see themselves as leading lights take protege under their wings to mentor. |
Politics › Re: James Ocholi Is Dead (Minister Of Labour, State) by Pholuuu(m): 5:56pm On Mar 06, 2016 |
What a loss. I pray God protects the rest of the family members & aides in the car. |
Education › Re: Some Collections Of Fascinating Photos. by Pholuuu(m): 3:16pm On Mar 06, 2016 |
That boxing match is a jungle thingy. |
Romance › Re: Please Advise: Did I Over React by Pholuuu(m): 7:28pm On Sep 20, 2015 |
The thing about relationship is that there are peculiarities that make what works for one not to work for another in the same circumstance. However i will advise that you look beyond finding a companion because you are 28yrs so to say to finding what will give you joy. Eventhough each person is responsible for his/her own happiness but look beyond your investments in the relationship take a peek into the future and see if marrying this guy will give you joy in the nearest future cause that is all that will matter years down the line . After all said and done, you need to follow your hunches. Good luck |
Autos › Re: Fairly Used Honda Accord For Immediate Sale @ 750k!!! **SOLD** by Pholuuu(m): 8:31pm On Aug 27, 2015 |
Isnt that price 750k too steep? Anyways best of luck!!! |
Business › Re: Business Accounting Software by Pholuuu(m): 7:42pm On Aug 27, 2015 |
Try cloud Quickbooks, with that you wont need any server as individual outlets will be able to connect to the web hosted software. |
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Autos › Re: Clean Peugeot 407 For Sale by Pholuuu(m): 4:49pm On Aug 27, 2015 |
Lovely car... |
Autos › Re: Very Clean Reg 2004 Toyota Corolla (bank Type) For Sale @ 900k Asking!!! by Pholuuu(m): 2:08pm On Aug 27, 2015 |
A well maintained car, is that the lowest price you can go? |
Business › Re: Gas Meter Regulator by Pholuuu(m): 9:47am On Nov 22, 2014 |
What is the price? |
Politics › Re: Jonathan’s Performance Below Average – Obasanjo by Pholuuu(m): 8:03am On Nov 22, 2014 |
I always get a gloomy picture of Nigeria when i see the way a lot of youths on the forum reason. What calls for objectivity is turned to cheap sentiments. While we need to answer questions like; Has this government taken us any way further from where we were 8 years ago?, Are there system/institution being built that will outlast this government?, Is this the best way our national resources could be put to use? Is there equity and fair distribution of wealth? Are we experiencing real leadership( If you know what it means)? Are these crops of so called leaders the best the nation can offer? While we are each other throat, the nation and our future may actually be slipping away from our grip. |
Politics › Re: EFCC Recovers N5bn From Suspected Oil Subsidy Thieves by Pholuuu(m): 7:58pm On Aug 18, 2014 |
Our politicians in general and government in particular need to come clean. If we are serious about building a system that is enduring we cannot keep doing half hearted job of ending corruption. Ghosts dont steal people do, and they should be brought to justice |
European Football (EPL, UEFA, La Liga) › Re: Burnley Vs Chelsea (1 - 3) ON 18th August 2014 by Pholuuu(m): 7:38pm On Aug 18, 2014 |
I expect a good game from the Chelsea today.
KTBFFH!!! |