Wednesday 11 April 2012

AFRICA'S RICHEST MAN INTERVENES IN NIGERIA'S ELECTRICITY PROBLEM.INVESTS 7 BILLION


Current reigning Africa’s richest man, Aliko Dangote has finally decided to intervene in Nigeria's epileptic power situation. He is to lead a $7 billion investment in the nation’s power sector, as well as petrochemical and mining sectors.
Alhaji Dangote, who disclosed his intentions at a function in Lagos on sunday, said that he will be investing in the construction of a 2,000 megawatt power-generation facility to boost electricity supply over the next four years.

We want to do power that will be about 2,000 MW, that is infrastructure,” he said.

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