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Dangote: Nigerian Billionaire, BoI, Kaduna state, Kebbi state to purchase Peugeot Nigeria

Aliko Dangote

Dangote is teaming up with the Bank of Industry (BoI), the Kaduna state and Kebbi state government to purchase major shares of Peugeot Automobile Nigeria (PAN) Limited.

During the launch of the Bank of Industry youth empowerment scheme, Nasir el-Rufai, Governor of Kaduna state stated that Dangote is teaming up with the Bank of Industry (BoI), the Kaduna state and Kebbi state government to purchase major shares of Peugeot Automobile Nigeria (PAN) Limited.

Read: ‘We will start selling FX to CBN by 2020,’ billionaire businessman says

According to Reuters, El-Rufai stated that bids have been submitted to the carmaker.

We have submitted bids for the car maker … with Aliko Dangote on board together with BoI, Kebbi and Kaduna state; we are confident our bid will sail through,” El-Rufai said.

Read: Dangote, Adenuga, Otedola, Alakija, Rabiu make Forbes list 2016

Peugeot Nigeria assemble plant is located in Kaduna state. The plant has the capacity to assemple 240 cars daily.

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This post was syndicated from pulse.ng - Nigeria's entertainment & lifestyle platform online. Click here to read the full text on the original website.

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