Jonathan Launches Dangote Ibese Cement Plant Thursday
Category: Nigerian Economy
February 07, 2012
President Goodluck Jonathan will on Thursday February 9 commission the multi-billion dollar new Dangote Cement plant, situated in Ibese, Ogun State . The new plant has an installed capacity of six million metric tons of cement per annum.
With the commissioning, Dangote Cement’s total capacity will be 20.25m metric tons of cement per annum with Obajana Cement producing 10.25 million metric tons and Gboko Plant with four million metric tons.
The opening of the Ibese cement plant, reputed to be the largest in Africa, would not only satisfy domestic demand, but also put Nigeria as a net exporter of the commodity.
‘We are marking the end of cement import in Nigeria with the coming on stream of our Ibese cement plant, which will produce 6 million tons per annum from its initial two lines, to be increased with another two lines immediately, jerking its production to 12 million tons per annum,’ the management of Dangote Cement said at the weekend.
President of the Dangote Group, Alhaji Aliko Dangote, had said his organisation was taking up the challenge to lead the way in making the nation self-reliant in cement production and, consequently, reduce its huge foreign exchange on imports.
According to him, Dangote Cement intends to move away completely from import of certain commodities, of which cement is one, by strengthening the local production capacity.
‘Our long-term ambition is to develop 46 million metric tons of production and terminal capacity in Africa by 2015. We want to become a truly pan-African champion in the sector, capable of competing globally with the largest cement companies in the world,’ he said.
Group Head Corporate Communication of the Dangote Group, Anthony Chiejina, said ‘considering that Nigeria’s cement need is between17 to 19 million tons per year, by implication, with the coming on stream of Ibese, what Dangote Group alone will be producing will be far more than the country’s demand.