Gabon President Invites Dangote To Invest In Cement And Fertilizer Production [Photos]

Gabon President, Brice Oligui Nguema has invited Aliko Dangote, the president of Dangote Group, to invest in the country’s cement and fertilizer production.

This invitation follows Dangote’s decision to stop investing in Nigeria’s steel industry to avoid accusations of monopolistic behavior.

In a statement on Tuesday, Dangote Group revealed that Nguema urged its president to explore opportunities in Gabon’s cement and fertilizer sectors, specifically urea and phosphate production.

During his visit, Dangote discussed with President Nguema and other top officials how his company could help Gabon’s economy by setting up cement and fertilizer plants, which are crucial for infrastructure and agriculture.

“The talks 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,” the statement said

President Nguema showed strong support for the partnership, emphasizing Gabon’s commitment to welcoming foreign investments and noting the benefits such as job creation, technology transfer, and improved industrial capacity.

In his remark, Dangote highlighted his company’s commitment to economic development across Africa, stating that investing in Gabon aligns with their goal of supporting sustainable growth and expanding their presence on the continent.

“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,” Dangote said in the statement.

This visit is a significant step towards strengthening economic ties between Nigeria and Gabon.

Both nations expect mutual benefits that will drive 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,” the statement said.

Further discussions and assessments will take place in the coming months to finalize the investment plans.

The collaboration between Dangote Industries and the Gabonese government promises a strong partnership that will significantly impact Gabon’s economy.

See the photos below:

This invitation comes at a time when Dangote Group has been in a dispute with Nigerian petroleum regulators over control of the downstream petroleum market.