President, Dangote Group of Companies, Alhaji Aliko Dangote, plans to invest $7 billion in power, petrochemical and mining sectors of the economy within the next four years.
Dangote said he will be contributing $2.5 billion to these projects while $4.5 billion will be borrowed from reputable international lenders such the International Finance Corporation (IFC).
He disclosed these at a send off for the IFC Vice-President, Sub-Saharan Africa, Latin America and Caribbean and Western Europe, Mr Thierry Tanoh, in Lagos.
The funds, he said, will be deployed in generating 2,000 mega watts of electricity. "we want to do power, that will be about 2,000 mw, that is infrastructure. We will put down our equity of about $2.5 billion and borrow $4.5 billion dollars," he said.
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