National
Otedola moves to invest $100m in Dangote refinery
The Chairman of First HoldCo, Femi Otedola, has disclosed plans to invest $100 million in the Dangote refinery.
Otedola made this known on Wednesday after he visited the refinery with senior executives from First HoldCo.
The Dangote Refinery is a 650,000-barrel-per-day petroleum and petrochemical facility located in the Lekki Free Zone in Lagos, Nigeria.
The world’s largest single-train refinery, owned by by the Dangote Group, is built to supply over 100% of Nigeria’s fuel demands and export surplus to the broader African market.
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