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Mar
Mar
ALIKO DANGOTE ANNOUNCES PLAN TO BUILD MULTI-BILLION DOLLAR SEA PORT IN OGUN STATE
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CapitalTimesNews / 5 months
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- 2 min read
Africa’s foremost industrialist and President of the Dangote Industries Limited, Aliko Dangote, has announced plans to build a multi-billion-dollar sea port in Ogun State, which will be the largest in Nigeria. Dangote made this known during a courtesy visit to the Ogun State Governor, Prince Dapo Abiodun, at his office in Abeokuta. According to Dangote, the decision to invest in Ogun State was due to the state government’s vision and deliberate policies that focus on attracting investors, as well as the investor-friendly climate that exists in the state. “We had earlier abandoned our vision of investing in the Olokola Free Trade Zone (OKFTZ), but because of your policies and investor-friendly environment, I want to say we are back and will work with the state government to return to Olokola, and plans are underway to construct the largest port in the country,” he pledged. Dangote also commended the governor for his vision and deliberate policies that focus on attracting enterprises through immense support for the private sector. “Our factory at Itori was pulled down twice. When we started the second time, they not only demolished the factory but also the fence, so we left. But right now, because of His Excellency, our governor, Prince Dapo Abiodun, we are back,” he said. The Dangote Group President also gave an update on the company’s ongoing projects in the state, including the construction of two new lines with a capacity of 6.0 million metric tons per annum for the cement plant at Itori. He noted that upon completion, the total capacity of the company’s cement plants in the state would be in the neighborhood of 18 million metric tons per annum, making it the highest cement-producing state or region in Africa. In his response, Governor Abiodun thanked Dangote for his investment in the state, saying “today is a historic day, March 17, 2025, the same March when you did the groundbreaking in Lagos for the refinery, and you are now coming back in the month of March to Ogun State.” Abiodun emphasized that with the establishment of the Itori cement plant and the existing Ibeshe plant, cement production in the state would total 18 million metric tons per annum, making it the largest cement producer in Nigeria and sub-Saharan Africa. The governor also lauded the company for not shirking its Corporate Social Responsibilities to the host communities, just as it is currently constructing the Inter-change-Papalato-Ilaro road.
