When he’s being accused of plans to monopolise the oil sector in Nigeria, the President of Dangote Industries Restricted, Alhaji Aliko Dangote, has been invited through President Brice Nguema of Gabon to put money into cement and fertiliser manufacturing within the nation.
Consistent with a commentary through the media administrative center of Dangote Workforce, the billionaire was once invited to discover funding alternatives in cement and fertiliser in Gabon.
“President Brice Oligui Nguema of Gabon has invited the President and Eminent Government Officer of Dangote Industries Restricted, Aliko Dangote, to put money into cement and fertiliser manufacturing in Gabon.
“The President urged Dangote to explore potential investment opportunities in the country’s cement and fertiliser sectors, specifically urea and phosphate production,” the Dangote Workforce said.
Consistent with the commentary, Dangote had talks with Nguema and alternative lead govt officers throughout the discuss with.
“The talks concerned about how Dangote Industries may just give a contribution to Gabon’s monetary expansion through starting cement and fertiliser vegetation, which might be necessary for the rustic’s infrastructure construction and agricultural productiveness.
“President Nguema expressed fondness concerning the doable partnership, highlighting Gabon’s loyalty to making a conducive situation for international investments.
“He noted that the collaboration with Dangote Industries would bring significant benefits, including job creation, technology transfer, and enhanced industrial capacity,” the commentary added.
Dangote had underscored his corporate’s willpower to fostering economic growth at the continent.
He emphasized that making an investment in Gabon’s cement and fertiliser sectors aligned with Dangote Industries’ strategic eye of increasing its footprint and supporting sustainable construction throughout Africa.
“We expressed pleasure concerning the alternative to put money into Gabon, pronouncing the purpose was once to give a contribution to the rustic’s financial diversification and industrialisation efforts.
“By leveraging our expertise in cement and fertiliser production, we aim to support Gabon’s infrastructure and agricultural sectors,” Africa’s richest guy famous.
Dangote Workforce mentioned the discuss with signified an important step in opposition to deepening financial ties between Nigeria and Gabon.
The corporate mentioned that because it endured to discover and finalise funding alternatives, each international locations expected mutual advantages that might propel financial exit and regional integration.
“The possible funding through Dangote Industries in Gabon is predicted to reinforce the rustic’s business park, making sure a gentle provide of very important fabrics for building and agriculture.
“This construction aligns with President Nguema’s eye of remodeling Gabon right into a assorted and self-sustaining economic system.
“In the coming months, further discussions and assessments will be conducted to finalise the investment plans. The collaboration between Dangote Industries and the Gabonese government holds promise for a robust partnership that will significantly impact Gabon’s economic landscape,” it added.
Recall that Dangote lately mentioned the corporate would not put money into metal to steer clear of being tagged as a monopolist.
This got here upcoming the Eminent Government of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, said that the diesel produced through the Dangote refinery had the next sulphur content material than imported ones; a declare Dangote described as an effort to demarket his refinery.
Ahmed additionally mentioned the rustic would proceed to import gas to prohibit the Dangote monopoly.