₦airaland Forum

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b]The President/Chief Executive of Dangote Industries Ltd, Alhaji Aliko Dangote on Monday disclosed the readiness of the company to return to the Olokola Free Trade Zone in Ogun Waterside Local Government Area of the state for the largest seaport project in the country.
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Dangote also said that his company has equally returned to site to construct a 6million metric tons per annum cement factory at Itori in Ewekoro Local Government Area of the state slated for completion by November 2026.

The billionaire industrialist regretted that the the almost $800m Itori cement factory was supposed to have been long completed and commissioned but for the opposition of ex-Govenor Ibikunle Amosun to the project.

Dangote disclosed this during his visit to the ongoing 6 million metric tons per annum cement factory at Itori.

He said, “When we started building the new cement factory at Itori, former Governor Amosun demolished it, we came back again and restarted the project but Governor Amosun also came again, demolished the factory and even the fencing, so we left.

“But because of my brother, Governor Dapo Abiodun we are back to the site and you will be surprised with the level of work ongoing there.”

Dangote said that he was in the state to update the governor on the ongoing two new lines of 6million metric tons per annum(Mta) cement plant in Itori sitting on 533 hectares of land.


He stated that the state currently host 12 million metric tons per annum Dangote Cement Plant, Ibese and that on completion of Itori cement project, the state will have a combined capacity of 18Mta, making it the highest cement producing state or region in Africa.

Dangote equally revealed that he has decided to return the earlier abandoned Olokola FTZ for the largest port in the country due to Abiodun’s favourable disposition.

He said “We earlier on abandoned our vision of investing in the Olokola Free Trade Zone (OKFTZ), but because of Governor Dapo Abiodun’s policies and investor friendly
environment, I want to say we are back and are going to work with the government and return to Olokola and plans are underway to construct the largest port in the country.”

Dangote said that It is on record that his investment in cement manufacturing has made Nigeria self-sufficient in the product, effectively ending importation and
marking its transformation into a cement exporting nation.

He explained, “We have also repeated the feat in production of fertilizer as Nigeria is now self-sufficient, with the surplus going for the export market thereby generating foreign exchange earnings for the country.

“We rolled out automotive gas oil(AGO) in January 2024 and Premium Motor Spirit(PMS) in September 2024 from our 650,000 barrels per day petroleum refinery located in Ibeju-Lekki. Other products from the refinery include aviation fuels, LPG, and carbon black.

“The refinery has the capacity to meet domestic demand for all refined petroleum products. Today we have repeated the cement story, where a country that was once a net importer of a product, is now exporting refined petroleum products.”

He reiterated that the goals of Dangote Industries is to make Nigeria self-sufficient in whatever we consume since there is abundant natural resources for the domestic manufacturing of these products and commodities.

Dangote explained that key factor that drives investments in any economy is the presence of an investor-friendly business climate, lauding Gov Abiodun for his various deliberate policies which has made the state one of the most attractive investment destinations in Nigeria.

Speaking at the event, Abiodun lauded Dangote for being an exemplary industrialist who remained undaunted in his determination to industrialise the country.

Abiodun hailed the industrialist for returning back to the state to construct $800m cement factory at Itori despite the needless opposition of his predecessor saying that it only further confirmed the uniqueness of Dangote and his undiluted love for Nigeria.

The governor also lauded Dangote for the ongoing construction of Sagamu Interchange to Papalanto describing the road as very critical to economic growth and prosperity of the state.

Abiodun said that his government will continue to create enabling environment to further attract investors to the state.

The governor described Dangote’s visit as historical saying that it has provided opportunity for the government to engage with the industrialist on issues bordering further economic development of the state.

https://punchng.com/dangote-plans-largest-seaport-in-ogun-laments-800m-cement-company-demolition/

The governor also lauded Dangote for the ongoing construction of Sagamu Interchange to Papalanto describing the road as very critical to economic growth and prosperity of the state.
All the anti-Dangote people and IPMAN should get this memo on nation building.
Ogun State is the next mega investment frontier in Africa after Lagos State.

Invest in Lagos and Yorubaland today.
May God bless Nigeria for ever!

Why always Ogun State?

muyico:
Why always Ogun State?

Cos Ogun is the closest to the most populous state in Africa, so what ever you produce there has a ready market next door.

Aliko Dangote is a true Nigerian patriot.

His investments across the country and his commitment to self-sufficiency in key commodities are commendable.

Dangote investing in Nigeria is beautiful. Not some peeps building refineries in Malta.

Making Nigeria self-sufficient in all we consume.

Alhaji Dangote, the true embodiment of the saying "Nigeria is a country, but I love Nigeria."

Richtaiwo:
Why are private southern multinational businesses always located in SW and SS only. Is it that SE is not conducive for business?

Anyway, even over 70 percent of SE people are in the SW so they can survive. So lemme leave before dey take mention break my phone.

The answer is very simple, weakocracy. Government of the weak by the weak for the weak.
Nigeria is neither capitalist, communist, nor socialist. What it practices is Weakoconomy—an economy run by weak, uncreative parasites who hijack government power to enrich themselves while the truly hardworking and intelligent struggle against systemic sabotage. These leeches allocate oil wells to themselves, hoard national wealth, and then have the audacity to flaunt their stolen fortunes, mocking those who grind daily for success.

Dangote, for instance, has been handed monopoly after monopoly—on rice importation, cement production, and even fuel importation, courtesy of NNPC. Not because of exceptional business acumen, but because the system is rigged to create state-sponsored oligarchs who pretend that no billionaire can emerge without government blessings. Meanwhile, real entrepreneurs are crushed under policies designed to keep them from rising.

Change Nigeria to the Federal Republic of Dangote.

In life, you will realize there is a role for everyone to meet. Some will test you. Some will use you. Some will love you and some will teach you. But the ones who are truly important are the ones who bring out the best in you. They are the rare and amazing people who remind you why it's worth it.

Town criers will still cry marginalisation. But they don’t need to, when Dangote wants to build a fake drugs manufacturing factory, he will go to Aba

Dangote is the real developer!

But why are they not going to SE at all?

kettykin:
The answer is very simple, weakocracy. Government of the weak by the weak for the weak.
Nigeria is neither capitalist, communist, nor socialist. What it practices is Weakoconomy—an economy run by weak, uncreative parasites who hijack government power to enrich themselves while the truly hardworking and intelligent struggle against systemic sabotage. These leeches allocate oil wells to themselves, hoard national wealth, and then have the audacity to flaunt their stolen fortunes, mocking those who grind daily for success.

Dangote, for instance, has been handed monopoly after monopoly—on rice importation, cement production, and even fuel importation, courtesy of NNPC. Not because of exceptional business acumen, but because the system is rigged to create state-sponsored oligarchs who pretend that no billionaire can emerge without government blessings. Meanwhile, real entrepreneurs are crushed under policies designed to keep them from rising.

Do you really understand what a monopoly means?
Where is the so called "Dangote monopoly" in the importation or production of rice, cement, petroleum?
The truth is Dangote takes huge risks to invest heavily, and the bigger the investment the higher the potential of dominating the industry/sector and the rewards (profits, market share etc) that come along with it.
Other investors too should invest heavily like Dangote if they do not want him to dominate their industry or sector. Simple !
I don't understand how you people say these things !

kettykin:
The answer is very simple, weakocracy. Government of the weak by the weak for the weak.
Nigeria is neither capitalist, communist, nor socialist. What it practices is Weakoconomy—an economy run by weak, uncreative parasites who hijack government power to enrich themselves while the truly hardworking and intelligent struggle against systemic sabotage. These leeches allocate oil wells to themselves, hoard national wealth, and then have the audacity to flaunt their stolen fortunes, mocking those who grind daily for success.

Dangote, for instance, has been handed monopoly after monopoly—on rice importation, cement production, and even fuel importation, courtesy of NNPC. Not because of exceptional business acumen, but because the system is rigged to create state-sponsored oligarchs who pretend that no billionaire can emerge without government blessings. Meanwhile, real entrepreneurs are crushed under policies designed to keep them from rising.

But u pple claim to have the highest number of billionaires na

Come Ondo state naaaa

Dangote choose the land of peace, if not amosun the Lagos refinary suppose be in ogun state, this shows no one can do it all.

Dangote didn't just love the south West because of it's sea access, after all, there is sea access in the south south. South West represent Nigeria's most civilised region.
Just name it, from security, productive youth, raw materials accessibility, urbanisation and large market which is proximity to other regions.

Sentiment aside, why will I have an opportunity to invest in south western Nigeria and will choose waring south east where everything can be brought down in two hours by the order of one idiot in the UK.

Original Billionaire 💯🙌