Dangote has raised a $3.3 billion credit to add to a $9 billion oil refinery and petrochemical complex in Nigeria, Africa's greatest economy and top oil maker. The gathering has contributed $3.5 billion of its own value.
Dangote told a business gathering in Lagos his firm was near marking an arrangement with a Moroccan firm to supply phosphate, without giving points of interest.
He likewise said his arranged oil refinery would have a limit of 650 000 barrels for every day (bpd), up from a starting arrangement of 400 000 bpd.
"We can really assemble... 30 percent less expensive than beforehand," Dangote said, alluding to lower development cost as an aftereffect of shoddy worldwide steel costs.
The refinery and petrochemical complex will go online around 2018, organization authorities have said.
He said Dangote Group was additionally building a gas pipeline underneath the ocean to connection Nigeria's oil-delivering Delta district to West Africa.
The pipeline will have the capacity to transport 1.5 billion standard cubic feet of gas every day, he said, without giving more subtle elements.
Dangote Group, which is dynamic in concrete, oil, sustenance and sugar business, is additionally venturing into cultivating.
Dangote said his firm wanted to create one million tons of rice inside of five years. Nigeria imports every year 2.8 million tons of rice, the larger part of which is carried into the nation, he said.
"Our undertakings are basically import substitution." he said. "We are attempting to act naturally adequate."
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