Nigeria: World Bank helps finance controversial fossil fuel project | Business | Economy and finance news from a German perspective | DW | 12.04.2019

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Business

Nigeria: World Bank helps finance controversial fossil fuel project

Aliko Dangote, Africa's richest man wants to make Nigeria independent of oil imports. But the oil refinery he wants to finish in 2020 raises questions about sustainability. The World Bank's IFC gave Dangote a loan, though the UN organization promised to end financial support for oil and gas beyond 2019.

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