In recognition of the importance of industrialization in expanding the economy, Dangote Industries Limited (DIL), a Pan-African company, has assured commitment to the continuous use of Nigeria’s ample raw materials to produce goods within the country. Mr. Tunde Mabogunje, the Regional Sales Director of Dangote Cement PLC in Lagos and Ogun, shared this information at the 13th Gateway International Trade Fair at the M.K.O Abiola Trade Fair Complex in Abeokuta. During the Group’s Special Day at the Fair, Mabogunje emphasized the company’s dedication to producing products in Nigeria by making use of the country’s plentiful raw materials.
He said the Trade Fair’s theme, ‘Boosting Economic Growth with Business Links, Trade, and Investments’, aligns with the Group’s core focus on local Manufacturing of goods using Nigeria’s rich raw materials instead of importing. The group investments in various sectors aim to add value to these raw materials and convert them into high-quality finished products. It aims to establish connections across various industries to enhance economic growth and encourage reverse integration. Ultimately, all focus is on advancing industrialization as a crucial factor in expanding economic diversification, he added.
Individuals have benefited employment opportunities.
Mabogunje emphasized DIL’s dedication to establishing connections that span the entire Economy and encourage backward integration. He highlighted DIL’s consistent presence at key trade shows nationwide as a way to showcase its support for Chambers of Commerce and Industry in driving economic growth through their initiatives. According to him, DIL stands out as the premier homegrown conglomerate in Africa, involved in a variety of sectors such as cement, sugar, salt, plastic products, property development, farming, transportation, telecommunications, steel, and the oil and gas industry.
By utilizing its various subsidiaries, the Group has successfully created employment opportunities for countless individuals in Nigeria. The ultimate goal of the company is to promote self-reliance in all sectors within the country. DIL food subsidiaries, Dangote Sugar Refinery, NASCON Allied Industries (Dangote Salt), and Dangote Rice are actively contributing to job creation through diverse initiatives. Through implementation of out-grower and backward integration programs, Dangote Sugar Refinery has created employment opportunities for numerous farmers residing in the local communities.
The new Fertilizer subsection has emerged as a dominant player.
Moreover, the Dangote Fertilizer’s emergence into the agricultural sector in Nigeria has made a significant impact, transforming the industry. Despite its recent establishment, the Fertilizer subsection has quickly emerged as a dominant player in the market. Interested individuals looking to become distributors, retailers, or consumers of fertilizer are encouraged to engage in discussions with the company’s representatives. Also, the new Dangote Petroleum Refinery is revolutionizing the industry by providing affordable fuel to the people of Nigeria. Since its recent launch, it has quickly become a game changer in the business world.
Another subsidiary, Dangote Sinotruck West Africa Ltd, a subsidiary located in Ikeja, Lagos state, provides a comprehensive selection of products and services to our valued customers. It specializes in assembling a diverse range of commercial vehicles, including heavy-duty trucks, medium trucks, light trucks, semi-trailers, and buses. Mabogunje praised the Ogun State Chamber of Commerce, Industries, Mines & Agriculture (OGUNCCIMA) for hosting the fair, highlighting Ogun State’s significance due to its high number of industries in Nigeria. He emphasized the state’s role as a vital transport corridor connecting Lagos, the commercial hub, to the rest of Nigeria, as well as neighboring countries like Benin Republic, Togo, and Ghana.
Related Article: ECCIMA commends Dangote’s economic support
During his speech, Engr. Mike Akingbade, President of OGUNCIMMA, commended the Dangote Group for their vital role in the success of the Gateway International Trade Fair. He said the Group plays a significant impact in boosting Nigeria’s economy and achieving self-sufficiency in important industries. Artisan groups at the fair acknowledged and praised the Group’s discounted products, noting the company’s dedication to uplifting local businesses and communities. Attendees at the Group’s exhibition took advantage of discounted prices to buy products, showcasing the company’s significant role in the area’s economy.