Ver Angola

Energy

Nigerians want to invest in Angola's mineral resources and have their eyes set on the Lobito Refinery

A Nigerian multinational intends to invest in Angola in the mineral resources sector. This is the Dangote Group, which also wants to collaborate with Sonangol, in order to explore ways to contribute to the Lobito Refinery. The intentions were expressed by Aliko Dangote, CEO of the aforementioned group, after a meeting with the President of the Republic, João Lourenço.

: CIPRA
CIPRA  

The hearing, held this Tuesday in Luanda, served for the parties to address issues related to the production of oil and gas, sugar and cement, says a statement from CIPRA, to which VerAngola had access.

Speaking to the press after the meeting, Aliko Dangote said that the "Angolan panorama is rich in mineral resources", as is Nigeria, which can be used by the two countries to "work together in this area and make greater use of gas".

Quoted in the statement, the CEO of the Dangote Group said that they see this as an opportunity: "So, we look at this as an opportunity where we can use this gas that is not used, so that it can serve as a lever for commercial relationships".

Furthermore, the Nigerian multinational also has its eye on the Lobito Refinery. According to Aliko Dangote, they intend to "collaborate with Sonangol to explore ways to contribute to the Lobito Refinery project".

Regarding the volume of money available for investment in the Angolan economy, the group's CEO said "the type of investment that will be made and its results to benefit the population is more important" than the amount to be invested.

"With the transformations taking place in Angola, under the leadership of President João Lourenço, we believe it is important, as African businesspeople and investors, to help him achieve this goal", said Aliko Dangote, quoted in the statement.

Rui Miguêns de Oliveira, Minister of Industry and Commerce, said that the numbers, currently, "are not essential, but the firm desire expressed by the Nigerian businessman to invest" in the country.

The minister highlighted the country's openness to all investors: "Angola is open to all investors, with special and particular interest in investors from our continent who have potential, like Mr Dangote and his group", he said.

Created in 1981, the Dangote Group concerns a private company in Nigeria, with varied services, operating in sectors such as the sugar industry, among many others.

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