Aliko Dangote plans to build Nigeria’s largest seaport in Ogun State and has resumed the construction of a 6-million-metric-ton-per-annum cement factory in Itori, set to be completed by November 2026. These efforts aim to enhance Nigeria’s self-sufficiency in cement and fertilizer production and increase its role as an exporter.
Aliko Dangote, President of the Dangote Group, has announced plans to construct Nigeria’s largest seaport at the Olokola Free Trade Zone in Ogun State. This development is part of a larger initiative to boost investment in the region, which has recently regained focus due to supportive policies from the state’s government.
In addition to the port, Dangote Group has resumed the construction of a significant cement factory in Itori, intended to produce 6 million metric tons of cement annually. This project, with an expected completion date of November 2026, is positioned to enhance Nigeria’s cement production capabilities.
Dangote emphasized the importance of these projects, noting that his company’s investments in cement and fertilizer have advanced Nigeria’s self-sufficiency, transforming it into a net exporter of these commodities. The cement plant in Itori will contribute to a total capacity of 18 million metric tons per annum across Ogun State, establishing it as Africa’s leading cement-producing region.
The ambitious endeavor also follows previous challenges, as Dangote acknowledged delays caused by political opposition. However, he remains optimistic about the ongoing developments, including a major refinery that has commenced exporting refined products and alleviating local fuel prices.
In summary, Aliko Dangote’s initiatives to build Nigeria’s largest port and resume construction of a major cement factory signify a commitment to enhancing the country’s industrial capacity and self-sufficiency. These projects aim not only to bolster local production but also to establish Nigeria as a prominent player in export markets for cement and fertilizer. With the combined efforts in multiple industries, there is a concerted drive towards economic development and sustainability.
Original Source: africa.businessinsider.com
