Dangote Cement, a leading cement manufacturer, has announced its plans to expand production capacity with the construction of a new 6Mt integrated cement plant in Itori, Ogun State.

The group managing director, Mr. Arvind Pathak, highlighted that the new plant will not only strengthen local production in Africa but also contribute to Nigeria’s ability to export cement, promoting economic diversification and foreign exchange inflows.

Additionally, Dangote Cement is set to deploy grinding plants in Ghana and Cote d’Ivoire, aiming to ensure the availability of cement across all African countries. Mr. Pathak expressed the company’s commitment to its partnership with the Nigerian Exchange Ltd (NGX), emphasizing its importance for trading Dangote Cement’s stocks and raising funds through the capital market.

The CEO of NGX, Mr. Temi Popoola, welcomed Dangote Cement’s delegation and praised the company for its financial results, highlighting the collaboration to deepen the NGX and the introduction of a new USSD scheme for mobile access to NGX services as part of the Exchange’s ongoing innovations.