The President, Dangote Group,
AlikoDangote, has revealed that the choice of Cameroon for the
multi-billion Naira cement investment is quite strategic, ITRealms reports.
Cameroon is the largest
economy in Central Africa and is well endowed with abundant natural resources.
The country also enjoys political stability, adequate security and growing
infrastructural development in addition to President Biya’s creation of an
enabling environment that has continued to attract investors both from within
and outside the African continent.
“For this reason, we feel particularly at
home in Cameroon. And for this reason too, we are determined to explore other
areas where we can contribute our own quota to the remarkable economic
transformation, taking place under the government of President Biya”, he said.
He stated that due to the warm welcome given
to Dangote Cement, the company has decided to begin work on the second phase of
the plant, which will see the doubling of its capacity from the current
1.5mmetrictonnesperannum (mtpa) to 3.0mmtpa.
“Our desire to increase our investment with
the Phase 2 project is based on not only the fast growth rate of the
Cameroonian economy but also due to the warm welcome extended to us and the
enabling environment created by the government of Cameroon,”he said.
As part of its effort to fast-track economic integration within Africa, Dangote
Cement Plc, commissioned its $250
million (about N49.79 billion)
1.5million metric tonnes per annum cement grinding plant in Douala,
Camaroon, barely three weeks after the
cement plant in Zambia was commissioned.
The company, in addition laid foundation for a 200m Jetty in Base Elf area, of
the Douala Port of Cameroon.
Dangote said he was delight at the
commissioning of the project which commenced in 2011, adding that the plant is
the company’s largest Greenfield project in a neighbouring country, which
Nigeria has a long history of brotherly relationship that dates back to the
colonial era.
CyriacusNnaji/GEE
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