Aliko Dangote plans to construct Nigeria’s largest seaport in Ogun State, facilitated by supportive political climate under Governor Dapo Abiodun. The Dangote Group also resumes work on an $800 million cement factory, expected to produce 6 million tonnes annually by 2026, positioning Ogun as a leader in cement production in Africa.
The president of the Dangote Group, Africa’s largest conglomerate, has announced plans to construct Nigeria’s largest seaport at the Olokola Free Trade Zone in Ogun State. This decision reflects a favorable political environment in the state, influenced by Governor Dapo Abiodun’s policies aimed at attracting investment. Details of the port construction project have not yet been disclosed.
In addition to the port, Dangote has revived development on an $800 million cement factory situated on a 533-hectare site near Itori in Ogun State. This factory is expected to become operational by November 2026, with an annual capacity of up to 6 million tonnes of cement.
This revitalization follows interruptions in the cement project due to opposition from former governor Ibikunle Amosun, notwithstanding existing facilities like the Ibese cement plant, which produces 12 million tonnes. Upon completion, the Itori plant will solidify Ogun State’s status as Africa’s leading cement production region.
The Dangote Group operates in 17 sectors, spanning industrial and agricultural domains. Aliko Dangote, the individual behind this vast enterprise, is recognized as Africa’s wealthiest individual, with a net worth estimated at $24 billion according to Forbes, primarily stemming from his 92% ownership of Dangote Petroleum Refinery & Petrochemicals.
The Dangote Group’s initiative to build Nigeria’s largest seaport and restart the Itori cement factory marks a significant investment in Ogun State, spurred by positive political changes. These developments are poised to greatly enhance Nigeria’s infrastructure and boost the cement production capacity of the region.
Original Source: www.globalconstructionreview.com
