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ENTERPRISE

Dangote Cement Commissions $400M Zambia Plant

Dangote Group has commissioned its 1.5-million metrics ton per annum installed capacity cement plant valued at $400 million, and a 30 megawatts coal plant to power the factory.

The project was commissioned by Zambia President Edgar Chagwa Lungu at Masasiti district, Ndola,  Zambia, on Tuesday.

The event was graced by Vice President Yemi Osinbajo, some governors from Nigeria and the Nigerian business community, such as Adams Oshiomole, Edo State governor, Niyi Adebayo, former governor Ekiti State, Tony Elumelu, chairman UBA plc, Kola Jamodu, chairman, Nestle Nigeria plc, among other VIPs from Nigeria and Zambia.

Speaking at the event, Vice President Osinbajo said the projects was very significant to the bilateral relationship that existing between Nigeria and Zambia.

He commended the government of Zambia and the people for approving the projects and saw it to completion.

According to President Lungu, Zambia has continued enjoying very great cordial bilateral relationships with Nigeria over the years, assuring that his government will continue to encourage private sector initiatives.

“I invite other investors to genuinely come and invest in other sectors in Zambia,” he said.

Aliko-Dangote

Aliko Dangote, president, Dangote Group, in his speech,  said that the Zambian cement plant  was the sixth out of his14 cement plants in Africa to have started productions, saying that  four new plants will be commissioned before the end of this year.

“We are spearheading the economic revolution in several African countries; we ate a strong advocate of African investing in Africa, “he said.

Joseph Makoju, special adviser to Dangote, stated with the investment,  Nigeria can now proudly claim to be the economic leader in Africa because this day,  it is more about economic diplomacy rather than political diplomacy.

“So, what Dangote is doing here is strengthening Nigeria’s position indisputably as a leader of Africa, economically and politically, ” he said.

Elumelu lauded Dangote for the feats and describing him as the only private sector investor driving cross-border investments in Africa.  “This is economic diplomacy and Dangote is helping to foster bilateral relationship between the countries in Africa, ” he said.

Governor Oshiomole also hailed Dangote for playing pioneering role of Africans investing in Africa,  and creating jobs across the continent “Politicians make noise about jobs creation,  Dangote don’t make noise and goes about creating jobs.

“He is providing economic bridges to promote peace and unity through his investments in Africa,” he said.

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