Dangote Group, led by Aliko Dangote, plans to build Nigeria’s largest seaport in Ogun State, influenced by the state’s favorable political climate. Alongside this, work has resumed on an $800 million cement factory in Itori, expected to open by November 2026, enhancing Ogun’s status as a major cement producer. Dangote’s wealth and influence continue to grow as he expands his industrial operations.
Aliko Dangote, president of the Dangote Group, has announced plans to construct Nigeria’s largest seaport at the Olokola Free Trade Zone in Ogun State. This decision stems from a favorable political climate fostered by Governor Dapo Abiodun, reviving interest in the project after previous plans were abandoned.
Dangote highlighted the welcoming policies of Governor Abiodun, which encouraged the company’s return, stating that preparations are underway for the port’s construction. However, he refrained from elaborating on specific project details during his announcement.
In conjunction with the port, Dangote’s company is also resuming development on an $800 million cement factory in Itori, Ogun State. This facility will span 533 hectares and is scheduled to commence operations by November 2026, with an expected annual production capacity of up to six million tonnes.
The project faced delays due to opposition from former governor Ibikunle Amosun, yet upon completion, it will make Ogun the leading cement-producing region in Africa, complementing the existing 12 million tonne plant in Ibese. The Dangote Group operates across 17 sectors in industry and agriculture, reinforcing its significant footprint in the Nigerian economy.
Aliko Dangote is recognized as Africa’s wealthiest individual, with Forbes estimating his net worth at $24 billion, largely attributed to his 92% ownership of the Dangote Petroleum Refinery and Petrochemicals.
The announcement of the largest seaport in Nigeria signals a resurgence in investment confidence, facilitated by improved governance. The simultaneous development of an $800 million cement factory further underscores the Dangote Group’s commitment to expanding industrial capacity in Ogun State. As Dangote continues to strengthen his influence in Africa’s economic landscape, these projects symbolize the potential for significant regional growth and increased production capabilities.
Original Source: www.globalconstructionreview.com
