Otedola moves to invest $100m in Dangote refinery

The Chairman of First HoldCo, Femi Otedola, has disclosed plans to invest $100 million in the Dangote refinery.

Otedola made this known on Wednesday after he visited the refinery with senior executives from First HoldCo.

The Dangote Refinery is a 650,000-barrel-per-day petroleum and petrochemical facility located in the Lekki Free Zone in Lagos, Nigeria.

The world’s largest single-train refinery, owned by by the Dangote Group, is built to supply over 100% of Nigeria’s fuel demands and export surplus to the broader African market.