Dangote Flags Off U.S.$1 Billion Cement Factory in Edo

By Mohammed Shosanya

Dangote Cement Plc at the weekend launched the construction of a $1 billion investments in cement plants in Okpella, Edo State, with potentials to generate 6,000 new jobs in the country

The new cement plants are expected to further increase the $3 billion the country has been saving from import substitution in cement yearly, according to a statement from the company.

The new six million metric tons per annum capacity cement plant is coming on the heels of similar arrangement for another six million mtpa cement plant in Itori, in Ogun state where the company is currently running a 12million mtpa cement plants at Ibese, in Yewa division of the state. By this investment, Dangote’s production capacity will go up further to 41million mtpa, in Nigeria alone.

The Minister for Solid Mineral Development, Dr. Kayode Fayemi and his counterpart in Trade and Investments, Dr. Okechukwu Enelamah, said at the ground breaking ceremony of the construction that government is pleased with the exploits of the Dangote Cement in ensuring that the nation freed itself from the shackles of endless importation and becoming net exporter.

Source: Daily Trust/AllAfrica.com

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