Connect with us

Financial News

Dangote Cement’s $1 billion New Factory in Edo begins Operation

Published

on

Share with friends

Africa’s leading cement manufacturer, Dangote Cement Plc, has said that its 6 million metric tonnes per annum factory in Edo State, with an estimated cost of $1 billion is completed and set for commissioning.

The new factory is part of efforts by Dangote Cement to boost cement production in the state and across the country.

The disclosure is contained in a statement issued by Dangote Cement, saying that the plant which is sitting on 1,000-hectare land, aligns with the Governor Godwin Obaseki-led administration’s plan to diversify the state’s economy and attract investment into its productive sector.

The Director, Stakeholder Management at Dangote Cement Plc, revealed that the local community made an input in the construction of the plant as engineers, technicians and other members of the community worked on it till completion.

He was quoted as saying, “In Nigeria, we have a population of over 200 million people. The per capita consumption of cement in Nigeria is low. We still need to do more to make the cement get to the poorest of the poor.”

The statement by the company pointed out that the plant was built by Sinoma International Engineering Company with 1,500 local workers collaborating with the Chinese engineers on the project.

It also added that the plant is expected to employ at least 6,000 workers when it commences operations.

If Dangote can invest $1 Billion in his Cement industry then in coming days, his Net worth will increase and he will draw closer on Forbe list of richest men.

Vital Information
Do you know Jesus loves you so much that He died on the cross of Calvary for you and I to be set free from the captive of the evil one? Living a life of sin hurts Him. Do you know He is coming to take His people home (heaven)? Now the real question is “Are you Ready?

Trending

Cyber Leaker Interface ~||~ Copyright © Wasplight 2020

error: Content is protected !!