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Dangote Celebrates 59th Birthday, Commissions $1 Billion Cement Plant in Edo

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Dangote 59th birthdayThe Dangote Group owned by Africa’s richest man, Aliko Dangote on Sunday began construction of a $1 billion cement factory in Okpella, Edo state. It was a double ceremony as the billionaire businessman was also born on Sunday, April 10th.

The six million metric tonnes per annum (mmtpa) Okpella plant and the upcoming six mmtpa plant in Itori, Ogun State will increase the company’s local production capacity to 41 mmtpa annually.

The project which will be completed within 26 months will create 6,000 direct jobs and 45,000 indirect jobs in the community.

Speaking at the ceremony, Dangote said that the project will meet local demands for cement, as well as surplus for export and foreign exchange generation. He also urged other investors to look at other investment opportunities in Nigeria, saying the Federal government have created investor friendly policies to boost investments.

He also said that economic reforms in the areas of tax, innovations in rural finance, and investment in infrastructure made him invest in the state.

Gov. Adams Oshiomhole of Edo State said that the investment will reduce the state’s dependence on federal allocation and boosts its internally generated revenue.

The Monarch of Okpella, Alhaji Yusuf Dirisu also pledged support from his community while commending the commitment of the Dangote Group to the establishment of the plant.

Minister of Solid Minerals, Kayode Fayemi and Minister of Trade, Industry and Investment, Okechukwu Enelamah represented by Aisha Abubakar, the Minister of State for Trade, Industry and Investment who both lauded the efforts of the business mogul to diversification of the economy and overall nation building.

Photo Credit: Instagram.com

12 Comments

  1. Ba

    April 10, 2016 at 9:13 pm

    Happy birthday to the business mogul.

  2. Fab

    April 10, 2016 at 9:31 pm

    My birthday mate of life.

    • goldfinch

      April 10, 2016 at 10:04 pm

      Happy Birthday Fab 🙂

  3. Hmm

    April 10, 2016 at 10:40 pm

    I just realized that while many are weeping poverty, no light, no fuel, dollar high, salary low; some others are making more money in the same economy. Nigeria my Nigeria!!!

  4. Tt

    April 10, 2016 at 10:56 pm

    This man is a rogue! He owes suppliers for months and doesnt pay, its common knowledge. Cbn gave him billions of $ to invest in another country which is illegal, whereas common business men dont have access to forex for their own legit businesses, what a shame! We celebrate mediocrity

  5. lucia

    April 11, 2016 at 1:11 am

    I guess Oshomole has starks in the Plant! Mumurist Nigerians! Dangote is taking over every sector of the economy and you are there applauding him! After he has successfully destroyed other Cement plants from operating in Nigeria! He is doing the same with refineries now and you are there applauding him! After the rot I saw the last time I moved back to Nigeria to try to drive the real sector,it became very clear that Dangote had a serious strategy for the space called Nigeria and with the help of greedy politicians he has gone far, but the God of Abraham ,Isaac and Jacob will not allow it to come to fruition as always!

  6. Big Tee

    April 11, 2016 at 6:23 am

    Alhaji Putin

  7. Kandy

    April 11, 2016 at 8:18 am

    The same country that people are living in abject poverty, some people are still thriving!!! Some people are not feeling this no light or fuel syndrome… Its time to look beyond government and take our destinies in our own hands. Some few opportunities have Nigeria in their hands.

  8. Tee

    April 11, 2016 at 9:21 am

    Na true say the guy dey sabotage others but ehhhh e dey provide employment for people too and way better than our politicians that enrich EU countries and Dubai by stacking their cash there. Thieving politicians, wives and children, biko if you reading this post, abeg make una pack some of una stolen government money to Naija to invest in manufacturing. Imagine we still import toothpick, tooth brush, fish, rice, palm oil, electronics, we sell wood to China but we buy doors finished products from them, we get raw materials scattered all over the country but we still import finished goods. Why not bring expertise to set up these manufacturing companies here in Naija to create employment and better our economy. You show are less concerned and not bothered cos it’s easy to fly jet to any country for the luxury you don’t have back home. Some of you just build and build properties all over Abuja and Lagos cos you’re scared of going into business cos you don’t know the dynamics. When next you travel on your luxury holiday, do research on some lead, mica, gemstones, iron ore, rutile, wolframite, coal, to mention a few and see what you can do to help your dear country.

    • ElessarisElendil

      April 11, 2016 at 12:44 pm

      By sabotaging others, he’s also sabotaging the people they employ. Basically, Dangote giveth and Dangote taketh away.

    • lucia

      April 11, 2016 at 6:50 pm

      For your information Dangote’s employment is all sham does not pay workers and contractors! Very callous being!

  9. LOL

    April 11, 2016 at 1:13 pm

    HBD to a great business man!!!
    Sycophants…in the same breath.
    If this gathering was in a civilised country…people would be up in arms about conflict of interest. They’d investigate lobbying. Such as these remind me we r in the dark ages of Machiavellian basics! Although despicable….I see how people could have gone along with Chairman Mao.

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