Africa’s foremost industrialist, Aliko Dangote, has unveiled plans to build a multi-billion-dollar seaport at Olokola and a 6 million metric tons per annum cement plant at Itori, both in Ogun State.
This move is expected to position Ogun State as the manufacturing hub of Nigeria.
Dangote attributed his decision to invest in Ogun State to Governor Prince Dapo Abiodun’s vision and policies, which have created an investor-friendly climate in the state.
He praised the governor’s efforts in attracting investors and promoting economic growth in the region.
The new cement plant at Itori will have a capacity of 6 million metric tons per annum, while the existing plant at Ibeshe produces 12 million metric tons per annum.
This will make Ogun State the largest cement-producing state in Nigeria and sub-Saharan Africa, with a total capacity of 18 million metric tons per annum.
Dangote Cement is the leading cement producer in Africa, with a capacity of 52 million metric tons per annum across the continent.
The company’s investment in Nigeria has made the country self-sufficient in cement production, with surplus production being exported to earn foreign exchange.
Governor Abiodun welcomed Dangote’s investment in Ogun State, describing it as a historic moment for the state.
He thanked Dangote for his belief in Nigeria and his commitment to promoting economic growth in the country.
The governor also praised Dangote’s company for its corporate social responsibility initiatives, including the construction of the Inter-change-Papalato-Ilaro road.
He assured that his administration is ready to work with Dangote’s company to promote economic growth and development in Ogun State.
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