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.