Aliko Dangote, richest man in Nigeria has several investments across the country through one of the largest and most successful conglomerates, Dangote Group. With investments in a range of sectors the company has played a significant role in the developing Nigerian economy.
These investments have created job opportunities for Nigerians, helped to diversify the economy, contributed to the development of various sectors, and positioned Nigeria as a major player in these industries.
In this context, we will explore some of the top investments made by the Dangote Group across the country, as well as the impact that these investments have had on the country’s economy and society.
One of the most significant investments made by the Dangote Group is the construction of the largest refinery in Africa. The refinery set to launch on the 22nd of May 2023 in Lagos is expected to refine 650,000 barrels of crude oil per day and produce a range of petroleum products, including gasoline, diesel, and jet fuel.
The completion of the refinery is expected to significantly reduce Nigeria’s dependence on imported petroleum products and boost the country’s economy as the world’s largest single-train refinery.
Dangote Group has made substantial investments in the cement industry. The company is the largest producer of cement in Nigeria and has built several cement plants across the country.
The cement plant is Sub-Saharan Africa’s leading cement company, with a production capacity of 51.6 million tonnes per year across ten countries which makes it the largest cement producer in Sub-Saharan Africa.
Dangote Sugar is the largest producer of sugar in Nigeria, with several refineries and sugarcane plantations across the country. Dangote Sugar has invested in the development of the sugarcane value chain in Nigeria, from refining of raw sugar to Cultivation and milling of sugar cane to finished sugar, marketing and distributing the refined sugar, and creating job opportunities for Nigerians and contributing to the growth of the agricultural sector.
With operations across international standards of food production, health and safety the company’s investments in the sugar industry have helped to reduce Nigeria’s dependence on imported sugar.
NASCON Allied Industries is a leading player in Salt in Nigeria involved in the production and sale of salt. The company metamorphosed with its additional business lines to include Vegetable Oil, Tomato Paste and Seasoning including production facilities across Lagos.
Twister B.V was acquired by Dangote Industries Limited from Shell Technology Ventures Fund in 2016. The company basically develops natural gas processing solutions for the upstream and midstream oil and gas sectors. Twister B.V also offers a conditioning system, hydrate separator, engineering design, and consultancy services.
Greenview Development Nigeria Limited (GDNL)
Greenview Development Nigeria Limited (GDNL) is a privately owned subsidiary of Dangote Group. The company is Dangote Group’s terminal operating arm which operates Terminal E of the Lagos Port Complex (LPC) in Apapa, Lagos.
Dangote Agro Sacks Limited
Dangote Agro Sacks Limited is involved in the production of bags for packaging goods produced by companies within the Group. The Company operates from three factories across Nigeria, making woven, laminated, and A.D. star cement sacks.
DIL Power Limited
Dangote Industries Limited is a power generating company that controls the Dangote Oil Fired Power Plant. The Dangote Oil Fired Power Plant is a Thermal power plant with a 400MW oil-fired power project. It is currently being developed and owned by Dangote Oil Refinery.
Dangote Granite Mines Limited
The Dangote Granite Mines Limited is a massive granite mine in Ogun State, Nigeria’s southwest region owned by the Dangote group.
The Dangote group partnered with National Heavy Duty Truck Group Company Limited (SINOTRUK), a Chinese company. The Dangote Group owns 60% of the assembly plant, while SINOTRUK owns 40%.
The partnership came after Dangote Industries established a $100 million truck assembly plant in Lagos in 2017. The plant, located in Ikeja, Lagos, can produce 10,000 trucks annually.
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