Chairman of First HoldCo, Femi Otedola, has disclosed plans to invest $100 million in the Dangote Refinery.
Otedola made the announcement on Wednesday after visiting the refinery alongside senior executives from First HoldCo.
The Dangote Refinery, located in the Lekki Free Zone in Lagos State, is a 650,000 barrel per day petroleum and petrochemical facility owned by the Dangote Group.
The refinery is widely regarded as the world’s largest single train refinery and was established to meet more than Nigeria’s domestic fuel demand while exporting surplus products to other African markets.
The planned investment is expected to further strengthen confidence in the refinery project, which remains one of the largest industrial investments on the African continent.
