Aliko Dangote is preparing a major move into Nigeria’s power sector, with plans to generate 20,000 megawatts of electricity. The proposal could significantly expand his business empire beyond cement, fertiliser, oil refining and other industrial operations.
Dangote said his group is now looking at power generation as part of a wider push to meet Africa’s biggest industrial needs, including energy, fertiliser and key production inputs.
Dangote said his group is now looking at power generation as part of a wider push to meet Africa’s biggest industrial needs, including energy, fertiliser and key production inputs.
The plan comes after the launch of his 650,000-barrel-per-day refinery and the expansion of his fertiliser operations.
The group believes its stronger cash flow and asset base could support another large infrastructure investment.
Credit: Tech In Africa
The group believes its stronger cash flow and asset base could support another large infrastructure investment.
Credit: Tech In Africa
