Refinery Saga: Gabon President Invites Dangote To Explore Business Opportunities

Gabon’s President, Brice Oligui Nguema, has extended an invitation to Aliko Dangote, chairman of Dangote Industries Limited, to invest in cement and fertilizer production within the country.

This invitation comes shortly after Dangote announced a halt in investment in Nigeria’s steel industry.

Recall that a recent clash between Africa’s wealthiest man and Nigeria’s oil industry regulators has sparked widespread discussion.

However, in a statement from the media office of Dangote Group revealed that the invitation aims to explore investment opportunities in cement and fertilizer, specifically focusing on urea and phosphate.

“President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote, to invest in cement and fertilizer production in Gabon,” the Dangote Group stated.

The statement further highlighted that Dangote engaged in discussions with President Nguema and other top government officials during his visit.

These conversations centered around how Dangote Industries could enhance Gabon’s economic development by establishing cement and fertilizer plants, which are crucial for the nation’s infrastructure growth and agricultural productivity.

President Nguema expressed enthusiasm for the potential partnership, emphasizing Gabon’s commitment to fostering a supportive environment for foreign investments.

He pointed out that collaboration with Dangote Industries would bring substantial benefits, including job creation, technology transfer, and increased industrial capacity.

On his part, Dangote emphasized his company’s commitment to promoting economic development across the continent.

He stated that investing in Gabon’s cement and fertilizer sectors aligns with Dangote Industries’ strategic vision of expanding its presence and supporting sustainable development in Africa.

Dangote said, “We are excited about the opportunity to invest in Gabon. Our goal is to contribute to the country’s economic diversification and industrialization efforts.
“By leveraging our expertise in cement and fertilizer production, we aim to support Gabon’s infrastructure and agricultural sectors.”

The Dangote Group noted that this visit represents a significant step toward strengthening economic ties between Nigeria and Gabon.

As Dangote Industries continues to explore and finalize investment opportunities, both nations look forward to mutual benefits that will advance economic progress and regional integration.

“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 finalize the investment plans. The collaboration between Dangote Industries and the Gabonese government holds promise for a robust partnership that will significantly impact Gabon’s economic landscape,” the statement reads.