Economy

Dangote Groups Restates Commitment to Sustainability of Nigerian Economy

By Web News 647

By Oluwatoyin Adegoke

Management of the Dangote Groups say it will continue to play critical roles in adding value to the people , while supporting the sustainability and development of the Nigerian economy.

The Regional Sales Director, Dangote cement PLC Lagos and Ogun, Mr Tunde Mabogunje stated this at the company’s  special day in the ongoing 13th Gateway international trade fair in Abeokuta, the Ogun State capital.

Mr Mabogunje affirmed that Dangote Industries had continued to blaze the trail as the nation’s foremost indigenous Pan-African conglomerate, with diversified investments, such as cement, sugar, salt, real estate, agriculture, telecommunication, and oil and gas among others.

The Regional Sales Director maintained that the theme of this year’s Gateway International Trade Fair, “Achieving Economic Prosperity Through Business Connection, Trade And Investment,” was in tandem with the Dangote industries focus on manufacturing of goods rather than importation, thereby ensuring the availability of raw materials for such products in Nigeria.

Mr Mabogunje reiterated the Company’s commitment to providing more quality and affordable goods for the benefit of the people, in furtherance to creating more job opportunities for teeming youths.

He added that the recently launched Dangote petroleum refinery was a game changer in offering cheaper fuel to Nigerians and expressed optimism that the trade fair would create a linkage that would help to connect different aspects of the economy while at the same time promoting backwards integration.

Earlier in a remark, the President, Ogun state Chamber of Commerce, Industries, Mines and Agriculture, OGUNCCIMA, Mr Mike Akingbade had expressed appreciation to Dangote group for the strong support towards ensuring the development of the state’s economy as well as the growth of the chamber.

Mr Akingbade also applauded the contribution Dangote Group in providing job opportunities for the youths and  sustaining global standard in the efforts to drive the nation’s economy.

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Infrastructure

Dangote Hails Adeleke for Osun Multi-Billion Infrastructure Plan

By Web News 829

By Funmi Ojo

President of Dangote Group, Alhaji Aliko Dangote has thrown his weight behind Osun State multi-billion naira infrastructure plan, calling the initiative commendable and historical.

Speaking while receiving Governor Ademola Adeleke in his office, Alhaji Dangote said the Osun infra plan and other developmental policies are laudable policies for which Governor Adeleke should be commended.

“I have followed your programmes and policies and I must note that you are doing well. Don’t relent. You must continue this path of delivery and service.

“We will support you. We will partner with your government to deliver on your infra plans”, the richest man in Nigeria noted.

The Spokesperson to Osun Governor, Mallam Olawale Rasheed noted in a statement that Governor Adeleke briefed Alhaji Dangote on the multi-billion naira infra plan which covers flyover bridges, dualisation of roads, complete renovation of selected schools, alternative water provision across 332 wards, complete upgrade of primary healthcare centers and construction of 31 kilometers of new roads across the local governments.

The Governor told the business mogul that he was at his office to update him on his administration programmes and plans and moving progressively on the implementation adding that his government is seeking partnership to achieve the targets.

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Economy

Works Minister Summons Manufacturers over Rising Cost of Cement

By Web News 322

The Minister of Works, David Umahi, has summoned prominent cement manufacturers to a meeting over the rising cost of cement.

He expressed worry that, despite huge patronage by road and housing contractors to cement manufacturers, the cost of the product was rising at an astronomical rate. 

A statement signed by the Minister’s Special Adviser (Media), Orji Uchenna Orji, in Abuja on Saturday said the meeting will take place on Monday, February 19, 2024, at the Ministry’s Conference Hall, Mabushi, Abuja. 

The statement read in part, “The Honourable Minister of Works, His Excellency, David Umahi CON, has summoned an urgent meeting of all cement manufacturers in Nigeria.

“Those invited are Dangote Plc, BUA Plc, Lafarge, and others.”

He quoted the Minister as saying, “It is common knowledge that the manufacturers have their challenges, which we shall look into, but from our findings, the disparity between ex-factory price and the market price is wide. We therefore need  to look into the situation and other issues with a view  to finding a common front.” 

Vanguard/Simeon Ugbodovon

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Economy News

Dangote Cement Raises More Millionaires

By Web News 811

The third in the series of Dangote Bag of Goodies Consumer Promo has produced more millionaires in Ogun State with a bricklayer, Mr. Imole Akinbode and a teacher Mr. Abolarin Sunday winning five million naira prize individually, alongside 5 others that received one million naira each.

Some residents also got consolation prizes, including refrigerators, standing fans and electricity generators from the cement bag scratch cards with alphabets spelling Dangote.

At the presentation of prizes to the winners held at Methodist theological Seminary playing field, Sagamu, the Lagos and Ogun regional Director of the Company, Mr. Dolapo Alli said about thirty two point five million units of prizes had been procured for the promo with the aim of showing appreciation to the consumers.

Mr Alli who said the promo was also to assist the customers in cushioning the effects of the prevailing economic reality in the country urged other Nigerians to patronize Dangote cement to be able to benefit in the promo that would end in the last week of October this year.

One of the five million naira cash prize winners, Mr. Sunday Abolarin, a teacher and retail cement seller while speaking with newsmen canvassed more patronage for Dangote cement which he noted had proven to be reliable and should be commended for ploughing back to the society.

The prizes redemption ceremony was witnessed by representatives of the National Lottery Agency, Mr. Afam Ojeh, some staff of Dangote Cement Lagos and Ogun regional office as well as distributors from within and outside Ogun State.

Wale Oluokun