Monday, May 23

Nigerian billionaire, Femi Otedola visits Dangote Petrochemical Plant

Nigerian billionaire, Femi Otedola paid a visit to the Dangote Petrochemical Plant located at Ibeju Lekki Lagos, Nigeria on Saturday 22nd January 2022.

The Nigerian billionaire and philanthropist visited the plant alongside the President of the African Development Bank, Mr Akinwumi Adesina and his wife Mrs Adesina.

He made this known through a post on his official Instagram handle, which shows pictures of himself, Aliko Dangote, Akinwumi Adeshina, and his wife at the $2 billion petrochemical plant on Saturday.

His post read, “yesterday I visited the 8th wonder of the world, The Dangote Petrochemical Plant, in the company of the African Development Group President, Mr Akinwumi Adesina and his Wife, Mrs Adesina🙏🏾 …F.Ote💲”

Meanwhile, the Nigerian billionaire recently pledged a sum of $250,000 to the Nigerian National football team, they are able to win the African Cup of Nation (AfCON).

About the Dangote Petrochemical plant

  • The Dangote Petrochemical Plant is housed in the Petrochemical complex which is also where Dangote Oil Refinery is located.
  • It covers a land area of approximately 2,635 hectares (six times the size of Victoria Island).
  • The plant was built to cater for the demands of the growing plastic processing downstream industries; not only in Africa, but also in other parts of the world and is expected to drive investment in the downstream industries massively, generating huge value addition in the country, generate employment, increase tax revenues, reduce foreign exchange outflow and increase the Gross Domestic Product (GDP) of the country.
  • The plant would produce 77 different polypropylene and it is expected that in the future, the petrochemical plant  would embark on the production of polyethylene products.