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Dangote already repaying loans taken to build refinery - Emefiele

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'I am pleased to inform everyone today that, following extensive repayments, outstanding debt has dropped appreciably from over US$9 billion to US$2.7 billion,' Mr Emefiele said.

, Godwin Emefiele, said Monday that the President of Dangote Group, Aliko Dangote, has started repaying some commercial loans used in financing the Dangote Refinery before commissioning the plant.

Mr Emefiele said “Today, our history is being rewritten, and Nigeria’s trajectory for greater growth and prosperity is enhanced as we inaugurate Africa’s largest refinery, the Dangote Refinery, alongside its Petrochemical plant. Mr Emefiele also lauded Nigerian banks for providing financing support to the Dangote Group for its refinery project.

“I must at this juncture appreciate all the participating local Nigerian banks, who did not only partner with the project through effective financing but were keenly aware of the importance of the project for our nation.

 

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