Nigeria’s government approved major transport and energy investments, including a stake in a giant private refinery, that are expected to cost $15.4-billion. Ministers in the West African nation signed off Wednesday on the state-owned Nigerian National Petroleum Corp.’s proposed purchase of a 20% stake in a refinery being built by Aliko Dangote, Africa’s richest person, for $2.76-billion. They also agreed to the rehabilitation of two other NNPC-controlled refineries and the construction of a 1,400-kilometer (870-mile) railway.
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