Proshare Logo
   Market Date: 22-12-2014   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Cement: Dangote’s Ibeshe 6m metric tons plant ready for commissioning

Category: Investors NewsBeat

  Read (4699)
Cement: Dangote’s Ibeshe 6m metric tons plant ready for commissioning

November 25, 2011

Anytime from now, Dangote Group will roll out drums in commissioning its 6 million metric tons per annum cement plant cited in Ibeshe, Ogun State as work on the plant has been concluded. With the commissioning, the country will end importation of cement into the country as total supply of cement into the market by the manufacturers will by far surpass the total demand of cement in the country.

With the commissioning of the Ibeshe plant and the conclusion of the third line in Obajana Plant of the Dangote Cement, the company will have an annual cement production of over 20 metric tons as against the total demand of 17 million metric tons for the country.

Meanwhile the fourteen host Communities to the Dangote Cement, Ibese plant in Ogun State have lauded the entrepreneurial spirit of Alhaji Aliko Dangote and promised to maintain peace for successful operation of the factory. They said the decision by Dangote to cite the plant in their territory must be reciprocated by maintaining good relationship with the Company and ensuring that peace reign for the benefit of all the parties.

Speaking with newsmen at Ibese, Chairman of the Joint Host Communities Forum, Dr. Hezekiah Idowu  explained that the irreducible minimum that the communities could give to show appreciation for the establishment of the Dangote Cement Plant is to ensure an harmonious relationship exists between the host communities and the Cement Company.

He stated that all groups, traditional rulers and the youths in the fourteen host Communities have met and agreed that they would do all within their power to see that the yet to be commissioned cement plant operates in an atmosphere of peace.

Dr. Idowu recalled the efforts made by the Communities to attract investors to the area to explore the mineral resources without success until Dangote was contacted and promptly moved in to assess the area and commenced the process of building the plant.

“I am happy the Ibese Cement plant will soon be commissioned. God will bless Dangote. We made several efforts to attract investors to Ibese. Come and see, we have resources here, no way, they won’t come. Not until we contacted Dangote, I can remember vividly when we took a letter to him in August 2001, inviting him to come and see what he could establish here. 

“A detribalized man, he looked and at the letter and responded swiftly. He didn’t say these people are not Hausas, I won’t do anything. This is the result of the letter. And since he moved into the site, we have been praying for him and God has been answering our prayer. We thank God, the cement plant is now ready. 

“Those who don’t know our communities, now they will know, we are already playing host to international guests. Our limestone resource has fished our communities out of obscurity to limelight. We thank Dangote immensely. He is a pan-African who does not discriminate”, he stated. 

Dr. Idowu also explained that Dangote had settled all compensations to the host communities, noting that immediately the crop enumeration was completed, the farmers were settled before the land owners were compensated.  

He stressed; “Everything we asked for, he has done. Even when the first compensation developed wing and flew away between Lagos and Ibese, Dangote paid again. We told him, our youths need jobs and they have been informing us of vacancies and host communities have been bringing their candidates for employment. The only thing we owe him is to ensure we guarantee peace and security of his investment in our domain. We thank him.” 

According to him, all the traditional rulers in the host communities have met and cautioned their people against doing anything that will have negative impact on the cement plant because it has become a joint heritage that needs to be protected.

Dr. Idowu, a former editor in the defunct Daily Times newspaper said however that the citing of the cement plant was not enough as the Communities would still beg Dangote to help in the development of the area through provision of basic amenities like water, roads and health care centers.


Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Investors NewsBeat

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014