Nigeria s Dangote Cement Mulls Factory Expansion naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
Stakeholders in the value chain, including local processors and growers, have expressed dismay over the development, saying it would reverse the gains recorded in the last few years.
However, some observers have blamed millers for mopping up paddy rice and processing it in piecemeal, to attract more profit, thereby sabotaging the effort of the federal government in making rice affordable to Nigerians.
President Muhammadu Buhari had in December, 2020, directed that the four borders that were closed in 2019 be reopened. Some traders told our correspondents that even while the border closure lasted, the commodity was a common sight in almost every shop.
Aliko Dangote
Dangote Industries Ltd has expressed optimism that its cement expansion plan and fertiliser investments will open new trade routes for the company and Nigeria under the African Continental Free Trade Area (AfCFTA) that kicked off on January 1.
Already, the cement company, despite an installed capacity of 29.3Mta in Nigeria, is targeting an expanded entity in-country and in Cameroon, while new plants will soon be ready for inauguration in Niger, Benin, Ghana, Cote d’Ivoire and Togo.
The conglomerate, in a statement at the weekend, quoted the President/Chief Executive, Dangote Industries Ltd, Alhaji Aliko Dangote, as saying that Africa needs to deliberately improve its per capita consumption of cement in order to aid infrastructural development by stimulating further demand and forcing down the cost of the commodity.
Kidnappers abduct 20, kill one, as police foil robbery in Nasarawa
On
By David Odama
One person was reportedly killed, yesterday, with over 20 others abducted by gunmen along Mungi-Buga in Gwari-Gadabuke village, Toto Local Government Area of Nasarawa State.
The 20 kidnapped victims were said to be travelling in three vehicles while the former Education Secretary with Nasarawa local council, Mallam Salihu was killed at the scene of the incident while travelling to Toto from Nasarawa.
Gadabuke Emirate Council Secretary, Abdullahi Baba, who confirmed the incident, said the gunmen in their numbers came out from the bush to attack the vehicles plying the road where they abducted passengers in three commercial vehicles.