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Dangote Sets Up New Company

Dangote Group boss, Alhaji Aliko Dangote has concluded plans to set up a 100 million dollars vehicle assembly plant in Lagos. Mr. Anthony Chiejina, Chief Corporate Communication Officer of Dangote Group revealed that Dangote would be partnering a leading Chinese Company, National Heavy Duty Truck Group Company Limited, SINOTRUK to produce several thousands of trucks used mainly for haulage from its newly promoted assembly plant at Ikeja, Lagos.

The assembly plant is expected to generate employment for an estimated 3,000 workers. Tony Chiejina added that: “The project had taken off and that when fully operational, the nation would be spared the huge forex spent in the importation of the heavy duty vehicles. There would be room for the expansion of the project in future to meet the national truck demand and possibly export to neighbouring countries to generate foreign exchange for the nation.”

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“Dangote has always believed that the current economic challenges when approached positively will make Nigeria stronger at the end of the day, pointing out that Alhaji Aliko Dangote still believes that Nigeria is one of the best places in the world to do business. The automobile assembly plant is also coming ahead of another landmark project, a $17 billion, 650,000 barrels per day capacity Dangote Refinery, petrochemical and fertilizer plants located in Lagos is expected to begin operations in the next two years and creating over 300,000 direct and indirect jobs by first quarter of 2019.”