According to Dangote Group president Aliko Dangote, he intends to construct Nigeria’s “biggest, deepest seaport.”
Dangote stated in a Bloomberg interview that he has submitted an application to start construction at the Olokola, Ogun State, proposed Atlantic seaport. The businessman claimed that the program would facilitate the export of products, such as liquefied natural gas (LPG), and aid in the quick expansion of his industrial conglomerate.
Dangote claimed that after submitting the necessary paperwork for approval last month, the plan “to build the biggest, deepest port in Nigeria” moved forward.
“It’s not that we want to do everything by ourselves, but I think doing this will encourage other entrepreneurs to come into it” he stated.
The port signifies the billionaire’s return to the location where, following a disagreement with local authorities, he had previously shelved plans to construct his refinery and fertilizer complex.
Dangote claimed that he was once again building facilities in Ogun State in March, “thanks to His Excellency, our governor, Prince Dapo Abiodun.” In a separate interview, Dangote Group vice-president Devakumar Edwin also stated that the company intends to export LNG from Lagos.
According to him, the project will entail building pipelines from the Niger Delta. He stated, ““We want to do a major project to bring more gas than what Nigeria LNG is doing today”
“We know where there is a lot of gas, so run a pipeline all through and then bring it to the shore.”
The billionaire stated on May 26 that Dangote Industries Limited (DIL) hopes to generate $7 million per day from fertilizer sales over the next two years.
His refinery declared a month later that on August 15 it would start distributing diesel and premium motor spirit (PMS), commonly referred to as gasoline, across the country.
The company announced that it has expanded its fuel distribution capacity throughout the nation by acquiring 4,000 new tankers that are powered by compressed natural gas (CNG).
On June 27, Dangote also declared that within 40 months, Africa would have its own supply of fertilizer.
