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Nairametrics
Home Business News

Dangote cement’s $1 billion new factory in Edo state to start production

Chike Olisah by Chike Olisah
July 23, 2021
in Business News, Consumer Goods, Manufacturing, Spotlight
Dangote Cement pLC

Dangote cement factory

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Africa’s leading cement manufacturer, Dangote Cement Plc, has said that its 6 million metric tonnes per annum factory in Edo State, with an estimated cost of $1 billion is completed and set for commissioning.

The new factory is part of efforts by Dangote Cement to boost cement production in the state and across the country.

The disclosure is contained in a statement issued by Dangote Cement, saying that the plant which is sitting on 1,000-hectare land, aligns with the Governor Godwin Obaseki-led administration’s plan to diversify the state’s economy and attract investment into its productive sector.

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READ: Dangote $2.5 billion fetiliser plant can produce for export, delivers 120 trucks locally – Director

The Director, Stakeholder Management at Dangote Cement Plc, revealed that the local community made an input in the construction of the plant as engineers, technicians and other members of the community worked on it till completion.

He was quoted as saying, “In Nigeria, we have a population of over 200 million people. The per capita consumption of cement in Nigeria is low. We still need to do more to make the cement get to the poorest of the poor.”

READ: Buy what? Dangote vs BUA Cement

The statement by the company pointed out that the plant was built by Sinoma International Engineering Company with 1,500 local workers collaborating with the Chinese engineers on the project.

It also added that the plant is expected to employ at least 6,000 workers when it commences operations.

What you should know

The Dangote Group on April 10, 2016, commenced the construction of the $1 billion cement factory at Okpella Edo State to expand its cement production in Nigeria.

The completion of the 6 million metric tonnes per annum Okpella plant and the 6 million metric tonnes per annum at Itori Ogun state is expected to increase the company’s total local production capacity to 41.25 million metric tonnes per annum.

READ: Dangote Cement joins MTN in the trillion-naira club, as 2020 revenue surpassed N1 trillion

Meanwhile, earlier in July, Dangote Cement Plc moved to boost the distribution of the company’s products across the country as it announced the acquisition of 2,000 additional vehicles.

The new vehicles which include trucks, trailers and tippers were purchased at a cost of $150 million.

Tags: Dangote cement
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 3

  1. Suleiman Abubakar says:
    July 23, 2021 at 2:35 pm

    And still the poor can’t buy the cement. If not for BUA cement, the price of cement would’ve gone up by almost 50% by now.

    Reply
  2. James says:
    July 23, 2021 at 10:18 pm

    That is good news

    Reply
  3. Yusuf Adeno says:
    November 27, 2021 at 10:59 am

    Very good news and we also need an a job opportunity too.

    Reply

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