We paid 40% interest on Obajana loans — Dangote
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Aliko Dangote, the founder and leader of Dangote Industries Limited, spoke about the cost of building the Obajana Cement plant in Kogi State. He stated that the company faced high financing costs from local banks. These interest rates reached as high as 40 per cent during the construction process.
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/