Dangote Refinery Receives $1bn Grant From United States Agency
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Nigeria - The United States Trade and Development Agency (USTDA) has announced a grant of $997.4 million dollars as training support for the proposed refinery by the Dangote Group.
Dangote Group and the USTDA on Thursday in Lagos signed a Memorandum of Understanding.
Dangote Group had in May declared that the proposed refinery would begin operation in the first quarter of 2018 with an investment of about 9 billion dollars.
Ms. Enoh Ebong, USTDA’s Deputy Director, said the agency was pleased to support the Dangote Oil Refining Company’s efforts to increase Nigeria’s oil refining capacity.
She said it was a “sign of deepening the United States’ long history of support for vital infrastructure in Nigeria.’’
Mr. Aliko Dangote, the Chairman, Dangote Group, lauded USTDA for its assistance toward the takeoff of the refinery.
He said the aspect of training and capacity development was vital to the success of the project.
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