Dangote Group to Construct Nigeria’s Largest Port in Ogun State

Aliko Dangote intends to build Nigeria’s biggest seaport at the Olokola Free Trade Zone in Ogun State, fueled by improved political conditions under Governor Dapo Abiodun. The Dangote Group is also reviving a major cement factory project aimed at solidifying Ogun’s status as Africa’s largest cement-producing region. Dangote, Africa’s wealthiest individual, has a net worth of approximately $24 billion, primarily through his stake in his petroleum company.

The president of the Dangote Group, Nigeria’s largest conglomerate, is set to construct the country’s largest seaport at the Olokola Free Trade Zone in Ogun State. This decision was influenced by what he described as an improved political climate under Governor Dapo Abiodun, prompting a return to investment at the site.

During his visit, he indicated, “We earlier on abandoned our vision of investing in the Olokola Free Trade Zone, but because of Governor Dapo Abiodun’s policies and investor-friendly environment, we are back and … plans are under way to construct the largest port in the country.” However, he did not elaborate on specific details regarding the port project.

Additionally, the company has resumed construction on an $800 million cement factory in Itori, Ogun State, which spans 533 hectares. This facility is anticipated to commence operations in November 2026, aiming for an annual production capacity of 6 million tonnes. The previous delay was primarily due to opposition from former governor Ibikunle Amosun, despite the existence of a 12 million tonne cement plant in Ibese.

Upon completion, the Itori factory will position Ogun State as Africa’s largest cement-producing region. The Dangote Group is known for its extensive involvement across 17 industrial and agricultural sectors. Notably, Aliko Dangote is recognized as “Africa’s richest man,” with a net worth of approximately $24 billion, largely attributed to his majority stake in Dangote Petroleum Refinery & Petrochemicals.

In conclusion, Aliko Dangote’s plans to build Nigeria’s largest port and revive cement production reflect a significant investment in Ogun State’s economic future. His company’s commitment to infrastructure development, combined with the favorable political climate under Governor Abiodun, heralds a new era for both the maritime and construction sectors in Nigeria. With ambitious production goals set for the cement factory, Ogun is positioned to become a critical hub for cement in Africa.

Original Source: www.globalconstructionreview.com