Gabon’s President, Brice Oligui Nguema, has invited Aliko Dangote, the chairman of Dangote Industries Limited, to invest in cement and fertilizer production in the country. This invitation comes shortly after Dangote announced a suspension of investments in Nigeria’s steel industry.
According to Drivetvnews, the invitation seeks to explore opportunities in cement and fertilizer production, with a focus on urea and phosphate. A statement from Dangote Group’s media office confirmed that President Nguema extended the invitation to Dangote, with discussions aimed at improving Gabon’s economic development through the establishment of cement and fertilizer plants. These facilities are seen as vital for the nation’s infrastructure and agricultural productivity.
President Nguema expressed eagerness for the potential partnership, noting Gabon’s dedication to creating a favorable environment for foreign investments. He highlighted that collaboration with Dangote Industries could bring significant benefits, such as job creation, technology transfer, and enhanced industrial capacity.
Dangote, in turn, reaffirmed his company’s commitment to fostering economic growth across Africa. He stated that investing in Gabon’s cement and fertilizer sectors aligns with Dangote Industries’ strategic goals of expanding its presence and supporting sustainable development on the continent. Dangote expressed enthusiasm about the opportunity, emphasizing that the investment aims to aid Gabon’s economic diversification and industrialization efforts.
The Dangote Group highlighted that this visit marks a key step towards strengthening economic relations between Nigeria and Gabon. As Dangote Industries works to finalize investment opportunities, both countries anticipate mutual benefits that will promote economic progress and regional integration.
The statement further noted that Dangote’s potential investment is expected to enhance Gabon’s industrial sector by providing a reliable 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 are planned to finalize the investment plans, with the collaboration promising significant impacts on Gabon’s economic landscape.
