Aliko Dangote, President of Dangote Industries Limited, has received an invitation from Gabon’s President Brice Nguema to invest in the country’s cement and fertiliser production sectors.
According to a statement from the media office of Dangote Group on Tuesday, the Nigerian billionaire was invited to explore investment opportunities in these sectors amid accusations from the Nigerian government that he plans to monopolize the oil sector in Nigeria.
The statement noted, “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.”
During his visit, Dangote engaged in discussions with President Nguema and other high-ranking officials on how Dangote Industries could support Gabon’s economic growth by establishing cement and fertiliser plants, crucial for the country’s infrastructure development and agricultural productivity.
President Nguema expressed his enthusiasm about the potential partnership, emphasizing Gabon’s commitment to fostering a conducive environment for foreign investments. He highlighted that the collaboration with Dangote Industries would bring significant benefits, including job creation, technology transfer, and enhanced industrial capacity.
Dangote underscored his company’s dedication to promoting economic development across Africa. He stated that investing in Gabon’s cement and fertiliser sectors aligns with Dangote Industries’ strategic vision of expanding its footprint and supporting sustainable development throughout the continent.
“We are excited about the opportunity to invest in Gabon, aiming to contribute to the country’s economic diversification and industrialisation efforts. By leveraging our expertise in cement and fertiliser production, we hope to support Gabon’s infrastructure and agricultural sectors,” noted Africa’s richest man.
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The Dangote Group’s visit marks a significant step towards strengthening economic ties between Nigeria and Gabon. As Dangote Industries continues to explore and finalize investment opportunities, both nations anticipate mutual benefits that would drive economic progress and regional integration.
The potential investment by Dangote Industries in Gabon is expected to enhance 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.
Further discussions and assessments will be conducted in the coming months to finalize the investment plans. The collaboration between Dangote Industries and the Gabonese government promises to significantly impact Gabon’s economic landscape.
