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Aliko Dangote, on why he didn't use project financing from the International Banks for the Refinery. He says those international banks would have shut it down. He borrowed $5.5 billion and paid a lot of interest due to delays in the project. They didn't do anything for five years.

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Tuchel

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33,065 görüntüleme • 23 gün önce •via X (Twitter)

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The international banks hate to hear Africa's development.

Benzer Videolar

Aliko Dangote on why he doesn't believe that the West wants Africa to progress in terms of industrialization. He says during the COVID period, some international banks wanted to push him into default of their loans. So that the refinery project would be dead.
1:16

Aliko Dangote on why he doesn't believe that the West wants Africa to progress in terms of industrialization. He says during the COVID period, some international banks wanted to push him into default of their loans. So that the refinery project would be dead.

Tuchel

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Aliko Dangote reveals that the Dangote Refinery IPO is for the people. He says everyone including drivers, and cooks, will have opportunity to have a stake in the refinery. He also says he wants every human being living on this continent to be shareholders. So they can be happy now, in future and forever.
4:42

Aliko Dangote reveals that the Dangote Refinery IPO is for the people. He says everyone including drivers, and cooks, will have opportunity to have a stake in the refinery. He also says he wants every human being living on this continent to be shareholders. So they can be happy now, in future and forever.

Tuchel

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VIDEO: Africa’s richest man, Aliko Dangote, says the planned refinery in Kenya could cost between $15.5 billion and $16 billion, below the initial $17 billion estimate. Dangote attributed the lower projected cost to lessons learned from building the Dangote Refinery in Lagos, saying the Kenyan project could be completed in less than four years. 📽️BBC
1:12

VIDEO: Africa’s richest man, Aliko Dangote, says the planned refinery in Kenya could cost between $15.5 billion and $16 billion, below the initial $17 billion estimate. Dangote attributed the lower projected cost to lessons learned from building the Dangote Refinery in Lagos, saying the Kenyan project could be completed in less than four years. 📽️BBC

Nairametrics

21,056 görüntüleme • 1 ay önce

They say it couldn’t be done, they say he couldn’t do it, that we couldn’t produce PMS in this refinery - The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, replied to critics who doubt that the Dangote refinery will work, and he congratulated Aliko Dangote for delivering the refinery.
2:26

They say it couldn’t be done, they say he couldn’t do it, that we couldn’t produce PMS in this refinery - The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, replied to critics who doubt that the Dangote refinery will work, and he congratulated Aliko Dangote for delivering the refinery.

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Aliko Dangote on his worst day in business. It happened when he was building his first cement plant in Obajana. At the initial stage of the construction, he brought in a contractor to do a soil test. But the contractors gave a false result. He discovered this issue about three months into the probect. Which stopped the entire project. He had to buy more equipments which cost an additional $480m in 2003. And Nigerian banks had capital of $20m so they couldn't lend him the capital. A consortium of Nigerian banks and IFC later gave him a loan of $479m. And when they eventually finished building the factory, it didn't start working. Until after about 18 months.
7:12

Aliko Dangote on his worst day in business. It happened when he was building his first cement plant in Obajana. At the initial stage of the construction, he brought in a contractor to do a soil test. But the contractors gave a false result. He discovered this issue about three months into the probect. Which stopped the entire project. He had to buy more equipments which cost an additional $480m in 2003. And Nigerian banks had capital of $20m so they couldn't lend him the capital. A consortium of Nigerian banks and IFC later gave him a loan of $479m. And when they eventually finished building the factory, it didn't start working. Until after about 18 months.

Tuchel

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Aliko Dangote reveals the interest rate on loans he paid when building Obiajuna Cement Plant He paid 44% interest rate and they have never defaulted on any loan in their 47 years history. They have fought with any bank in court. He also says you can't manufacture goods with diesel. You need power. And he will take the power challenge and make sure he delivers power to Nigerians.
1:40

Aliko Dangote reveals the interest rate on loans he paid when building Obiajuna Cement Plant He paid 44% interest rate and they have never defaulted on any loan in their 47 years history. They have fought with any bank in court. He also says you can't manufacture goods with diesel. You need power. And he will take the power challenge and make sure he delivers power to Nigerians.

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89,916 görüntüleme • 18 gün önce

If the international players for the #Illini don't feel pressure in March, it might be because they didn't grow up watching college basketball. Will Riley says they didn't get the channels in Canada, KJ says he didn't watch college basketball until the last couple years.
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If the international players for the #Illini don't feel pressure in March, it might be because they didn't grow up watching college basketball. Will Riley says they didn't get the channels in Canada, KJ says he didn't watch college basketball until the last couple years.

Glenn Kinley

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Full video of Aliko Dangote Interview. He spoke about: - How EFCC raided his office - How subsidy was removed and was brought back fast. - How he could have bought arsenal but didn't . - How state governments stressed him before finding the lands for Dangote Refinery.
25:59

Full video of Aliko Dangote Interview. He spoke about: - How EFCC raided his office - How subsidy was removed and was brought back fast. - How he could have bought arsenal but didn't . - How state governments stressed him before finding the lands for Dangote Refinery.

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"We didn't hear a lot about Joe Biden. Why? Because he didn't do anything ... Jared Kushner gets $2 billion from the Saudis even though he oversaw Mideast peace. Totally kosher ... [House Republicans] have no credibility." Jared Moskowitz to House Republicans!
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"We didn't hear a lot about Joe Biden. Why? Because he didn't do anything ... Jared Kushner gets $2 billion from the Saudis even though he oversaw Mideast peace. Totally kosher ... [House Republicans] have no credibility." Jared Moskowitz to House Republicans!

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Jasson Domínguez saw a lot of changeups from Skubal and didn't have anything for it. Until he did!
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Jasson Domínguez saw a lot of changeups from Skubal and didn't have anything for it. Until he did!

Jimmy O'Brien

469,520 görüntüleme • 3 ay önce

The first time we heard about a Dangote led East African Refinery, the preferred location was Tanga in Tanzania. I asked Aliko Dangote how it ended up switching from Tanga to Lamu. Dangote says: · Tanga as a choice location was informed by the existence of the 1,443 kms East African Crude Oil Pipeline Project from Hoima in Uganda to the Port of Tanga · Eventually, other factors came into play like availability of water & its depth · Until January 2026, he actually didn't know of a place called Lamu, he thought Mombasa was the next choice Link to full interview:
3:45

The first time we heard about a Dangote led East African Refinery, the preferred location was Tanga in Tanzania. I asked Aliko Dangote how it ended up switching from Tanga to Lamu. Dangote says: · Tanga as a choice location was informed by the existence of the 1,443 kms East African Crude Oil Pipeline Project from Hoima in Uganda to the Port of Tanga · Eventually, other factors came into play like availability of water & its depth · Until January 2026, he actually didn't know of a place called Lamu, he thought Mombasa was the next choice Link to full interview:

Julians Amboko

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Ugo Dre, founder of Nairametrics, on why Nigeria cannot have another "Dangote". He says Aliko Dangote has been been working with the government since the military era. People use this against him. They say he gets a lot of government favors and tax rebates. If you want to be like him , no one is giving you these favors.
2:31

Ugo Dre, founder of Nairametrics, on why Nigeria cannot have another "Dangote". He says Aliko Dangote has been been working with the government since the military era. People use this against him. They say he gets a lot of government favors and tax rebates. If you want to be like him , no one is giving you these favors.

Tuchel

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I assure you we will come back here and commission this refinery in 40 months from today. - Aliko Dangote said as he officially flagged off today the construction of the $16 billion Dangote East African oil refinery in Kenya.
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I assure you we will come back here and commission this refinery in 40 months from today. - Aliko Dangote said as he officially flagged off today the construction of the $16 billion Dangote East African oil refinery in Kenya.

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Aliko Dangote on why there would be no other new refinery in Nigeria in our lifetime. He says it is difficult to industrialize with interest rate of 35%. There's no magician who achieve this. And he supported President Trump for protecting his own industry. He also says importation needs to stop and local industries should be protected. If we want to industralize. Tesla cannot survive if America allows BYD into the US.
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Aliko Dangote on why there would be no other new refinery in Nigeria in our lifetime. He says it is difficult to industrialize with interest rate of 35%. There's no magician who achieve this. And he supported President Trump for protecting his own industry. He also says importation needs to stop and local industries should be protected. If we want to industralize. Tesla cannot survive if America allows BYD into the US.

Tuchel

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Someone check on Chuck Schumer, President Trump just delivered some horrible news to him… He is cutting a $20 billion project that Schumer fought over 15 years to get as a result of his shut down: “They didn't realize that that gives me the right to cut programs that Republicans never wanted, you know, giveaways, welfare programs, et cetera. And we're doing that, and we're cutting them permanently.” “We're cutting a $20 billion project that Schumer fought for 15 years to get, and I'm cutting the project. The project is going to be dead. It is pretty much dead right now.”
0:38

Someone check on Chuck Schumer, President Trump just delivered some horrible news to him… He is cutting a $20 billion project that Schumer fought over 15 years to get as a result of his shut down: “They didn't realize that that gives me the right to cut programs that Republicans never wanted, you know, giveaways, welfare programs, et cetera. And we're doing that, and we're cutting them permanently.” “We're cutting a $20 billion project that Schumer fought for 15 years to get, and I'm cutting the project. The project is going to be dead. It is pretty much dead right now.”

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He was a winner on the high banks at Daytona International Speedway in 2018. A victory Saturday would send Erik Jones to the #NASCARPlayoffs.
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He was a winner on the high banks at Daytona International Speedway in 2018. A victory Saturday would send Erik Jones to the #NASCARPlayoffs.

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President Trump: I didn't do it [call Putin] in front of them [European leaders]. I thought that would be disrespectful to President Putin. You know, I wouldn't do that because they have not had the warmest relations. And actually, President Putin wouldn't talk to the people from Europe. He said that he didn't speak to anybody from the White House for years. And it was a long time that he didn't speak to anybody from Europe. It's a fractured relationship.
0:55

President Trump: I didn't do it [call Putin] in front of them [European leaders]. I thought that would be disrespectful to President Putin. You know, I wouldn't do that because they have not had the warmest relations. And actually, President Putin wouldn't talk to the people from Europe. He said that he didn't speak to anybody from the White House for years. And it was a long time that he didn't speak to anybody from Europe. It's a fractured relationship.

Anton Gerashchenko

68,067 görüntüleme • 1 yıl önce

Aliko Dangote: This project started like a joke, but after doing some research, we chose Lamu County. This oil refinery is one of the fastest projects we have launched since the fertilizer project in Ethiopia. I congratulate President Ruto; I don’t know what magic he used on me
2:11

Aliko Dangote: This project started like a joke, but after doing some research, we chose Lamu County. This oil refinery is one of the fastest projects we have launched since the fertilizer project in Ethiopia. I congratulate President Ruto; I don’t know what magic he used on me

Citizen TV Kenya

53,567 görüntüleme • 4 gün önce

VIDEO NEWS: I assure you we will come back here and commission this refinery in 40 months from today. - Aliko Dangote said as he officially flagged off today the construction of the $16 billion Dangote East African oil refinery in Kenya.
2:01

VIDEO NEWS: I assure you we will come back here and commission this refinery in 40 months from today. - Aliko Dangote said as he officially flagged off today the construction of the $16 billion Dangote East African oil refinery in Kenya.

The Compass Hub

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