Dangote Industries Limited is advancing in its efforts to augment the production of cement to further expand Nigeria’s capacity for exporting cement and enhance the economy by increasing diversification and foreign exchange inflow. The demand for cement is mostly driven by urbanization, infrastructural and housing growth, as well as an increase in population. With Sub-Saharan Africa boasting of a population of 1.1 billion, the factors have pivotally increased the demands of cements in Africa. In fact, the United Nations have predicated the Sub-Saharan region would witness a population increase of over 2.1 billion by 2050. Two-thirds of this predicted population is further expected to be absorbed by the urban environment, which will be the abode of an additional 950 million people.
Also, the World Bank also regarded Africa as the fastest growing region in the world. With every expansive development that the region experiences, there is an urgent need for infrastructural development such as housing and commercial buildings. This creates an important opportunity for Dangote cement, as it aims to solve the demands for cements. Evidently, the business moves of Dangote Industries like the signed agreement with China Simona International Engineering to construct a 6 million ton per year cement plant in Itori, Ogun State, shows the company’s commitment to bridging this gap.
The project posed to enhance domestic economy via creation of jobs.
This agreement was signed by Aliko Dangote, the Chairman of Dangote Industries, along with the group’s executive director, strategy, capital project and portfolio development, Devakumar Edwin. China Simona Engineering was also represented by Yin Zhisong and Liu Renyue, the group’s President and Chairman respectively. Dangote noted that the cement plant was poised to further increase the local production capacity to about 41.25 million tons per year, totaling Africa’s production capacity to 57.6 million tons per year. According to him, this development would boost Nigeria’s capacity to export cement and enact immense diversification in its economy.
Dangote also explained that the project would overtly enhance the domestic economy via the creation of numerous direct and indirect jobs, as well as driving the economic growth in the Itori region, as other ancillary businesses would take advantage of the opportunity in providing other services in the region. He added that this development was in line with the group’s vision of promoting the creation of locally made goods and curb the country’s reliance on importation in spite of the bountiful raw materials in the country.
Company had recorded immense growth across all areas over the last decade.
Simona was regarded as one strategic partner that has been immensely helpful in implementing important projects in the company. The President of China Simona Engineering, Yin Zhisong expressed complete satisfaction and confidence in the commitment of Dangote Group to construct cement plants across Africa. He noted that the company was honoured to have overseen the construction of this cement plant for Dangote Cements. On the growth of Dangote Cement, Aliko Dangote recently pointed out that the company had recorded immense growth across all areas over the last decade.
In a recent statement, it was disclosed that the group’s volume was almost at 30Mta, as well as an increase in the capacity was experienced to about 51.6 Mta. He also noted that the company was presently exporting cement across 5 countries in Africa. Dangote Cement resolutely pointed that it was its strategy to steadfast and focused on organically growing across Nigeria and Africa, whilst helping in the realization of regional integration in Africa by enhancing trade within Africa. The company also promised to deliver high profits and values to its shareholders. The company also pointed its resolve to remain transparent towards environmental impacts while taking necessary actions on climate issues.
Dangote promises to build plants across west and north Africa.
He further promised to build plants across the West and Central Africa to completely curb foreign importation of cement. The plant is however predicted to have two Lines x 6,000 TPD Clinker Production with an installed capacity of 12,000 TDP Clinker Production for its operations. This would be Dangote’s fourth cement plant constructed in Nigeria as a greenfield project. Presently, the company leads Africa in the production of cement with 51.6 Mta across Africa.
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Dangote boosts Nigeria’s cement production – Dangote to build a 6 million ton per year cement company in Itori, Ogun state. – Express your point of view.
Dangote company has a very strong monopoly in the production of cement. It is actually possible for him to boost cement production. I just hope it’s easy to afford.
It is encouraging to see that Dangote Industries Limited is making progress in its plans to increase the country of Nigeria’s cement production in order to further boost the country’s capability for exporting cement.
This decision by Dangote will be beneficial to the economy as it will increase both the rate of diversification and the inflow of foreign exchange.
The growth of urbanization, infrastructure, and housing, as well as the overall population, are the primary forces behind the rise in the demand for cement.
It is anticipated that two-thirds of this anticipated population will move into metropolitan areas, which will become the homes of an extra population.
This presents a significant potential for Dangote Cement, as the company seeks to satisfy the rising demand for cements.
This new venture would significantly increase Nigeria’s export capacity for cement and bring about a significant diversification of the country’s economy.
The corporation emphasized that it is committed to maintaining transparency regarding environmental concerns while simultaneously taking the required efforts to address climate change.
Dangote to build a 6 million ton per year cement company in Itori, Ogun state. Government need to encourage other cement company too. Dangote has done well
As the country’s export capacity for cement continues to grow, it is heartening to see that Dangote Industries Limited is making headway in its plans to increase cement production in Nigeria.
There is an urgent need for infrastructural development. This creates an important opportunity for dangote cement business and also it is advantageous to other businesses.
Dangote Industries Limited, which aims to enhance Nigeria’s cement production so that the country can increase its capacity to export cement, has made some positive headway in this direction.
The main factors driving the increase in cement demand are the expansion of urbanization, infrastructure, and housing, as well as the overall population.
This is a good one Dangote want to increase the production of cement so the cement can circulated well in the country if the production is increased
We want people like Dangote who will help the country of Nigeria to become fully industrialized.He is boosts Nigeria’s cement production and hope he will do more things.
It is great to see that Dangote Industries Limited is moving on with its plans to expand Nigeria’s capacity to export cement by increasing the country’s cement production.
The impact of Dangote in Nigeria can never be over emphasized. His contributions to the industrial development of the nation are evidence in several quarters of the country and now he is set to build a 6 million ton per year cement company in Itori, Ogun state.
Dangote Industries Limited’s efforts to improve Nigeria’s cement output and export capacity are encouraging.
Development of infrastructure is urgent. Dangote Cement and other firms benefit from this.
The building of this cement factory will really go a long in building all aspects of the economy of the country because it will improve our foreign earnings and provide jobs for thousands of people.