Categories: Latest News

Gabon President invites Dangote to invest in cement, fertiliser production

Gabon’s President, Brice Oligui Nguema, has extended an invitation to Aliko Dangote, Chairman of Dangote Industries Limited, to invest in cement and fertiliser production within the country.

This invitation comes shortly after Dangote announced a halt in investment in Nigeria’s steel industry.

A statement from the media office of Dangote Group revealed that the invitation aims to explore investment opportunities in cement and fertiliser, specifically focusing on urea and phosphate.

“President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote, to invest in cement and fertiliser production in Gabon,” the Dangote Group stated.

During Dangote’s visit, he engaged in discussions with President Nguema and other top government officials.

These conversations centred around how Dangote Industries could enhance Gabon’s economic development by establishing cement and fertiliser plants, which are crucial for the nation’s infrastructure growth and agricultural productivity.

President Nguema expressed enthusiasm for the potential partnership, emphasising Gabon’s commitment to fostering a supportive environment for foreign investments.

He highlighted that collaboration with Dangote Industries would bring substantial benefits, including job creation, technology transfer, and increased industrial capacity.

On his part, Dangote emphasised his company’s commitment to promoting economic development across the continent.

He stated that investing in Gabon’s cement and fertiliser sectors aligns with Dangote Industries’ strategic vision of expanding its presence and supporting sustainable development in Africa.

“We are excited about the opportunity to invest in Gabon. Our goal is to contribute to the country’s economic diversification and industrialization efforts.

“By leveraging our expertise in cement and fertiliser production, we aim to support Gabon’s infrastructure and agricultural sectors,” Dangote said.

The Dangote Group noted that this visit represents a significant step towards strengthening economic ties between Nigeria and Gabon.

As Dangote Industries continues to explore and finalise investment opportunities, both nations look forward to mutual benefits that will advance economic progress and regional integration.

“The potential investment by Dangote Industries in Gabon is expected to bolster the country’s industrial landscape, ensuring a steady supply of essential materials for construction and agriculture.

“This development aligns with President Nguema’s vision of transforming Gabon into a diversified and self-sustaining economy.

“In the coming months, further discussions and assessments will be conducted to finalise the investment plans.

The collaboration between Dangote Industries and the Gabonese government holds promise for a robust partnership that will significantly impact Gabon’s economic landscape,” the statement concluded.

ALSO READ THESE TOP STORIES FROM NIGERIAN TRIBUNE 

 

Sandra Nwaokolo

Recent Posts

Soludo says APGA has adopted Tinubu for 2027

As president defends economic reforms Anambra State governor, Professor Chukwuma Charles Soludo, on Thursday said…

4 minutes ago

NASFAT holds anniversary lecture, charges Muslims

PRESIDENT of the Nasrul-Lahi-l-Fatih Society (NASFAT) Worldwide, Alhaji Abdul-Wahid Abdul-Rauf, has called on Muslims to…

26 minutes ago

2025 UTME results consistent with 12-year trend — JAMB

  The Registrar of the Joint Admissions and Matriculation Board (JAMB), Professor Ishaq Oloyede, has…

39 minutes ago

Remi and the Rivers women

  AUNTIE Remi has not handled the matter of the protesting women of Rivers State…

46 minutes ago

Customs CG to discuss cross border trade, security at UNIFEMGA’s 2025 reunion

THE Comptroller-General, Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, will on Saturday deliver the lecture…

56 minutes ago

Lagos dep gov, APC National Secretary, others counsel new UI students at MSSN event

THE deputy governor of Lagos State, Dr. Kadri Obafemi Hamzat, has advised fresh students of…

1 hour ago

Welcome

Install

This website uses cookies.