News hotlines: 08111813019, 08025868561
Email: firstname.lastname@example.org, email@example.com
The epi-climax of backward integration in cement production will be noticed from 2020 when Dangote Cement will become the largest exporter of cement in sub-Saharan Africa. This was the submission of the elated Aliko Dangote, President of Dangote Industries Limited, producers of Dangote Cement at a recent gala night to fete key distributors in Lagos.
He said he has been driven by natural commitment to fast-forward Nigeria’s economic development through continuous innovation, value creation and investments.
According to him, with the management intensifying efforts at actualizing the planned increase, Dangote Cement’s exports to other countries are targeted to rise to $600m annually.
In addition, we also have new terminals coming up at Onne and in Lagos and we are hopeful the congestion at Apapa will soon be behind us helping us meet our export targets.”
Making further remarks at the 2018 Dangote Cement Distributors’ Award Night, he said that Dangote Group is committed to ensure that Nigeria becomes self-sufficient in all the sectors where it operates, such as cement, agriculture, mining and petroleum.
“Let me reiterate that our continuous efforts to innovate, create value and invest in Nigeria are borne out of our firm belief in the vast economic potential of Nigeria. This has also informed our desire to invest massively in agriculture in some states across the country. Our target is to ensure that Nigeria becomes self-sufficient in all the sectors where we play; cement, agriculture, mining and petroleum. We are leaders in all the sectors where we play, and this demands continuous improvement and partnership with you, our customers.”
“We are front-runners in keying into the diversification of the economy by the Government. We have continued to roll out massive agricultural projects across the country. We have started in rice, while plans are underway for dairy farming. Our push for backward integration in providing our own raw materials on a massive scale has led to the planned investment of $4.6 billion over the next three years in sugar, rice and dairy production alone. That will eliminate the country’s reliance on imported food, and the foreign exchange outflow that comes with it,” he added.
While commending the award winners for their commitment, he noted that the ceremony was to celebrate the Group’s valued customers and distributors for their unflinching partnership in ensuring that Dangote cement products remained the first choice for construction purposes across the country.
“You have made Dangote Cement become a household name and the product of choice among cement users in Nigeria. Our cement plant in Obajana, Kogi State, is already the biggest in Africa. We are building the fifth line, and hopefully it will come on stream early next year and will make its production 16.25 million tonnes. The cement plant and its sisters in Ibese, Ogun and Gboko, Benue have long been the bedrock of our leading role in the cement sector.”
The overall National Best Growth customers rewarded were D.C. Okika Nig. Ltd, Lafenax Nig. Ltd., Gilbert Igweka Global Concept, Chinedu & Sons Ltd, and Kazab Heritage Ltd while Corporate Customers such as CCECC Nig. Ltd, ITB Concrete, Julius Berger Nig. Ltd, Dantata & Sawoe Construction Company, EXTEX Group and Setraco Nigeria Ltd were given recognition awards.
Appreciating the company, the overall national winner, Mrs. Beatrice Okika, of D.C. Okika Nigeria Ltd thanked Dangote Cement for honouring her and other winners with diverse gifts which she said has encouraged her to do more volumes. She described Dangote Cement as the perfect partner in business with lots of incentives.
Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.