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LAGOS. — The Dangote Group will invest about US$3,5 billion in the fertiliser and petrochemical refinery complex to be located at the Olokola Liquefied Natural Gas (OKLNG) Free Trade Zone. This is part of the US$9 billion that will be invested in the facility, with the rest of the funds coming from a consortium of local and foreign banks.

“We are not resting on our laurels as we seek to make possible what could be the single largest contribution to this government’s economic transformation agenda, with our investment of US$9 billion in the largest refinery/petrochemical/fertiliser complex in Africa,” Aliko Dangote, the company’s founder said.

He said because of the vastly improved investor-friendly environment in Nigeria, there had been a tremendous response by reputable international finance organisations to participate in the project. — CAJ News.