Alhaji Aliko Dangote, President of the Dangote Group, has announced plans to revive the Olokola Free Trade Zone (OKFTZ) with the construction of Nigeria’s largest port, aiming to enhance trade and logistics in the country.
During a visit to Governor Dapo Abiodun in Abeokuta, Dangote emphasized his company’s renewed interest in Ogun State, citing the state’s investor-friendly policies as a key reason for his return. He also reaffirmed the Dangote Group’s commitment to Nigeria’s self-sufficiency in cement, fertilizer, and petroleum products.
Massive Expansion in Cement Production
Dangote disclosed plans to reconstruct the Itori cement plant, which was previously demolished, and add two new production lines with an annual capacity of 6 million metric tons. When combined with the existing 12 million metric tons plant in Ibeshe, Ogun State is set to become the largest cement producer in Sub-Saharan Africa.
Government Support and Economic Impact
Governor Abiodun welcomed the renewed investment, highlighting its potential for job creation and economic growth. He also commended the Dangote Group’s Corporate Social Responsibility (CSR) initiatives, including ongoing road construction projects, and pledged continued collaboration to strengthen Ogun State’s position as Nigeria’s manufacturing hub.
With Dangote’s return, Ogun State is poised for major industrial growth, reinforcing its reputation as a prime destination for private-sector investments.
