Dangote to Invest Up to $50 Billion in U.S., Europe!

The richest man in Africa and the Chairman of Dangote Group – Aliko Dangote plans to invest up to $50 billion in the U.S. and Europe by 2025.

The 60-year old Nigerian business tycoon said in a Bloomberg interview that he plans to focus on renewable energy and petrochemicals when he moves into these territories in 2020, after completing his $11 billion oil refinery and $5 billion agricultural projects in his home country, Nigeria.

“Beginning in 2020, 60 percent of our future investments will be outside Africa, so we can have a balance,” said Dangote, worth $11.6 billion, according to Bloomberg’s Billionaires Index.

Dangote Group’s major investment will be in the U.S. and Europe, he said. “I think renewables is the way to go forward, and the future. We are looking at petrochemicals but can also invest in other companies.”

Dangote, who has diversified across broad industries in the last five years. Expanded his Dangote Cement Plc, which accounts for about 80 percent of his wealth, into other nine African countries aside Nigeria.

In 2015, the billionaire commenced a 650,000 barrel a day refinery project in Lagos, Nigeria, and presently building the largest sub-sea pipeline infrastructure in the world to handle three billion SCF of gas per day.

Also, Dangote plans to build a 570 MW power plant in his complex and augment natural domestic gas supply.

“Gas from its pipeline will augment the natural domestic gas supply with an additional 12,000MW of power generation added to the grid from its gas system.

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Nigerian Army Intercepts 37 Wives And Children Of Boko Haram Terrorists

The Nigerian army said on Wednesday, that it had intercepted 37 people 37 people , who were suspected to be wives and children of the boko haram terrorists. The army spokesman, Brig.-Gen. Sani Usman, said in a statement that 30 of the escapees, which comprises of eight women and 22 children, were intercepted on Tuesday at Gujba Local Government Area of Yobe. He said; “On preliminary interrogation, the suspects claimed to have escaped from Boko Haram terrorists’ custody at Kafa and Abagajiri villages in Damboa Local Government Area of Borno,’’ The army spokesman added that seven other people were intercepted on Tuesday, at Kamunya, Yobe state. “They claimed that they escaped from Boko Haram terrorists’ hideout at Goropcha village, Damboa Local Government Area of Borno. “Both sets of escapees are currently being screened and profiled,’’ he said.

Photos: What Juliet Ibrahim wore to the #AMVCA2017 nominees announcement

Juliet Ibrahim donned this beyond-alluring asymmetric dress by @afifimmacouture to the 5th Annual AMVCA 2017 Nominees announcement. The outfit which accentuated her famous curves was perfectly matched with her braids in an elegant bun style and her face beat to perfection by @shogemakeovers . More photos after the cut... Credit Makeup @shogemakeovers Dress: @afifimmacouture

Nigerian scholars sponsored by Lagos State Gov. arrive Finland for visit. Photo

A group of Nigerian youngsters sponsored by Lagos State Government and their coordinator, Professor Kolawole Raheem, were Thursday, received by head of unit; Ministry for Foreign Affairs, Mr. Hannu Heinonen, at Finland. The participants, whose trip was funded by Lagos State Ministry of Education, were chosen based on their outstanding performance in school. The visit, however aims at enabling the youngsters have an experience of how the Finnish society works and to offer them the possibility of bringing positive examples back to Nigeria. The participants were especially interested in matters related to environment and construction, as well as the Finnish social security and education systems. These visits that have already become somewhat of a tradition are envisaged to continue in the coming years.

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