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Dangote Industries and Sinoma International have signed an over $800 million agreement to expand the Itori cement plant in Ogun State The expansion will help meet Nigeria’s growing cement demand, increase exports across Africa and create more jobs and foreign exchange earningsDangote said the project supports the company’s Vision 2030 plan to raise its total cement production capacity to 100 million metric tonnes annually
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Dangote Industries Limited has signed a Memorandum of Understanding (MoU) valued at over $800 million with Sinoma International Engineering Co. Ltd. to expand the Dangote Cement plant in Itori, Ogun State, in a move that will double the facility’s production capacity from six million to 12 million metric tonnes annually.
The agreement, signed in Lagos by President of Dangote Group, Aliko Dangote, and Chairman of Sinoma, Lin Zhong, marks another major investment
