Dangote commits $800m to double Itori cement capacity

Dangote Cement is set to significantly expand its production capacity with an $800 million agreement with Sinoma International Engineering. The Memorandum of Understanding will double the output of the Itori plant in Ogun State, from six million to 12 million metric tonnes per annum.

This expansion is designed to address Nigeria's increasing domestic demand for cement and bolster the country's export capabilities. The move is expected to solidify Nigeria's status as a major cement producer and enhance its presence in markets across Africa and beyond. Aliko Dangote, President of Dangote Group, highlighted the project as a key milestone in the company's growth strategy and its dedication to Nigeria's industrial development.

Dangote attributed the expansion to Nigeria's focus on concrete for road construction and the company's ambition to export cement to other African nations, aligning with its Vision 2030 goal of producing 90-100 million metric tonnes annually. He emphasized that the partnership with Sinoma, which has previously supported the delivery of several cement facilities, underscores confidence in Nigeria's economic prospects and the future of African manufacturing. The investment is projected to create jobs and contribute to economic growth across the continent.

“

This $800m investment represents another bold step in our commitment to strengthening Nigeria’s industrial base and reinforcing our leadership in Africa’s cement industry. The expansion of our Itori plant to 12 million from 6 million metric tonnes per annum will not only enhance our ability to meet growing domestic demand but also significantly increase our export capacity, thereby generating valuable foreign exchange for the country. This project reflects our unwavering confidence in the Nigerian economy and our determination to contribute meaningfully to economic growth, job creation, and regional trade across Africa.