Aliko Dangote’s, Dangote Industries Ltd is set to build Nigeria’s largest seaport in Ogun State, specifically in the Olokola Free Trade Zone.
This massive project is expected to significantly boost the state’s economy and cement Nigeria’s position as a major player in the maritime industry.
The seaport project is a significant investment in Nigeria’s infrastructure development. The port will provide a major boost to the country’s maritime industry, creating jobs and stimulating economic growth. The project is also expected to increase trade and commerce in the region, making Ogun State a major hub for business and industry.
In addition to the seaport project, Dangote is also investing in a 6 million metric tons per annum cement factory at Itori, which is slated for completion by November 2026. This project had previously been halted due to opposition from former Governor Ibikunle Amosun, but has now resumed thanks to the support of current Governor Dapo Abiodun.
The cement factory project is expected to have a significant impact on the state’s economy. The factory will create jobs and stimulate economic growth, making Ogun State one of the fastest-growing economies in Nigeria. The project will also increase the state’s cement production capacity to 18 million metric tons per annum, making it the highest cement-producing state or region in Africa.
Dangote’s commitment to Nigeria’s economic growth is evident in his company’s various investments across the country. As the largest cement producer in Sub-Saharan Africa, Dangote Cement Plc has a production capacity of 52.0 million tonnes per year across ten countries. The company’s goal is to make Nigeria self-sufficient in cement production, and it has already made significant strides in achieving this objective.
The seaport and cement factory projects are expected to create thousands of jobs and stimulate economic growth in Ogun State. The projects will also increase trade and commerce in the region, making Ogun State a major hub for business and industry.
Dangote’s investment in the seaport and cement factory projects is a significant boost to Nigeria’s economic growth. The projects will create jobs, stimulate economic growth, and increase trade and commerce in the region. With these projects, Dangote is poised to make a significant impact on Nigeria’s economy, and his investments are expected to have a positive ripple effect on the country’s growth and development.