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Home Companies Company News

Why Dangote Should Shut Down His Cement Factory In Camerooun

Onome Ohwovoriole by Onome Ohwovoriole
February 9, 2017
in Company News
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Aliko Dangote, may be better off importing cement from Nigeria, than manufacturing in Cameroun. Cameroon is bordered by Nigeria to its west. Cement smuggled from Northern Nigeria, is 20% cheaper than the cement produced in the country. Cameroun banned the importation of cement into the country, since it has three factories.

Dangote cement factory commenced operations in April 2015. The factory has a capacity of 1.5 milllion tonnes per annum and was the first cement factory to open in the country in 40 years.

Tags: Aliko DangoteManufacturing
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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