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1 month ago
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- Dangote Industries has unveiled plans for 2 projects successful Ogun State, a seaport and besides cement factory
- The determination comes months aft its 650,000 barrels refinery was completed and started operations
- Dangote said that his projects person made Nigeria self-sufficiency successful cement, fertilizer, and petroleum products
Legit.ng writer Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.
Aliko Dangote, President and Chief Executive of Dangote Industries Ltd has announced the company's instrumentality to large improvement projects successful Ogun State.
Speaking during a sojourn to the ongoing operation tract of a 6 cardinal metric tons per annum cement mill astatine Itori successful Ewekoro Local Government Area.
Dangote besides revealed plans to physique the largest seaport task successful Ogun Waterside Local Government Area of the state.
Source: Getty Images
Dangote projects program for Ogun state
This cement task successful Ogun authorities volition beryllium constructed connected 533 hectares and volition summation the company's accumulation capacity, presently astatine 12 cardinal metric tons per annum from its Dangote Cement Plant successful Ibese.
Also, upon completion, the Itori installation volition rise the state's combined capableness to 18Mta, positioning it arsenic Africa's biggest cement producer, Punch reports.
Africa's richest antheral is targeting the completion of the cement mill task by November 2026.
Speaking connected the project, Dangote said the billionaire industrialist regretted that the astir $800m Itori cement mill was expected to person been agelong completed and commissioned but for the absorption of ex-Govenor Ibikunle Amosun to the project.
He said:
“When we started gathering the caller cement mill astatine Itori, erstwhile Governor Amosun demolished it, we came backmost again and restarted the task but Governor Amosun besides came again, demolished the mill and adjacent the fencing, truthful we left.“But due to the fact that of my brother, Governor Dapo Abiodun we are backmost to the tract and you volition beryllium amazed with the level of enactment ongoing there.”
Source: Getty Images
Dangote seaports plan
In summation to cement production, Dangote outlined plans to reinvest successful the Olokola Free Trade Zone (OKFTZ), citing Governor Abiodun's supportive policies arsenic instrumental successful rekindling their interest.
Dangote arsenic revealed that helium has decided to instrumentality the earlier abandoned Olokola FTZ for the largest larboard successful the state owed to Abiodun’s favourable disposition, Vanguard reports.
He said:
“We earlier connected abandoned our imaginativeness of investing successful the Olokola Free Trade Zone (OKFTZ), but due to the fact that of Governor Dapo Abiodun’s policies and capitalist affable environment."I privation to accidental we are backmost and are going to enactment with the authorities and instrumentality to Olokola and plans are underway to conception the largest larboard successful the country.”Dangote said that it is connected grounds that his concern successful cement manufacturing has made Nigeria self-sufficient successful the product, efficaciously ending importation.
New cement steadfast to statesman operations successful Kebbi
Earlier, Legit.ng reported that The Kebbi State authorities has inked a woody with MSM Cement Limited to found a mill with a 3 cardinal tonnes per annum capacity.
The new woody volition spot MSM Cement Limited physique a 3 cardinal tonnes capableness works successful the state.
The authorities revealed that the caller works volition boost occupation instauration and the state’s economical environment.
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Source: Legit.ng
