Sponsored
Oil & Gas

Dangote Meets Burundi President, Explores Investment Opportunities, Cuts PMS Price By N25 per Litre,

Sponsored
Sponsored
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit by N25 per litre, lowering its ex-depot/gantry rate from N799 to N774 per litre.
The refinery communicated the price adjustment to marketers on Tuesday, confirming that the new rate takes immediate effect nationwide.
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” noted the refinery.
The adjustment further strengthens the competitiveness of locally refined products, as the current landing price of imported PMS from Lome stands at about N793 per litre, compared to Dangote Refinery’s ex depot/gantry price of N774 per litre.
Meanwhile, Africa’s richest man and President of Dangote Group, Aliko Dangote, paid a brief but strategically significant visit to Burundi, where he explored new investment opportunities and cemented plans to expand the Dangote Group’s presence across the continent.
The visit included high‑level talks with President Evariste Ndayishimiye at the presidential palace.
Accompanied by former Nigerian President Olusegun Obasanjo, Dangote described the mission as both diplomatic and economic in scope.
He revealed that two dedicated technical teams—one representing Burundi and the other the Dangote Group—have been constituted to identify priority sectors and develop viable investment projects.
“Our focus really is investing heavily in the African continent, not anywhere else, and so Burundi is part and parcel of that African region,” Dangote stated after the meeting.
He pointed to strong potential in solid minerals, power generation, agriculture, cement production, and infrastructure development, emphasising that the goal is to build a mutually beneficial partnership that drives shared prosperity.
According to official sources, discussions centered on strategic cooperation in infrastructure, logistics, industrialization, and energy—areas the Burundian government considers essential to its long-term economic transformation.
The engagement aligns with Burundi’s broader ambition to attract large-scale private sector investment and strengthen ties with leading African industrial players.
Observers widely view the engagement as a landmark moment—one that positions Burundi as a credible destination for African mega‑investors and integrates the country more firmly into Dangote’s continental expansion strategy.
Sponsored
Funsho Arogundade

Recent Posts

Olukoyede Charges Religious Leaders on Right Teaching Against Corruption

The Executive Chairman of the Economic and Financial Crimes commission, EFCC, Ola Olukoyede, has called…

5 minutes ago

Why My Father Hid My Hausa Identity For Almost Three Decades —Hashim

Presidential candidate of the Accord Party, Dr. Gbenga Hashim, has revealed the extraordinary family secret…

15 minutes ago

Why The Right Community Could Be A Woman’s Greatest Advantage

  For generations, women have been encouraged to work harder, save more and persevere. Yet…

2 hours ago

Hunjo On The Infrastructure Behind Nigeria’s Data Boom, Says “Our Lives Depend On It”

Telecommunications analyst and legal practitioner, Barnabas Hunjo, has described Nigeria’s expanding telecommunications infrastructure as increasingly…

2 hours ago

Excellence As An Identity: The Soludo Genius

 CHRISTIAN ABURIME True genius can be humble, but is rarely a quiet affair. It announces…

2 hours ago

From Okokomaiko To Instant Millionaire: How One Bottle Of Guinness Is Rewriting Fortunes For 642 Nigerians

Guinness Nigeria's "Open For More" consumer promotion has reached a significant milestone, with 856 Nigerians…

3 hours ago
Sponsored