President Nguema invites Dangote to invest in cement, fertiliser production in Gabon

*President Brice Oligui Nguema of Gabon urged Aliko Dangote, President/Chief Executive of Dangote Industries Limited, to explore potential investment opportunities in the country’s cement and fertiliser sectors, specifically urea and phosphate production

Alexander Davis | ConsumerConnect

President Brice Oligui Nguema of Gabon has invited Alhaji Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited (DIL), to invest in Cement and Fertiliser production in the country.

Nguema urged Dangote to explore potential investment opportunities in the country’s cement and fertilizer sectors, specifically urea and phosphate production.

Dangote, during the visit, engaged in discussions with President Nguema and other top government officials, Dangote Group noted in a statement.

The talks also focused on how Dangote Industries could contribute to Gabon’s economic growth by establishing cement and fertiliser plants, which are vital for the country’s infrastructure development and agricultural productivity.

President Nguema expressed enthusiasm about the potential partnership, highlighting Gabon’s commitment to creating a conducive environment for foreign investments.

He noted that the collaboration with Dangote Industries would bring significant benefits, including job creation, technology transfer, and enhanced industrial capacity.

Dangote, renowned for his successful business ventures across Africa, underscored his company’s dedication to fostering economic development in the continent.

The President of Dangote Group emphasised that investing in Gabon’s cement and fertiliser sectors aligns with Dangote Industries’ strategic vision of expanding its footprint and supporting sustainable development across Africa.

He further said: “We are excited about the opportunity to invest in Gabon.

“Our goal is to contribute to the country’s economic diversification and industrialisation efforts. “By leveraging our expertise in cement and fertiliser production, we aim to support Gabon’s infrastructure and agricultural sectors.”

The company stated that Dangote’s visit marked a significant step towards strengthening economic ties between Nigeria and Gabon.

As Dangote Industries continues to explore and finalise investment opportunities, both nations anticipate mutual benefits that will drive economic progress and regional integration.

According to Dangote Group, 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 finalise the investment plans, the statement noted.

It also stated the collaboration between Dangote Industries and the Gabonese government holds promise for a robust partnership that will significantly impact Gabon’s economic landscape.