Dangote Reveals He Paid 40% Interest to Nigerian Banks While Building Obajana Cement Plant
Nigerian billionaire businessman Aliko Dangote has revealed that his company paid interest rates as high as 40 per cent to local banks while financing the construction of its Obajana Cement plant in Kogi State. The disclosure offers a glimpse into the high cost of borrowing that Nigerian businesses have had to contend with, particularly when…
