Femi Otedola plans a $100m investment in Dangote Refinery, deepening his long-standing business and personal ties with Aliko Dangote.

Femi Otedola has sold his stake in Geregu Power to invest in the upcoming Dangote Refinery IPO, calling it a transformative project for Africa's economy.

Femi Otedola reveals he sold his Geregu Power stake to invest in Dangote Refinery’s IPO as investor demand surpasses $2 billion amid expansion plans across Africa

Otedola says Dangote refinery and fertiliser projects have transformed Nigeria’s industrial landscape and reduced dependence on imports.

The billionaire tycoon explained that proceeds from Geregu stake sale were channelled into Dangote Refinery investment ahead of planned public offering.

Femi Otedola plans a $100m investment in Dangote Refinery, deepening his long-standing business and personal ties with Aliko Dangote.

Femi Otedola says Aliko Dangote’s refinery ended decades of fuel import dependence in Nigeria as the $20 billion project reshapes Africa’s energy market and sparks monopoly…