Alhaji Aliko Dangote, President and Chief Executive of Dangote Industries Ltd, has announced the company’s plans to return to the Olokola Free Trade Zone (OKFTZ) in Ogun Waterside Local Government Area to construct the largest seaport in Nigeria.
Additionally, Dangote Industries has resumed work on a 6-million-metric-tons-per-annum cement factory in Itori, Ewekoro Local Government Area, with completion targeted for November 2026.
Dangote disclosed this during his visit to the cement factory.
Key Details:
- Olokola Free Trade Zone Seaport:
- Dangote revealed that the company had previously abandoned the Olokola Free Trade Zone project due to unfavorable policies under past administrations.
- The decision to revive the project was influenced by the investor-friendly environment created by Governor Dapo Abiodun’s administration.
- The seaport is expected to be the largest in Nigeria, enhancing the country’s maritime capacity and boosting economic activities in Ogun State.
- Itori Cement Factory:
- The Itori cement factory project, which had faced multiple setbacks, including demolition under the administration of former Governor Ibikunle Amosun, is now back on track.
- Dangote expressed gratitude to Governor Abiodun for facilitating the revival of the project, which is expected to significantly increase Nigeria’s cement production capacity.
- Once completed, the Itori factory will add to the existing 12-million-metric-tons-per-annum capacity of the Dangote Cement Plant in Ibese, making Ogun State the highest cement-producing region in Africa with a combined capacity of 18 million metric tons per annum.
Broader Impact:
- Dangote emphasized that these projects align with the company’s vision of driving industrial growth, creating jobs, and fostering economic development in Nigeria.
- The cement factory is expected to generate thousands of direct and indirect jobs, while the seaport will enhance Nigeria’s export capabilities and reduce reliance on imports.
These announcements underscore Dangote Industries’ commitment to contributing to Nigeria’s economic transformation through strategic investments in key sectors.
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