Aliko Dangote plans to build Nigeria’s largest seaport in Ogun State, revitalized by positive political conditions. Additionally, he has resumed work on an $800 million cement factory, expected to be operational by November 2026. These developments underline Dangote’s impact on Nigeria’s industrial growth.
The President of the Dangote Group, Aliko Dangote, has announced plans to construct Nigeria’s largest seaport at the Olokola Free Trade Zone located in Ogun State. This decision follows a favorable political climate under Governor Dapo Abiodun, which has led to renewed interest in the region. Dangote stated, “We earlier on abandoned our vision of investing in the Olokola Free Trade Zone, but because of Governor Dapo Abiodun’s policies and investor-friendly environment, we are back and … plans are under way to construct the largest port in the country.” However, no further details regarding the project have been disclosed.
In addition to the port, Dangote confirmed the resumption of a significant $800 million cement factory project situated on 533 hectares near Itori, Ogun State. This facility is anticipated to open by November 2026 and will have an annual production capacity of up to 6 million tonnes. The delays experienced were attributed to opposition from former Governor Ibikunle Amosun, despite the existence of a 12 million tonne cement plant in Ibese. Upon completion, Ogun State will emerge as Africa’s leading cement-producing region.
The Dangote Group is involved in 17 different sectors spanning industrial and agricultural industries. Aliko Dangote himself is recognized as “Africa’s richest man,” with Forbes estimating his net worth at $24 billion, primarily due to his substantial 92% ownership of Dangote Petroleum Refinery & Petrochemicals.
In conclusion, Aliko Dangote’s commitment to developing Nigeria’s largest port at the Olokola Free Trade Zone signals a positive shift in the investment landscape of Ogun State. This initiative, alongside the revival of the cement factory project, underscores Dangote’s significant role in enhancing the region’s industrial capabilities. The emergence of Ogun as a key player in cement production further strengthens its economic prospects, marking a pivotal moment in Nigeria’s development.
Original Source: www.globalconstructionreview.com
