ADVERTISEMENT
  • The Membership Club
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Thursday, January 14, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Dangote Cement Plant Photo: Business Day

Dangote Cement Plant (Photo: Business Day)

Dangote Group starts $1 billion cement plant in Edo

byPremium Times
April 10, 2016
2 min read

The Dangote Group on Sunday started constructing a one billion dollars cement factory in Okpella, Edo State, to expand its cement production in Nigeria.

The News Agency of Nigeria reports that the six million metric tonnes per annum (mmtpa) Okpella plant and the upcoming six mmtpa plant in Itori, Ogun State, will increase the company’s local production capacity to 41 mmtpa annually.

The Okpella project, which is to be constructed within 26 months, will provide 6000 direct jobs and 45,000 indirect jobs in the community.

Kayode Fayemi, the Minister of Solid Minerals, said at the ground breaking ceremony at Okpella on Sunday that the cement plant was an evidence that the diversification agenda of the Federal Government was already working.

Mr. Fayemi said that the cement plant would be a model that would bring positive changes to the nation’s solid minerals sector in the areas of job creation, foreign exchange earnings and local content promotion.

He said that mining sector was currently contributing 0.34 per cent to the GDP and had potential to contribute over $25 million annually to the economy by 2025.

Mr. Fayemi advised other investors to take a cue from Dangote’s commitment and support to transform the nation’s economy through active participation.

Okechukwu Enelamah, the Minister for Trade, Industry and Investment, commended the expansion drive of Dangote Group through its commitment to liberate the country from cement importation, increased job creation and foreign exchange earnings.

“Dangote Group is the second largest employer of labour in the country, second to the Federal Government.

RelatedNews

Nigeria migrates all mineral titles to digital canvas expecting revenue windfalls

COVID-19: Lagos intensifies public sensitisation on second wave

Elon Musk is world’s richest man; Dangote still Africa’s wealthiest

American restauranteur alleges Dangote dated, broke her heart

“‎The Ministry of Trade, Industry and Investment will continue to partner with Dangote in providing the necessary support for investment growth in the country,” Enelamah said.

Mr. Enelamah was represented by Aisha Abubakar, the Minister of State for Trade, Industry and Investment .

Aliko Dangote, Chief Executive Officer of Dangote Group, said that local cement manufacturers were saving the country three billion dollars annually through cement import substitution.

Dangote adbanner 728x90_2 (1)

“The additional investment in the sector will guarantee that we always meet local demand as well as surplus for export and foreign exchange generation.”

Mr. Dangote urged other investors to explore investment opportunities in the country considering the Federal Government’s readiness to resuscitate the industrial sector through investment friendly policies.

“A key factor that drives investments in an economy is the presence of an investor-friendly business climate.”

Mr. Dangote said that economic reforms in the areas of tax, innovations in rural finance and investment in infrastructure created the enabling environment that made him consider investing in Edo State.

“Nigeria is a growing economy. Our developmental challenges are quite enormous and will require the combined efforts of government and private sector to overcome them.

“It is in this light that we are here to contribute our own quota to transforming the economy of Edo State as we have done elsewhere.

ADVERTISEMENT

“This project is only one of our several successful projects presently ongoing in parts of the country and outside in more than 15 other locations in African countries in line with our Pan African investment strategy,” Mr. Dangote said.

Governor Adams Oshiomhole of Edo State said that the establishment of the cement plant would increase the internally generated revenue of the state and reduce its dependence on federal allocations from oil wealth.

Yusuf Dirisu, the monarch of Okpella, commended the commitment of Dangote Group to the establishment of the plant, while pledging the community’s support to provide enabling environment for the investment to thrive.

(NAN)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government. For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour. By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

NNPC records 30 cases of fuel diversion in Borno

Next Post

PDP wins Ife Assembly rerun election

Premium Times

Premium Times

More News

Nigeria Stock Exchange (NSE)

NSE: Market sustains momentum, advances by N24 billion

January 13, 2021
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

Ardova seals pact to take over rival energy firm Enyo

January 13, 2021
Melee Kolo Kyari, NNPC GMD

NNPC remains committed to OPEC+ agreement, GMD tells global forum

January 13, 2021
Nigerian Economy

2021: Nigeria targets 11.95% inflation after missing single-digit plan for four years

January 12, 2021
UPCREDIT was the most preferred stocks Tuesday with 755.008 million units of its shares traded. The index is up by 0.06 per cent.

Nigerian stocks gain N76bn amid pressure on Dangote Cement, Ardova

January 12, 2021
Murtala Muhammed International Airport, Lagos [PHOTO CREDIT: lagos-airport.com/]

$48 Million Award: British court rules against FAAN over Lagos airport project

January 11, 2021
Next Post

PDP wins Ife Assembly rerun election

CAF Champions League: Nigeria’s Enyimba thrash Tunisia’s Etoile du Sahel

CAF Champions League: Nigeria's Enyimba thrash Tunisia's Etoile du Sahel

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps Address Nationwide
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.