By: Economic & Finance Report
Black Rhino (Blackstone’s Africa equity unit) has hired Mr. Lamido Sanusi, Emir of Kano and former Nigeria Central Bank Governor. Blackstone is working with Aliko Dangote and the Dangote Group in producing gas pipelines from the southern part of Nigeria (primarily the Niger Delta region) heading to the southwest, toward Lagos state. The Dangote Group will invest $2.5 billion dollar toward the project.
Emir Sanusi will be heading the Black Rhino’s Board of Director’s as the Chairman, assisting in an advisory role as well as producing recommendations. This comes in a time where Nigeria and the rest of Africa are figuring ways to cut off the dependency on oil and focus in other means to factor in energy. In Nigeria, gas seems to be a viable alternative as the country transitions from becoming so dependent on oil. -SB