Dangote discloses plans to establish power plants in Kano, Abuja

Alhaji Aliko Dan­gote, Chairman,  Dangote Group, has disclosed the plan to establish power plants in Kano and Abuja as part of a policy to develop power in­frastructure in Nigeria. He made this disclosure at the 38th Convocation lecture of the Ahmadu Bello Univer­sity, Zaria, on Friday.

[pro_ad_display_adzone id=”60438″]

Dangote said the project was part of the company’s $5billion joint venture agree­ment with Black Rhino Group, a subsidiary of the Black Stone Group to de­velop a power infrastructure in Africa.

This, he said, would go a long way to boost power gen­eration in the country.

“We are also furthering a new ground by investing in two 554Km, 3 billion square cubic meter feet gas offshore pipeline project, the first indigenous owned undersea gas pipeli­nethat will supply gas to in­dustries and power plants and it would be run from Bonny through Gas fields,’’ he said.

In order to make Nigeria self sufficient in Sugar produc­tion, Dangote said plans were underway to cultivate over 260, 000 hectares of sugar plantation to produced 20 million metric tons of cane and 2 million metric tons of sugar.

This is in addition to U$$1billion dollars also earmarked for commercial production of rice paddy.

He further stressed the devel­opment of entrepreneurial capacity for sustainable eco­nomic growth.

According to him, the best approach to tackle the socio-economic problems confronting Nige­ria is to strengthen the small and medium entrepreneur­ship as well as eliminating the problem of power supply, lack of access to finance and a good regulatory environ­ment.

Dangote assured the university of his support for research and facility devel­opment. The Emir of Kano, Alhaji Muhammadu Sanusi 11, who was the chairman on the Occasion, commended the effort of Dangote Group to transform the Nigerian economy.


Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.