ALIKO DANGOTE’S DOUBLE CELEBRATION: CELEBRATES BIRTHDAY BY COMMISSIONING $1 BILLION CEMENT PLANT IN EDO
It was a double ceremony yesterday as Africa’s richest man, Aliko Dangote
began construction of a $1 billion cement factory in Okpella, Edo state to
celebrate his birthday.
began construction of a $1 billion cement factory in Okpella, Edo state to
celebrate his birthday.
According to reports, the six million metric tonnes per annum (mmtpa)
Okpella plant and the upcoming six mmtpa plant in Itori, Ogun State will
increase the company’s local production capacity to 41 mmtpa annually.
Okpella plant and the upcoming six mmtpa plant in Itori, Ogun State will
increase the company’s local production capacity to 41 mmtpa annually.
The project which will be completed within 26 months will create 6,000
direct jobs and 45,000 indirect jobs in the community.
direct jobs and 45,000 indirect jobs in the community.
Speaking at the ceremony, Dangote said that the project will meet local
demands for cement, as well as surplus for export and foreign exchange
generation. He also urged other investors to look at other investment
opportunities in Nigeria, saying the Federal government have created investor
friendly policies to boost investments.
demands for cement, as well as surplus for export and foreign exchange
generation. He also urged other investors to look at other investment
opportunities in Nigeria, saying the Federal government have created investor
friendly policies to boost investments.
He also said that economic reforms in the areas of tax, innovations in
rural finance, and investment in infrastructure made him invest in the state.
rural finance, and investment in infrastructure made him invest in the state.
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