"Dangote is a Soaring businessman": Check out the total cost of the refinery

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Godwin Emefiele has announced that Aliko Dangote has repaid 70% of the bank loan used in constructing his 650,000 bpd refinery.

While praising Dangote, he also mentioned that the CBN provided N125 billion in domestic currency loans. 

Emefiele further revealed that Dangote sourced finance for building the refinery from Nigerian and foreign banks.


The total cost of constructing the refinery was estimated at $18.5 billion.

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