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[adinserter block="17"]

How Amosun sabotaged my investment in Ogun, pulled down my cement plant project twice – Dangote

Afolabi Hakim by Afolabi Hakim
March 18, 2025
in National
Reading Time: 2 mins read
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Dangote Refinery
  • Dangote said the ongoing project was destroyed twice by Amosun’s government, but his company decided to return to the site because of the Abiodun administration’s favourable policies and investor-friendly environment.

President of the Dangote Group, Alhaji Aliko Dangote, has recounted how former Governor of Ogun State, Senator Ibikunle Amosun, truncated his efforts to invest in the State.

Dangote disclosed that Amosun pulled down his cement plant project sited at Itori, Ewekoro Local Government Area of the state, on two different occasions.

He made the disclosure on Monday when he paid a courtesy visit to Governor Dapo Abiodun in his office at Oke-Mosan, Abeokuta.

The ongoing plant project of two new lines with a capacity of 6.0 million metric tons per annum located at Itori, is in addition to the cement plant which has been in operation for more than a decade at Ibese in Yewa North LGA.

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The Itori plant project’s construction commenced on December 23, 2023, and is expected to be completed in November, 2026.

Speaking during the inspection of the multimillion dollars plant project at the site in Itori alongside the governor, Dangote said the ongoing project was destroyed twice by Amosun’s government, but his company decided to return to the site because of the Abiodun administration’s favourable policies and investor-friendly environment.

He said “Our factory at Itori was pulled down twice. When we started the second time, they not only demolished the factory but also the fence, so we left. But right now, because of His Excellency, our governor, Prince Dapo Abiodun, we are back. When you visit the factory, you will be surprised at what we have done.”

However, the governor noted that Amosun’s government attempted to truncate Dangote’s vision for the state three times including the construction of the refinery now in Ibeju Lekki, Lagos State.

Abiodun said, “The first time by frustrating the construction of the refinery, a $20Billion investment, an investment that would have impacted the entire South West of Nigeria. I’m sure in that refinery, Dangote employs in the region of 10,000 people there, a minimum probably and multiply effects, maybe another 30,000 who are benefitting directly. We lost that.

“They further came here and demolished this place (Itori plant project) twice. You begin to wonder what informs such leadership decisions.”

On the cement plant, Dangote assured that when completed, the total capacity of the company’s cement plants in the state would be in the region of 18 million metric tons per annum, making it the highest cement-producing state or region in Africa.

“With the contributions of other cement producers in the state, Ogun remains far ahead of other countries across Africa in terms of cement production,” he said.

Dangote Cement, according to the Dangote Group President, is the leading cement producer in Africa with a capacity of 52.0 million metric tons per annum across the African continent.

He added that 70 percent of the production is carried out in Nigeria, with the Obajana plant in Kogi State accounting for 16.25 million metric tons per annum, the largest in Africa.

He said investment in the manufacturing of the product has made the nation self-sufficient in cement, just as the country is now self-sufficient in fertilizer, with the surplus going to the export market, thus earning the nation the needed foreign exchange

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