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Dangote Reveals Plan To Build 6 Mta Cement Plant In Itori, Largest Seaport At Olokola, Ogun state

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Dangote

Dangote Reveals Plan To Build 6 Mta Cement Plant In Itori, Largest Seaport At Olokola, Ogun state

Dangote reveals plan to build 6 Mta cement plant in Itori, largest Seaport at Olokola and Ogun state. He said Ogun State is one of the most attractive investment destinations in Nigeria.

Africa’s foremost Industrialist and President of the Dangote Industries Limited, Aliko Dangote, has disclosed his plan to build in Ogun State, a multi-billion-dollar Seaport, which will be the largest in Nigeria.

He also said two new lines with a capacity of 6.0 million metric tons per annum, (Mta), for the cement plant is being constructed at Itori

Addressing the Ogun State Executive Council led by the Governor, Prince Dapo Abiodun during a courtesy visit, to the governor in his office at Oke-Mosan, Abeokuta, Dangote said he has decided to return and invest in Ogun State because of the Prince Dapo Abiodun administration’s vision and deliberate policies that focus on attracting investors, as well as the investor-friendly climate that exists in the state.

He said Ogun State is one of the most attractive investment destinations in Nigeria, positioning itself as the manufacturing ‘bedrock’ of Nigeria.

According to him:”We had earlier abandoned our vision of investing in the Olokola Free Trade Zone (OKFTZ), but because of your policies and investor-friendly environment, I want to say we are back and will work with the state government to return to Olokola, and plans are underway to construct the largest port in the country,” he pledged.

“I would especially like to commend, in a special way, my good friend and brother, Your Excellency, the governor of Ogun State, for your vision and deliberate policies that focus on attracting enterprises through immense support for the private sector, which is now attracting investors.

“Our factory at Itori was pulled down twice. When we started the second time, they not only demolished the factory but also the fence, so we left. But right now, because of His Excellency, our governor, Prince Dapo Abiodun, we are back. When you visit the factory, you will be surprised at what we have done.

Giving an update on the company’s ongoing projects in the state, Dangote said two new lines with a capacity of 6.0 million metric tons per annum for the cement plant is being constructed at Itori, while the 12 million metric tons per annum cement plant is also located at Ibeshe.

Upon completion, the Dangote assured, the total capacity of the company’s cement plants in the state would be in the neighborhood of 18 million metric tons per annum, making it the highest cement-producing state or region in Africa.

“With the contributions of other cement producers in the state, Ogun remains far ahead of other countries across Africa in terms of cement production,” he said.

Dangote Cement, according to the Dangote Group President, is the leading cement producer in Africa with a capacity of 52.0 million metric tons per annum across the African continent.

He added that 70 percent of the production is carried out in Nigeria, with the Obajana plant in Kogi State accounting for 16.25 million metric tons per annum, the largest in Africa.

He said investment in the manufacturing of the product has made the nation self-sufficient in cement, just as the country is now self-sufficient in fertilizer, with the surplus going to the export market, thus earning the nation the needed foreign exchange.

While noting that the company’s target is to make Nigeria self-sufficient in whatever it consumes, Alhaji Dangote informed that the company is currently meeting domestic demand for Premium Motor Spirit (PMS) from its 650,000 barrels per day refinery at Ibeju-Lekki, as well as refined aviation fuel and Liquefied Petroleum Gas (LPG).

Nigeria, he said, is a growing economy; hence the need for private companies to complement government efforts, assuring that his company would continue to demonstrate its belief in the nation and its people by making investments targeted at transforming the nation’s economy.

He appreciated traditional rulers and the people of Itori for their support and partnership, which enabled the smooth and speedy take-off of the cement plant, adding that the encouragement from the people of Yewaland had fostered smooth operations, assuring continued adherence to its Corporate Social Responsibilities to the host communities.

Responding, Governor Abiodun described the day the Dangote Refinery groundbreaking was performed in Lagos as “the day of heartbreak for the sons and daughters of Ogun State as they watched helplessly on television,” saying it was an indication that the project had left Olokola.

He said: “I want to thank you for coming back to Ogun State and also for your belief and trust in your country, Nigeria. I want to thank you for all that you have done, the number of people you have employed, and the impact you continue to make not just in this state, but in Nigeria as a whole.

“The way you selflessly continue to promote this country all over the world, we can’t thank you enough. Your life and story continue to be an inspiring narrative for all young men. You have excelled in everywhere you touch; you have the Midas touch.

“These are indeed giant strides. For us in Ogun State, we welcome your return to the state. Today is a historic day, March 17, 2025, the same March when you did the groundbreaking in Lagos for the refinery, and you are now coming back in the month of March to Ogun State.

“Not only have you chosen to complete Itori, but you have also chosen to come back and develop the biggest port in Nigeria. For this, I thank you.”

Dangote

Dangote

Abiodun emphasized that with the establishment of the Itori cement plant, proposed to produce six million metric tons of cement per annum, and the existing Ibeshe plant, producing 12 million metric tons, cement production in the state would total 18 million metric tons per annum, making it the largest cement producer in Nigeria and sub-Saharan Africa.

The governor lauded the company for not shirking its Corporate Social Responsibilities to the host communities, just as it is currently constructing the Inter-change-Papalato-Ilaro road, assuring that his administration is ready to work with the company for the good of the state and the nation as a whole.

Alhaji Dangote and his team later led the Governor to the New Cement Plant under construction at Itori.

The team was received by traditional rulers from host communities in Yewaland led by Olu of Itori, Oba Abdulfatai Akorede Akamo who praised Alhaji ALIKO for His patriotism as displayed in his many investments which have led massive job creation and communities development
The Governor and Alhaji Dangote entourage also inspected the ongoing Papalanto concrete paved road being constructed under the tax Credit scheme of the federal government.

Economy

PRP Demands Direct Federal Allocation to Local Governments

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PRP

PRP Demands Direct Federal Allocation to Local Governments

PRP demands direct federal allocation to local governments. The Peoples Redemption Party (PRP) has raised concerns over reported attempts by state governors to lobby the President against the direct disbursement of federal allocations to Local Government Authorities (LGAs).

In a statement issued on Tuesday, the party’s National Publicity Secretary, Muhammed Ishaq, reaffirmed PRP’s commitment to fiscal autonomy for LGAs, as upheld by the Nigerian Constitution and reinforced by the Supreme Court’s landmark ruling on July 11, 2024.

“It is disheartening that despite the clear legal framework ensuring the financial independence of local governments, some state governors are using their influence to undermine this democratic process,” Ishaq stated.

He emphasized that the Supreme Court’s directive for federal allocations to be sent directly to elected local government councils was intended to enhance transparency, accountability, and proper utilization of funds at the grassroots level.

The PRP criticized the practice of channeling funds through joint state-local government accounts, which has led to financial mismanagement by state governments.

PRP

PRP

The party warned that any attempt to redirect these allocations back to state control would violate constitutional provisions and weaken local government autonomy.

PRP insisted that LGA funds should be disbursed directly without interference, allowing elected councils to manage their resources efficiently, meet the needs of their constituents, and drive community development.

It also pledged support for local governments against any efforts to use their allocations to service debts not legitimately incurred for their benefit.

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Economy

Nigeria Senate Probes Cameroon’s Alleged Annexation Of Nigerian Mangrove Islands

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Senate

Nigeria Senate Probes Cameroon’s Alleged Annexation Of Nigerian Mangrove Islands

Nigeria senate probes Cameroon’s alleged annexation of Nigerian Mangrove Islands. The Senate has set up an ad-hoc committee to investigate the alleged annexation of the country’s mangrove islands and maritime territories by the Republic of Cameroon. The committee is expected to report back with necessary recommendations in the next two months.

As part of its resolutions, the Senate has urged President Bola Tinubu to take immediate steps to safeguard Nigeria’s territorial waters, including securing over 2,560 oil wells identified within the disputed mangrove islands in Akwa Ibom State.

The Senate leadership has also committed to engaging directly with President Tinubu to explore diplomatic solutions to the crisis.

Lawmakers during plenary on Tuesday, underpinned the need for urgent action to prevent further escalation of what they described as a “provocation by the Republic of Cameroon”.

Senate

Senate

Leading the motion under Orders 41 and 51, Senator Aniekan Bassey had raised an alarm over the economic and territorial implications of Cameroon’s encroachment into Nigerian territory.

Senator Bassey said that the affected mangrove islands, located in Efiat, Mbo Local Government Area of Akwa Ibom State, were not part of the territories ceded to Cameroon under the 1913 Anglo-German treaties or the International Court of Justice (ICJ) ruling of October 2002.

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Economy

Tension As Another Explosion Rocks Pipeline in Rivers

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Another Explosion Rocks Pipeline

Tension As Another Explosion Rocks Pipeline in Rivers

A second major pipeline explosion has rocked the Ogba/Egbema/Ndoni Local Government Area (ONELGA) of Rivers State, occurring just hours after a similar incident in Bodo, Gokana LGA.

The latest explosion struck a manifold connecting a federal pipeline in the Okwawriwa area on Tuesday morning, sending massive flames into the sky and raising fresh concerns about the safety of oil facilities in the region.

Another Explosion Rocks Pipeline

Another Explosion Rocks Pipeline

Another Explosion Rocks Pipeline in Ogba/Egbema/Ndoni Local Government Area (ONELGA) of Rivers State.

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