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Dangote Cement : Nigerian Govt Grants Dangote Cement $54 Million Tax Credit

The tax credit for the Apapa-Oworonshoki-Ojota expressway is valued at N21.6 billion while that of Lokoja-Obajana-Kabba expressway is valued at N721 million. Nigeria s Federal Inland Revenue Service . | April 30, 2021

Dangote investing more for peace in Nigeria

Mon Apr 26 2021 President of Dangote Group, Aliko Dangote, has invested enormously in peace and security in Nigeria, said a security expert and academic, Dr Adeola Adams. Dr Adeola, who is a scholar in Peace Studies and the secretary general of the Society for Peace Studies and Practice (SPSP), spoke at a seminar in Abuja at the weekend. According to a statement from Dangote Group, at a lecture titled: ‘Multi Track Diplomacy: A System Approach to Peace in Nigeria’, Adeola said Dangote companies have created thousands of jobs for Nigerians and Africans which is key to peace and stability. The group has been supporting government and security agencies with operational facilities.

Dangote Cement Increases Capacity to Meet Demand Surge

Festus Akanbi In a response to the growing demand, Dangote Cement Plc is poised to raise capacity by more than a third to meet the escalating demand as the Nigerian economy recovers. “We are expanding capacity from about 50,000 tons a day at the beginning of the year to 70,000 tons a day at the end of the year,” Edwin Devakumar, Group Executive Director at Dangote Industries Ltd., told Bloomberg by phone yesterday. Devakumar explained that already, the company in the past seven months had begun the reactivation of idle capacity at its Gboko plant, in Benue State, because of a 40 per cent increase in demand in Nigeria.

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