Gabonese President Brice Oligui Nguema has extended an invitation to Aliko Dangote, chairman of Dangote Industries Limited, to invest in the country’s cement and fertilizer production sectors. This invitation follows Dangote’s recent decision to halt investments in Nigeria’s steel industry.
A statement from the media office of Dangote Group outlined the purpose of the invitation, which aims to explore opportunities in the production of cement, urea, and phosphate fertilizers.
“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 fertilizer production in Gabon,” the statement read.
During Dangote’s visit to Gabon, he engaged in discussions with President Nguema and other top government officials about potential investments by Dangote Industries. These conversations focused on how the establishment of cement and fertilizer plants could bolster Gabon’s economic development, particularly in terms of infrastructure growth and agricultural productivity.
President Nguema expressed enthusiasm for the potential partnership, emphasizing Gabon’s dedication to creating a supportive environment for foreign investments. He highlighted the significant benefits such collaboration could bring, including job creation, technology transfer, and enhanced industrial capacity.
Dangote, on his part, reiterated his company’s commitment to fostering economic development across Africa. He stated that investing in Gabon aligns with Dangote Industries’ strategic vision of expanding its presence and supporting sustainable development on the continent.
“We are excited about the opportunity to invest in Gabon,” Dangote said. “Our goal is to contribute to the country’s economic diversification and industrialization efforts. By leveraging our expertise in cement and fertilizer production, we aim to support Gabon’s infrastructure and agricultural sectors.”
The Dangote Group noted that this visit marks a significant step towards strengthening economic ties between Nigeria and Gabon. As investment opportunities are explored and finalized, both nations anticipate mutual benefits that will advance economic progress and regional integration.
“The potential investment by Dangote Industries in Gabon is expected to bolster the country’s industrial landscape, ensuring a steady supply of essential materials for construction and agriculture,” the statement continued. “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 a robust partnership that could significantly impact Gabon’s economic landscape.