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.

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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.

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