Bright spark
A Very Bright Future…
Through Dangote Equity Energy Resources (DEER), the Group has a 9 percent share Block 1 in Joint Development Zone (JDZ) of Nigeria Sao-Tome, alongside Chevron Texaco as operator with 51 percent and Exxon Mobil with 40 percent. Dangote also has 10 percent share of Block III in the JDZ, as well as 6 percent share of Block 315 in Nigeria, along Statoil and Petrobas. The feasibility study for the construction of a petroleum refinery in Lekki Free-Zone has been completed. Dangote Oil and Refinery Company is set to complete its 300,000 bpd refinery within the next four years.
Recently the Group acquired the Osogbo Steel Rolling Company (OSRC) for the production of flat sheets.
Dangote Group is fully involved in Corporate Social Responsibility (CSR) activities, thereby necessitating the setting up of Dangote Foundation which oversees implementation of this objective.
The journey so far has been full of challenges. Nonetheless, with courage and determination Dangote Group is moving on and has resolved to press on to improve the quality of lives of Nigerians by providing their basic needs. The Group is committed to complementing the governments’ initiative to making the economy, private sector driven. Nigeria is a land of abundant opportunities. Any organization with focus and strong-will, will find rewarding returns for its investment. Dangote Group is today a testimony of successful and rewarding private entrepreneurship.
