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Alhaji Aliko Dangote, President of Dangote Group, has announced plans to develop Nigeria’s largest port in Ogun State.
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The port will be located in the Olokola Free Trade Zone and is expected to boost the state’s economy.
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Dangote also disclosed that his company has built two new cement plant lines in Itori, Ogun State,
The President of Dangote Group, Alhaji Aliko Dangote, has announced plans to develop Nigeria’s largest port in the Olokola Free Trade Zone, Ogun State. Dangote made the disclosure during a courtesy visit to Governor Dapo Abiodun in Abeokuta on Monday.
Dangote credited the state’s business-friendly policies for attracting renewed investment, noting that Ogun had emerged as Nigeria’s leading manufacturing hub.
He also recalled that the company previously abandoned its investment in the Olokola Free Trade Zone due to setbacks but had now revived the project, citing improved conditions.
“Our factory at Itori was demolished twice. During the second incident, not just the factory but the fence was pulled down, so we abandoned the project. However, due to Governor Abiodun’s efforts, we have returned. Anyone visiting the factory now would be amazed at the progress achieved,” Dangote said.
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He added, “Thanks to your policies and a favourable business climate, we are returning to Olokola. Plans are underway to construct Nigeria’s largest port.”
Dangote also disclosed that his company has built two new cement plant lines in Itori, Ogun State, with a combined capacity of six million metric tonnes per annum. An additional 12-million-metric-tonne plant has been sited at Ibeshe.
Dangote Refinery Reduces Fuel Price Again, Now N815 per litre
The price drop in premium motor spirit(petrol) from #825 to #815 by Dangote Refineries ex-depot has caused a significant impact on the petroleum market.
This reduction came as the landing cost of fuel dropped to N774.82 per litre which is a considerable decrease of N50.28 from the previous N825 per litre offered at the loading gantry of the Dangote Petroleum Refinery.
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