President and Chief Executive of the Dangote Group, Alhaji Aliko Dangote, said yesterday that the President Muhammadu Buhari administration was on the right path in the diversification of the nation’s economy.

His assertion followed new policies implemented through the Ministry of Industry, Trade and Investment as well as Ministry for Solid Mineral Development.

Dangote spoke at the ground-breaking ceremony of Okpella cement financed by his group.

He hailed efforts of the President in revitalising the solid mineral sector, noting that the sector could provide employment and improve non-oil revenue.

Dangote noted that the new plant could transform the economy of Okpella and Edo State.

Dangote said investment in local cement plants saved Nigeria $3 billion spent on importing cement.

He urged the private sector to invest in critical areas of the economy since the Federal Government has expressed readiness to resuscitate the industrial sector.

Dangote said he would always invest in Nigeria, adding that Nigeria remains the best place to invest in the world.

He said: “While others are sitting and waiting, the Dangote Group is thinking ahead by investing in additional cement capacities in Okpella in Edo State and Itori in Ogun State. We have also invested in a 100MW Power Generation Plant for Itori and Okpella.

“A key factor that drives investments in an economy is the presence of an investor-friendly business climate. Indeed, Edo State is one of the most attractive investment destinations in Nigeria.

“The economic reforms in Edo State, especially in tax, innovations in rural finance and investment on infrastructure, have produced an enabling environment that has further provided a platform for future growth. These factors encouraged us to consider Edo State as the right destination for this investment.

“By this investment, Dangote is increasing its production capacity, thus maintaining its leadership in the industry. The Okpella six million capacity plant will take our local capacity to 35m mtpa, and with the coming on stream of the 6m mtpa plant at Itori in Ogun State, our local capacity will go up to 41m mtpa.”

The project, he added, “is only one of our several successful projects in parts of the country and outside in more than 15 other locations in African countries, in line with our Pan African investment strategy”.

Edo State Governor Adams Governor said his administration has created enabling environments for businesses to strive in the state.

However, impressed at the continuous investments in cement production despite having met local demands, the Federal Government said the gains of backward integration in the cement sector, as championed by the Dangote Group, is saving the nation billions of foreign exchange.

Minister of Solid Mineral Development Dr. Kayode Fayemi and his counterpart in Trade and investments, Dr. Okechukwu Enelamah, said government was pleased with Dangote Cement in ensuring that the nation frees itself from endless importation and becoming net exporter.

This said tallied with the change agenda of the Buhari government to substitute importation with local production and consume only products produced locally.

They said the volatility in the international oil market and the excessive dependent on importation have put pressure on the naira, adding that the government would free the naira from such pressure.

Fayemi said the Federal Government would meet with the 36 governors to simplify access to land by investors in solid minerals.

He said continuous investment in the mining sector would earn the nation $25 billion annually by 2025.

The $1 billion cement plant has the capacity to hire 6,000 new jobs.

The new six million metric tonnes per annum capacity cement plant is coming on the heels of similar arrangements in Itori and Ibeshe, Ogun, with 12 million metric cement in combined capacity.

By this investment, Dangote cement’s production capacity will increase to 41metric tonnes per annum in Nigeria alone.



https://www.today.ng/business/105021/economy-buhari-right-path-dangote

The enemy would come against a President like Buhari, but God is for him and the favor of God is greater than any adversary. Put a hedge of protection around him with Your holy angels and their fiery swords. Make his enemies his footstool Yaa Robi.

Thank you God for this man of valore and his team. Thank you that Nigeria will never be the same and we lived to see the HOPE turn into CHANGE and only God could do this through President Buhari.

When people like Dangote talk, we listen.

Ride on Mr President!
The future for me is already a thing of glory, you were my first choice and you will remain my only choice.

Your character, composure, carriage, approach etc are enviable.
For we are not unmindful of the fact that every great spirit will always encounter violent opposition from mediocre minds and we are not also short-sighted to know the difference between expectations and realities.

Wailers and the people of middle east/Israel will say Dangote indirectly sponsored Buhari's 2015 election.

Enemies of the Nation

God bless PMB and PYO
God bless Dangote
God bless the Federal Republic of Nigeria.

The Lost Ones will now remember Dangote is a Muslim, just as they've forgotten Zakzaky is also a Muslim.

#DisgustingPolitics.

omenka:
The Lost Ones will now remember Dangote is a Muslim, just as they've forgotten Zakzaky is also a Muslim.

#DisgustingPolitics.

IPOB tout and an Israeli or someone from Middle east of Nigeria will always spew trash.

I love the fact that he invests heavily in his country. Unlike some useless politicians who steal our money and invest it overseas.

omenka:
The Lost Ones will now remember Dangote is a Muslim, just as they've forgotten Zakzaky is also a Muslim.

#DisgustingPolitics.

Why is your brain so sharp?

BTW you forgot to include a Fulani Royal prince!! from Sokoto!

Only the wealthy recognises the smell of wealth from afar.
But here in Nigeria, terms and conditions applies o

modath:


Why is your brain so sharp?

BTW you forgot to include a Fulani Royal prince!! from Sokoto!

you catch am there

Dangote and Buhari are teaching ECONOMICS in the University of Wutemberg USA..and Harvard University has been begging them for a helping hand.

There is light at end of the tunnel.




The future remains bright.
Some pple have eyes bt can't see, ears but can't hear.

No president have ever don wht President Buhari is doin right now, God kept him for the survival of Nigeria, if we all look at him very wel , u will see the spirit of a FATHER in him.

Zombie will masturbate here while they queue in fuel station to buy fuel at #180



Pathetic mofos

The Richest Man in Africa has spoken,
But some broke folks would come here to spew trash they dont know about Nigeria's Economy just because their Hero, who plundered the nation to its knees and put our economy in the present sorry state, lost woefully in the last elections.

wao. ok na

omenka:
The Lost Ones will now remember Dangote is a Muslim, just as they've forgotten Zakzaky is also a Muslim.

#DisgustingPolitics.

na today same dangwate dat is enjoying unlimmited access to foreign exchange from cbn at d expense of nigerians kwantinew ur zombiesm. by d time dangote corners all critical investment cotesy of his govt contacts una eye go clear.

Does anyone think he would say otherwise? It's easy to he a billionaire when you have monopoly over anything.

I pray.

Okay .... why won't you say that... you dey make money na...

Shey because u no dey suffer?, ......dey talk ru***sh o

Mr Monopoly well done, I hope Pastor Ize-Iyamu converts it to state asset, I mean the raw materials belong to Edo state so he's not doing us a favour.

sorry to say dangote is stupid and self center man

And some idiots that cannot reason are blaming the economic problems created by GEJ and PDP on Buhari.
Some whose parents cannot afford two good meals a day are talking rubbish on Nairaland.

Dangote has spoken and the wailers with their poverty minds are wailing because there is no money to steal. Not business as usual.

God bless Dangote
God bless PMB/PYO
God bless me
God bless Nigeria
God bless you as you click like.
God do otherwise to you as you do otherwise.

.Sai baba!

I voted for Buhari a fulani man, I can't remember voting for an angel, saint or miracle worker. So I never expected a miracle, I voted for change not magic.16 years misrule can not be repaired in a year so Nigerians let's be patient.......




Anyways...



DrabeeyWasHere

YOU'V ALL HEARD FROM THE HORSE'S MOUTH.

Northerners having each other's backs

Sonyoluade:
No president have ever don wht President Buhari is doin right now, God kept him for the survival of Nigeria, if we all look at him very wel , u will see the spirit of a FATHER in him.

perfectly to be your father...

Why wouldn't you say this when you are reaping in billions from your monopoly in almost every commodity in Nigeria, go and ask the average man on the street who dad or mum just lost his/her job or the small scale entrepreneur who can't afford to buy fuel anymore to power his business.