A cutting-edge facility will be built as a result of this strategic alliance between the two businesses, which will strengthen the local economy and give Ogun people job possibilities.
The new facility will greatly improve the nation’s production capacity and aid in meeting Nigeria’s expanding demand for building materials by having the ability to produce over 10 million metric tonnes of cement yearly.
The project is expected to drive economic growth and development, and support the government’s efforts to diversify the economy.
Born in Nigeria in 1957, Dangote is the founder and chairman of Dangote Group, a conglomerate of companies with interests in various sectors such as cement, sugar, flour, salt, and beverages.
Dangote began his business ventures at a young age, starting with trading in commodities such as rice, sugar, and cement. Over the years, he has expanded his business to become one of the largest industrial groups in Africa.
Dangote’s success can be attributed to his entrepreneurial spirit, risk-taking abilities, and deep understanding of the Nigerian market. He has a strong track record of identifying business opportunities and turning them into successful ventures.
Dangote Group operates in several African countries, including Nigeria, Ethiopia, Senegal, Cameroon, Ghana, and others, and has plans to expand to additional markets in the future.
Dangote is also the driving force behind the Dangote Oil Refinery, a massive 650,000-barrel-per-day oil refinery soon to launch in Lagos, Nigeria.
The world-class facility will be one of the largest oil vertically integrated refineries in the world and is expected to significantly reduce Nigeria’s dependence on imported fuel.
The refinery is a part of the Dangote Oil Refining Company and will produce gasoline, diesel, jet fuel, and petrochemicals.
Nigerian President Muhammadu Buhari is set to commission the refinery, marking a significant milestone in Nigeria’s efforts to develop its domestic refining capacity and reduce its reliance on imported fuel.
In addition to his business interests, Dangote is also known for his philanthropic efforts. He has established the Dangote Foundation, which focuses on improving the quality of life for people in Africa by supporting education, health, and economic empowerment initiatives.