Gabon’s President Invites Dangote to invest in the Country.
President Brice Nguema of Gabon has extended an invitation to Aliko Dangote, the president of Dangote Industries Limited, to make investments in the nation’s cement and fertilizer manufacturing.
The billionaire was asked to look at investment potential in cement and fertilizer, according to a statement released by the Dangote Group’s media office on Tuesday. At the same time, the Nigerian government is accusing him of having intentions to monopolize the nation’s oil sector.
“The president and CEO of Dangote Industries Limited (DIL), Aliko Dangote, has been invited by President Brice Oligui Nguema of Gabon to invest in the country’s cement and fertilizer manufacturing.
The Dangote Group said that the president asked himto look at possible investment prospects in the nation’s cement and fertilizer sectors, particularly urea and phosphate manufacturing.
The statement stated that during the visit, Dangote spoke with Nguema and other senior government figures.
“The discussions centered on how Dangote Industries could support Gabon’s economic expansion by setting up facilities for cement and fertilizer production, which are essential for the nation’s infrastructure development and agricultural output.
“President Nguema conveyed excitement regarding the possible collaboration, emphasizing Gabon’s dedication to establishing a favorable atmosphere for overseas investments.”
According to the announcement, “He noted that the collaboration with Dangote Industries would bring significant benefits, including enhanced industrial capacity, job creation, and technology transfer.”
Dangote emphasized how committed his business is to supporting the continent’s economic growth.
He emphasized that Dangote Industries’ strategic aim of growing its footprint and promoting sustainable development throughout Africa is in line with investments made in Gabon’s cement and fertilizer industries.
According to dangote, it is an important step in strengthening the commercial connections between Gabon and Nigeria.
According to the firm, both countries expect reciprocal benefits as Dangote Industries pursues and concludes investment possibilities, which would advance economic development and regional integration.
“Dangote Industries’ potential investment in Gabon is expected to bolster the country’s industrial landscape, ensuring a steady supply of essential materials for agriculture and construction,”
“This development is in line with President Nguema’s plan to make Gabon’s economy more diverse and self-sufficient”, They added.
Recall that Farouk Ahmed, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, asserted that the diesel produced at the Dangote refinery contained more sulfur than fuel imported, which Dangote characterised as an attempt to demarket his refinery, was refuted.
