In a significant boost for Ogun State’s economy, the President of Dangote Group, Alhaji Aliko Dangote, has confirmed that his company’s return to the state is a direct result of the investor-friendly policies of Governor Dapo Abiodun. During a recent courtesy visit to the governor in Abeokuta, Dangote praised Ogun’s strategic initiatives that have made the state one of Nigeria’s most attractive investment destinations.
Why Ogun State? The Power of Visionary Leadership
Dangote highlighted the importance of Gov. Dapo Abiodun’s vision, which has made Ogun a hub for manufacturing and private sector growth in Nigeria. With the state positioning itself as the manufacturing bedrock of the country, it has become a magnet for investors looking to capitalize on the favorable business environment.
“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,” Dangote said. He emphasized that the progress made since the company’s return to Itori has been nothing short of remarkable, reflecting the state’s commitment to supporting private enterprise.
The Return to Olokola Free Trade Zone: A Game-Changer for Nigeria’s Economy
Dangote also revealed that the company had previously abandoned plans to invest in the Olokola Free Trade Zone in Ogun Waterside Local Government, citing past setbacks. However, thanks to the favorable policies and business climate in Ogun, the company is now set to return to the area with plans to construct Nigeria’s largest port. This new development will significantly boost the state’s position as a key player in the maritime and manufacturing sectors.
Massive Investments in Ogun: Cement Plants and Expanding Capacity
Dangote also provided an exciting update on his company’s growing presence in Ogun. Two new cement plant lines with a combined capacity of 6 million metric tonnes per annum have been completed at Itori. In addition, a 12 million metric tonnes per annum cement plant is under construction at Ibeshe, further strengthening Ogun’s status as Africa’s leading cement-producing region.
With these developments, the combined output of Dangote’s cement plants in Ogun will reach 18 million metric tonnes annually, solidifying the state’s role as a top manufacturing hub in Nigeria and Africa.
Dangote’s Commitment to Nigeria’s Economic Growth
Dangote emphasized that the growth of Nigeria’s economy depends on the collaboration between private firms and the government. His company is committed to transforming the Nigerian economy by investing in critical sectors, creating jobs, and boosting national development.
“We remain committed to investing in Nigeria and have unwavering faith in the country and its people,” Dangote affirmed.
Gov. Abiodun’s Praise for Dangote’s Vision and Contribution
In response, Governor Dapo Abiodun thanked Dangote for his continued trust in Ogun State and for his commitment to Nigeria’s economic progress. He commended Dangote for his selfless promotion of Nigeria on the global stage and for creating jobs through his business expansion.
Governor Abiodun also celebrated the historical significance of the visit, noting that March 17 marks a landmark day for the country, as it coincides with the groundbreaking of Dangote’s Lagos refinery project. The governor expressed profound gratitude for Dangote’s efforts to complete the Itori factory and for choosing Ogun State for Nigeria’s largest port.
“Today is historic, and Ogun State is proud to welcome your renewed investment,” Abiodun concluded.
Conclusion: Ogun’s Role as an Investment Powerhouse
The partnership between Ogun State and Dangote Group exemplifies the power of strategic leadership and investor-friendly policies in fostering economic growth. Ogun State is quickly becoming a key investment destination in Nigeria, with its manufacturing sector at the forefront of this transformation.
As Dangote Group continues to expand its operations in Ogun, with major investments in cement production and infrastructure, the state’s economic landscape is set to undergo a significant transformation, driving job creation and national development.
