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You are here:Home>>Strategic Research & Analysis>>Dangote Group opens $1 bn cement plant in Ogun State
Friday, 10 February 2012 16:55

Dangote Group opens $1 bn cement plant in Ogun State

Written by Administrator
 L-R: Minister of Trade and Investment, Olusegun Aganga; President of Dangote Group, Alhaji Aliko Dangote; President Goodluck Jonathan and the Governor of Ogun State, Senator Ibikunle Amosun cutting the tape to commission the six million metric tons Dangote Ibeshe Cement Plant in Ogun State, Thursday, February 09, 2012.    L-R: Minister of Trade and Investment, Olusegun Aganga; President of Dangote Group, Alhaji Aliko Dangote; President Goodluck Jonathan and the Governor of Ogun State, Senator Ibikunle Amosun cutting the tape to commission the six million metric tons Dangote Ibeshe Cement Plant in Ogun State, Thursday, February 09, 2012. thewill

One-billion-dollar cement opened by Dangote Group was commissioned by President Goodluck Jonathan

 

Dangote Group opened a  one-billion-dollar cement industry at Ibese, in southwestern Ogun State. The chairman of Dangote Group is Mr. Aliko Dangote, a business magnate and seasoned capitalist has always been a committed investor particulary in Nigeria and Africa in general. With one-billion-dollar investment in Nigeria, it will kiick-off the drive for others to follow the foot steps of Dangote Group. This is one of the largest investment in the non-oil sector of the economy and this is significant to the economic wellbeing of Nigeria, as the country struggles to diverify its oil based economy.

 

In his own words the chairman of Dangote Group  Mr. Aliko Dangote said, "We are working towards making the company one of the eight biggest producers of cement in the world and with the commissioning of the Ibese plant, Nigeria has been transformed from major importer of cement to self-sufficient in production and export."

 

 

Nigeria's President Goodluck Jonathan was at hand to commission the Ibese cement plant and he was pleased with the investment. President Jonathan was quoted in a AFP report, "Whenever you call me to come and commission new investments, I will come again because these are the kind of stories we want to hear in Nigeria."

 

Nigeria needs a good news which has  not been coming lately, with the social unrest fueled by MEND and Boko Haram the country has been rocked with uncertainty. Inspitte of the social unrest the country's economy is expected to grow robustfully in 2012 at rate 6.7 percent to 7 percent.

 

The great thing about the one-billion-dollar cement plant is the job's avaliability and that will help to lower unemployment in the area. The new plant at Ibese will be producing six million metric tonnes of cement yearly and  together with Dangote Group other two cement plants,  the company will increase its  annual production capacity to 20.25 metric tonnes.

 

Last modified on Friday, 10 February 2012 22:38

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