We paid 40% interest on Obajana loans

We paid 40% interest on Obajana loans

Founder and President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has disclosed that his company paid interest rates of up to 40 per cent to local banks while financing the construction of its Obajana Cement plant in Kogi State. Read More: https://punchng.com/we-paid-40-interest-on-obajana-loans-dangote/

Dangote reveals Obajana Cement project attracted 40% Interest rates on local bank loans

Dangote reveals Obajana Cement project attracted 40% Interest rates on local bank loans Story by Maimuna Idris Muhammad  Africa’s richest industrialist, Aliko Dangote, has disclosed that his company paid interest rates of up to 40 per cent on loans obtained from Nigerian banks to finance the construction of its Obajana Cement plant in Kogi State. […]

Dangote reveals 40% interest rate on Obajana plant loans

By Emmanuella Opara | November 6th, 2026 KEY POINTS MAIN STORY President of Dangote Industries Limited, Aliko Dangote, has disclosed that his company paid interest rates of up to 40 per cent on loans obtained from Nigerian banks to finance the construction of its Obajana Cement plant in Kogi State. Dangote made the disclosure on […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.

“We Paid 40% Interest To Local Banks” — Dangote Recalls Obajana Financing Struggle, Urges Entrepreneurs To Think Big

Founder and President of Dangote Industries Limited, Aliko Dangote, has disclosed that his company paid interest rates of up to 40 per cent on loans obtained from Nigerian banks to finance the construction of the Obajana Cement plant in Kogi State. Dangote said the project, initially conceived at about $180 million, eventually cost approximately $1 […]