Business & Economy

Dangote Group Unveils Plans for Nigeria’s Largest Seaport in Ogun State

Published

2 weeks ago

Mar 18, 2025.

Dangote credited the investor-friendly environment fostered by Ogun State’s government for his renewed interest in investing in the region.
Dangote emphasized that 70% of the company’s cement production takes place in Nigeria, with the Obajana plant in Kogi State producing 16.25 million metric tons per annum, making it the largest cement plant in Africa.
Abiodun praised Dangote Industries for its commitment to corporate social responsibility and contribution to local communities.

Aliko Dangote, President of Dangote Industries Limited, has unveiled plans to construct a multi-billion-dollar seaport in Ogun State, which would be the largest in Nigeria, Eko Hot Blog reports.

During a courtesy visit by the Ogun State Executive Council led by Governor Prince Dapo Abiodun, Dangote discussed the ambitious project and revealed that two new cement production lines with a combined capacity of 6.0 million metric tons per annum are being built in Itori, Ogun State.

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Dangote said “he has decided to return and invest in Ogun State because of the Prince Dapo Abiodun administration’s vision and deliberate policies that focus on attracting investors, as well as the investor-friendly climate that exists in the state.”

He praised Ogun State as one of Nigeria’s most attractive investment destinations, highlighting its positioning as the country’s manufacturing bedrock.

In line with this vision, Dangote announced plans to get back to the abandoned largest seaport in the nation within the Olokola Free Trade Zone (OKFTZ).

Dangote credited the investor-friendly environment fostered by Ogun State’s government for his renewed interest in investing in the region.

This includes the construction of two new cement production lines in Itori, with a combined capacity of 6.0 million metric tons per annum, as well as a 12 million metric tons per annum plant in Ibeshe.

Upon completion, these projects are expected to contribute a total of 18 million metric tons per annum, making Ogun State the highest cement-producing region in Africa.

“With the contributions of other cement producers in the state, Ogun remains far ahead of other countries across Africa in terms of cement production,” he said.

He outlined the company’s pivotal role in fostering African industrial growth, particularly in Nigeria.

Dangote Group Unveils Plans for Nigeria's Largest Seaport in Ogun State

As the leading cement producer in Africa with an annual capacity of 52.0 million metric tons, the Dangote Group has made significant strides in promoting self-sufficiency across the continent.

Dangote emphasized that 70% of the company’s cement production takes place in Nigeria, with the Obajana plant in Kogi State producing 16.25 million metric tons per annum, making it the largest cement plant in Africa.

In addition to cement, the company’s investments in fertilizer production have enabled Nigeria to become self-sufficient, with excess production being exported to generate foreign exchange.

The Dangote Group’s commitment to boosting domestic production is further underscored by its focus on meeting Nigeria’s demand for Premium Motor Spirit (PMS), refined aviation fuel, and Liquefied Petroleum Gas (LPG) through its 650,000 barrels per day refinery in Ibeju-Lekki.

As a key driver of Nigeria’s economic transformation, the company aims to create a self-sufficient nation by complementing government efforts and continuing to invest in critical sectors.

In response to Dangote’s announcement of increased investment in Ogun State, Governor Prince Dapo Abiodun highlighted the significance of the proposed 6Mta cement plant in Itori and the Inter-change-Papalato-Ilaro road construction project.

These initiatives, along with Dangote’s existing Ibeshe plant, will make Ogun State the largest cement producer in Nigeria and sub-Saharan Africa, with a total annual production capacity of 18 million metric tons.

Abiodun praised Dangote Industries for its commitment to corporate social responsibility and contribution to local communities.