October 19, 2026
Otedola-dangote

By Ola Kay

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

The businessman made this known on Wednesday following his visit to the world’s largest single-train refinery with senior executives from First HoldCo.

 

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

 

The refinery by the Dangote Group is conceived and established to supply more than 100% of Nigeria’s fuel demands and export surplus to the broader African market and beyond.

 

-The Pinnacle Quote- 

The most beautiful souls are those who survive the fire and come back with water to help those still struggling within it.

 

 

 

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