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Lawmakers Back Dangote’s Industrialization Stride

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Aliko Dangote

<p><&excl;-- BEGIN THEIA POST SLIDER --><&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&nbsp&semi;<&sol;p><div class&equals;"Tz61y6E4" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>Dangote Group’s industrialization stride in Nigeria has received yet another momentum as federal lawmakers back the company’s stride&period;<&sol;p><div class&equals;"DUxDTZS1" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>Members of the House of Representatives who visited Dangote Cement Plc in Obajana&comma; Kogi State&comma; expressed their delight at the significant economic impact the company has made in Nigeria&&num;8217&semi;s cement subsector&period;<&sol;p>&NewLine;<p>Speaking during the visit&comma; Hon&period; Gaza Jonathan Gbefwi&comma; Chairman of the House Committee on Solid Minerals&comma; who led his team to the Dangote cement plant&comma; emphasized the need for collaboration between Nigeria&&num;8217&semi;s political leaders and investors to drive the country&&num;8217&semi;s industrialization&period;<&sol;p>&NewLine;<p>He noted that Dangote Cement has paved the way with its substantial investments&comma; job creation&comma; tax contributions&comma; and more&period;<&sol;p><div class&equals;"tfmzhsFa" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block&semi; text-align&colon;center&semi;" &NewLine; data-ad-layout&equals;"in-article" &NewLine; data-ad-format&equals;"fluid" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"6550225277"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>He emphasized that everyone must work together to ensure Nigeria&&num;8217&semi;s progress&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>He stated that the visit by the joint subcommittee on Solid Minerals and Commerce was partly aimed at investigating the reasons behind the current cement prices and collaboratively seeking solutions&period;<&sol;p>&NewLine;<p>Responding to the visiting lawmakers about the current prices&comma; Mr&period; Arvind Pathak&comma; Group Managing Director of Dangote Cement Plc&comma; stated that cement inputs are dollar driven except limestone which is found in Nigeria&period;<&sol;p>&NewLine;<p>Some of these inputs&comma; according to him include&colon; machineries&comma; spare parts&comma; the gas for fuel and Gypsum which is one of the raw materials&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>Mr&period; Pathak explained that the rise and instability in foreign exchange rates have been significant factors contributing to the current prices of cement products&period;<&sol;p>&NewLine;<p>He said Dangote Group is Nigeria’s largest employer outside of government&period;<br &sol;>&NewLine;He also explained that compared to 2021&comma; the salaries of the company’s employees have been increased by 21&period;3&percnt; in 2022 to 47&period;5&percnt; in 2023 and 63&period;2&percnt; in 2024&period;<br &sol;>&NewLine;The salary increase was meant to meet up the inflation in the country&period;<&sol;p>&NewLine;<p>Reacting also&comma; Plant Director&comma; Dangote Cement Plc&comma; Obajana&comma; emphasized that the transport segement of the Cement company has introduced CNG trucks to its fleet&period;<&sol;p>&NewLine;<p>He also said that the company has invested in alternative fuel projects to demonstrate its initiatives to cleanup Nigeria&period;<&sol;p>&NewLine;<p>The Alternative fuel project uses biomass waste which is blocking the fertile land as a source of clean energy&period; The ambition of the company is to make Nigeria visible for its contribution towards reduction in Global warming&period;<&sol;p>&NewLine;<p>Engr  Azad Nawabuddin&comma; who also spoke to newsmen on the sideline of the tour by the lawmakers&comma; said the social intervention schemes of the company run into billions of naira&comma; adding that the company would not rest on its oars&period;<&sol;p>&NewLine;<p>The Plant Director said that by incorporating advanced technologies and maintenance strategies&comma; Dangote Cement has upheld operational efficiency while upholding its social commitments&period;<&sol;p>&NewLine;<p>Some of the community related intervention schemes embedded in the Community Development Agreement &lpar;CDA&rpar;&comma; he said&comma; include&colon; provision of scholarship&comma; construction of blocks of classrooms&comma; construction of boreholes&comma; building of hospitals and construction&comma; and rehabilitation road networks&period;<&sol;p>&NewLine;<p>Engr&period; Azad Nawabuddin explained that the company has delivered a multimillion naira health facility at Iwaa&comma; one of the mining communities&comma; as well as launched several other empowerment schemes&period;<&sol;p>&NewLine;<p>He also told newsmen that the Dangote Cement Plc is set to deliver a multimillion naira Aliko Dangote Skills Development Centre in Lokoja&comma; the Kogi State capital&period;<&sol;p>&NewLine;<p>According to him&comma; the company is one of the biggest tax payers in the country&comma; surpassing the banking sector in 2023&period;<&sol;p>&NewLine;<p>The lawmakers also visited the Dangote Plant at Okpella Edo State<&sol;p>&NewLine;<p>Plant Director&comma; Dangote Cement Plc&comma; Okpella&comma; Edo State&comma; Engr Ismail Muhammad&comma; said the company has invested hugely in state-of-the art facility in is bid achieve operational efficiency&period;<&sol;p>&NewLine;<p><&excl;-- END THEIA POST SLIDER -->&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad5" id&equals;"quads-ad5" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<&sol;p>&NewLine;<script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-format&equals;"autorelaxed" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"1004305389"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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