Ex-Gov Amosun Destroyed Our Cement Factory In Ogun Twice Dangote
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President of Dangote Group, Alhaji Aliko Dangote, has openly declared that a former Governor of Ogun State, Senator Ibikunle Amosun, destroyed his planned cement factory in Itori zone of the State twice. The billionaire entrepreneur and philanthropist, however, did not specify the reasons for which Amosun carried out the act. One of those making the announcement on Monday in a widely viewed video circulating on social media was Dangote, who made the announcement with the current governor of Ogun State, Prince Dapo Abiodun, for whom he praised for having saved the day for the project. I think it is wonderful that we have it on record that the (cement) factory we are here today in Itori, you see it is all thanks to His Excellency (Dapo Abiodun) that we came back. “That factory was destroyed twice. We started, Governor Amosun pulled it down. The second time we started again, he pulled down not only the factory, including the fence, so we left.”. “But, up to this moment, we are coming due to His Excellency my brother, Prince Dapo Abiodun. We are now back,” Dangote said. Don’t forget that Amosun, two-time Senator of Ogun Central senatorial district, was governor of Ogun State from 2011 to 2019. The company, as reported by our correspondent, contracted a foreign company to construct the cement factory in 2023 during the signing of the agreement. The new integrated cement plant, upon completion, will increase the local capacity of Dangote Cement to 41.25 million tons per year and overall African capacity to 57.6 million tons per year. He said the Itori Cement Plant will add even more to Nigeria’s cement export capacity and therefore the possibility of even greater diversification and foreign exchange inflows into the economy. As Dangote puts it, the venture would diversify the local economy by generating thousands of indirect and direct employment and will accelerate economic growth in the Itori axis of Ogun State. Additionally, Ancillary companies, he went on to say, would arrive at the axis who will be seeking to utilize the advantage of the location of the cement factory to sell service and merchandise to workers, contractors, and other stakeholders. He reported that the newly commissioned cement factory was founded on Dangote Group’s vision to locally produce commodities previously imported even when raw materials that could be used to domestically fabricate the same were in abundance. Related Posts Market offers rent-now, pay-later answer to tenants. Prospective renters in Nigeria can now breathe a sigh of relief as a rental solution that simplifies renting and facilitates Read more Rwanda retreat: Nigerian governments discuss complex issues. The Nigerian governors will attend and participate in a three-day leadership retreat in Kigali, Rwanda, designed to provide a platform Read more Shaibu: I support Obaseki and seek governorship. Philip Shaibu, the deputy governor of Edo State, has pledged to remain loyal to Edo State’s governor, Godwin Obaseki, despite Read more Citigroup expects more foreign investment in Nigeria and others despite FX turmoil. Citigroup Inc. has stated that Nigeria, Angola, and Kenya are among the African nations that are anticipated to attract more Read more Olawale Moses OyewoleOlawale Moses Oyewole is an adept writer who stays on top of current events and curate informative and engaging articles for his readers. He is a digital strategist who help brands gain online visibility.
Again, Dangote Refinery Cuts Fuel Price
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This latest price cut comes after fuel landing cost dropped to N774.82 per litre, below Dangote Refinery’s N825 ex-depot prices. But as opposed to the February 26, 2025, price cut, Dangote Refinery failed to confirm the new cut in prices. Reports says that he action is occurring at a time when the NNPC and Dangote, two titans in Nigeria’s downstream petroleum industry, are engaged in a price war. The Independent Petroleum Marketers Association of Nigeria’s spokesman, Chinedu Ukadike, confirmed the report. “It is true. There is speculation that the price of imported products is now lower. That is the reason for the price war. “It is the beauty of deregulation. Dangote has millions of litres and would not want any external force to take its market share. So it would have forced the price reduction,” he said. Concurrently, it is unclear if Dangote’s recent reduction in petrol prices will find its way into retail price reductions in its filling stations, including MRS, which sells at N860 per litre in Lagos and N880 in Abuja. Related Posts Nigeria and the British Monarchy: A Legacy of Visits and Diplomatic Ties Throughout history, Nigeria has enjoyed a unique relationship with the British Monarchy, marked by mutual visits that reflect shared historical, Read more Peter Obi Dismisses Merger Talks Ahead of 2027 Election, Calls for Unity Against APC Peter Obi, the Labour Party’s (LP) 2023 presidential candidate, has clarified that no merger agreements are in place with the Read more Obasanjo Reveals Yar’Adua Rejected Dangote’s $750 Million Offer for Refineries Former President Olusegun Obasanjo has revealed that his successor, Umaru Musa Yar’Adua, turned down a $750 million offer from Aliko Read more NNPCL Invites Obasanjo to Tour Port Harcourt Refinery Following His Criticism The Nigerian National Petroleum Company Limited (NNPCL) has extended an invitation to former President Olusegun Obasanjo to visit the Port Read more Olawale Moses OyewoleOlawale Moses Oyewole is an adept writer who stays on top of current events and curate informative and engaging articles for his readers. He is a digital strategist who help brands gain online visibility.