Economy
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, 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
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
Tension As Another Explosion Rocks Pipeline in Rivers

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

Pipeline Explosion Rocks Rivers Community
Pipeline explosion rocks Rivers community. An explosion has occurred in Bodo Community, Gokana Local Government Area (LGA) of Rivers State on Tuesday.
A resident of Bodo, reported that the blast took place on an onshore pipeline near the starting point of the Bodo-Bonny road.
He suggested that the explosion was likely an act of sabotage. He noted that it has not yet been linked to recent political tensions in Rivers State.

Explosion
While the connection to political threats remains uncertain, the residents believe that if left unchecked, the incident could embolden others and potentially reignite unrest in the Niger Delta.
Authorities have not commented on the incident.
Economy
UniCal Setup 25 Year Plan Ro Strengthen Workforce, Curriculum

UniCal Setup 25 Year Plan Ro Strengthen Workforce, Curriculum
UniCal setup 25 year plan to strengthen workforce, curriculum. The University of Calabar says it has developed a 25-year plan to strengthen its workforce and curriculum.
Florence Obi, vice-chancellor of the institution, disclosed this on Tuesday in Calabar during an interaction with the media.
The media interaction is part of activities lined up for the 50th anniversary of the institution and the 37th convocation ceremony.
Ms Obi noted that paucity of funds was a major challenge for any public university, adding that it was the reason for the increase in money paid by students.
She explained that this would enable management to meet the increasing cost of running the institution.
“The federal government pays our personnel costs. They don’t give us money to run the university. In fact, UniCal receives N13 million monthly as subvention which does not cover our electricity bill before solar was introduced.

UniCal Setup 25 Year Plan
The vice-chancellor noted that they could not continue running the institution as an on-campus programme alone and said with 50,000 Open and Distant Learning Programme students, the university would have enough money to maintain facilities.
She appealed to the media to help the institution sell its Open and Distant Learning Programme, noting that the graduates also enjoy the benefit of the on-campus students, such as the one-year National Youth Service Corps.
Ms Obi, the 11th VC of UniCal and the first female to hold the position, was appointed on September 10, 2020, and her tenure will expire in September 2025.
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