Gabon’s President, Brice Oligui Nguema, has invited Aliko Dangote, Chairman of Dangote Industries Limited, to invest in the country's cement and fertilizer production sectors. This invitation follows Dangote’s recent announcement to halt investments in Nigeria’s steel industry.
According to a statement from Dangote Group's media office, the invitation seeks to explore opportunities specifically in urea and phosphate fertilizers, as well as cement production.
“President Brice Oligui Nguema of Gabon has invited Aliko Dangote, President and CEO of Dangote Industries Limited (DIL), to invest in cement and fertilizer production in Gabon,” the statement read.
During his visit, Dangote engaged in discussions with President Nguema and other top government officials about how Dangote Industries could contribute to Gabon’s economic development. The talks focused on establishing cement and fertilizer plants, which are vital for the nation's infrastructure growth and agricultural productivity.
President Nguema expressed enthusiasm for the potential partnership, highlighting Gabon's commitment to creating a supportive environment for foreign investments. He emphasized that collaboration with Dangote Industries would bring significant benefits, including job creation, technology transfer, and increased industrial capacity.
Dangote, on his part, reiterated his company’s dedication to promoting economic development across Africa. He stated that investing in Gabon’s cement and fertilizer sectors 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 statement from Dangote Group noted that this visit marks a significant step toward strengthening economic ties between Nigeria and Gabon. As Dangote Industries continues to explore and finalize investment opportunities, 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. This development aligns with President Nguema’s vision of transforming Gabon into a diversified and self-sustaining economy.
“In the coming months, further discussions and assessments will be conducted to finalize the investment plans. The collaboration between Dangote Industries and the Gabonese government holds promise for a robust partnership that will significantly impact Gabon’s economic landscape,” the statement concluded.
