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Dangote Cement Increases Capacity With New Plants In Nigeria, Cote d’Ivoire & Ghana

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  • Dangote Cement to roll out new plants in Nigeria, Cote d’Ivoire & Ghana.

Dangote Cement has concluded plans to expand its production capacity through the construction of a new 6Mt integrated cement plant in Itori, Ogun State. According to the Group Managing Director, of Dangote Cement, Mr. Arvind Pathak, the new plant on completion, will strengthen local production of Dangote Cement in Africa.

Besides, Dangote Cement will soon deploy grinding plants in Ghana and Cote d’Ivoire to ensure cement becomes available in all African countries.

Pathak was speaking at the Closing Gong Ceremony on the Trading Floor of the Nigerian Exchange Ltd (NGX), which also served to introduce him as the new Group Managing Director of Dangote Cement to the dealing members of the Exchange.

He said: “We have successfully completed our 0.4 million tonnes grinding plant in Ghana and are on track to complete our 1.5 million tonnes grinding plant in Cote d’Ivoire. In addition, we are strengthening our local production capacity efforts to meet future demand with a 6Mt integrated cement plant in Itori, Ogun state. The Itori cement plant will increase Nigeria’s capacity to export cement, enabling more diversification and foreign exchange inflows for the economy.

He stated that Dangote Cement is proud of its strong ties with the NGX and will always look forward to embracing new ways to engage and foster this partnership. The Exchange, he opined, “is very important to Dangote Cement as it provides a platform for our stock to be traded, as well as the means to raise funds through the capital market. The exchange is also one of the regulatory bodies which we comply with. Dangote Cement has made great strides in our debt capital market journey, from the issuance of our maiden ₦100 billion 5-year bond in 2020 to another landmark bond issuance, where we raised ₦116 billion.

He added that Dangote Cement has also received numerous recognitions from capital market regulators and players which include the best issuer in terms of the fixed income listings by the Nigerian Exchange Limited (NGX) in 2022.

Earlier, Chief Executive Officer, Nigerian Exchange Limited, Mr. Temi Popoola welcoming the delegation from Dangote Cement lauded the company on its 2022 full-year financial results. He said that it is heart-warming to welcome the largest listed company on the Exchange and called for more collaborations that will help to deepen the NGX. Popoola said the NGX through its activities and initiatives has boosted investors’ confidence which can be seen in the appreciation of listed equities adding that the goal of the Exchange is to innovate and help more businesses to grow. Part of the innovation he disclosed is the new USSD scheme that makes it possible to access the NGX services on mobile phones.

BIG STORY

Aiyedatiwa Dedicates Victory To Akeredolu, Says “He Wanted Me To Succeed Him”

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Lucky Aiyedatiwa, Ondo state governor-elect, expressed his wish that Rotimi Akeredolu, his late principal, could have been alive to witness his victory.

Aiyedatiwa, the current governor of Ondo, triumphed across all 18 LGAs, securing 366,781 votes to defeat his closest rival, Agboola Ajayi of the Peoples Democratic Party (PDP), who garnered 117,845 votes.

Aiyedatiwa assumed leadership of the state following Akeredolu’s death from protracted prostate cancer in 2023.

In an interview with Channels Television after his victory, Aiyedatiwa reflected on Akeredolu’s support for his political journey.

“How I wish he was present in that banquet hall when I was declared in the company of other brother governors. That would have been really good, but God knows better,” he said.

“It is so sad and painful that he didn’t live to see the manifestation of what he himself spoke about. I do refer to him sometimes as the man who saw tomorrow.”

“He knew that I was going to succeed him as governor. He knew because he wanted me to and was ready to give me the full backing.”

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BIG STORY

You’re Peddling Economic Fantasies, Purge Yourself Of Petty Politics — Bayo Onanuga To Atiku

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Bayo Onanuga, special adviser to President Bola Tinubu on information and strategy, has accused former Vice-President Atiku Abubakar of promoting “economic fantasies” and urged him to rid himself of “petty politics.”

Recent weeks have seen exchanges between the presidency and Abubakar following his proposed solutions to the country’s economic difficulties.

Last week, the former vice-president stated that he could not be envious of Tinubu, as the president causes pain for Nigerians.

In a statement on Sunday, Onanuga emphasized that Nigerians rejected both Abubakar and his ideas during the 2023 presidential election.

“Atiku’s critiques of Tinubu’s presidency are mere harebrained propositions devoid of realistic alternatives,” the presidential aide said.

“He must acknowledge the decades of mismanagement of the economy inherited by the current administration, including the exorbitant subsidy expenditures that far exceeded government earnings from crude oil.”

“As of mid-2023, the landing cost of fuel was between N500 and N600, while it was sold nationwide at an average of N200. The 2023 budget allocated N3.36 trillion for fuel subsidies until June 2023, against a projected N2.23 trillion in oil revenue for the year.”

“The Nigerian state was on life support.”

“We expect Atiku to commend what the Tinubu administration has achieved concerning revenue generation for the Federation.”

“Without factoring in oil sales, revenue proceeds generated by the Federal Inland Revenue Service almost doubled in the first half of 2024, compared with the level Tinubu met in 2023. The states and councils are more prosperous because of it, as many states have increased the minimum wage for their workers to between N70,000 and N85,000.”

“Atiku’s proposal to privatize the four government-owned refineries, which collectively can only meet a fraction of the nation’s daily fuel consumption when activated, lacks originality.”

Onanuga concluded by stating that Abubakar’s economic proposals do not offer a feasible alternative to Tinubu’s “decisive reforms” and urged the former vice-president to restore his reputation as a statesman.

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BIG STORY

Adron Homes Welcomes New Executive, Emphasizing Commitment To Professional Excellence

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In a strategic move to foster growth and elevate the quality of service delivery, the Management of Adron Homes and Properties is thrilled to announce the appointment of exceptional staff members who have exemplified remarkable professionalism and have significantly contributed to the advancement of the Adron brand. We proudly introduce our newly appointed leaders: Adenike Ajobo as Managing Director, Olubunmi Akinfe as Deputy Managing Director, Ihuoma Azuru as Assistant Managing Director of Sales and Marketing (Lagos Nigeria), Barbie Ette as Assistant Managing Director of Sales and Marketing (Northern Nigeria), Odunola Ogundapo as Assistant Managing Director of Sales and Marketing (Western Nigeria), Olasumbo Oguntoye as Assistant Managing Director of Housing Nigeria, and Haastrup as Director General of Customer Service. Together, they will drive our mission forward and ensure continued excellence at Adron Homes.

Aare Adetola Emmanuel King, the Chairman and Group Managing Director of Adron Homes, has issued an important directive to the newly appointed directors of the company. He emphasized the critical need for quality delivery in all aspects of their work. Aare King highlighted that each director must align their actions and decisions with the overarching vision and mission of the organization. He urged them to remain committed to the company’s goals and to foster a culture of excellence, ensuring that their contributions not only meet but exceed the expectations set forth by Adron Homes.

Adenike Abosede Ajobo stands out as a highly regarded authority in the fields of corporate branding, public relations, business repositioning, and organizational strategy. She holds a degree in Linguistics from the prestigious University of Ibadan and has further enhanced her expertise with an Ordinary National Diploma (OND) in Marketing from The Polytechnic of Ibadan.

Her dedication to professional growth is reflected in her memberships with esteemed organizations, including the National Institute of Marketing of Nigeria (MNIMN), the Nigerian Institute of Public Relations (NIPR), and the Nigeria Institute of Personality Development and Customer Relationship Management (NIPD-CRM-dsgnt). These affiliations illustrate her unwavering commitment to continuous learning and excellence within her industry.

Adenike’s professional journey with Adron Homes commenced in January 2024 when she took on the role of Group Company Secretary. Her exceptional leadership skills and strategic vision quickly propelled her up the ranks, and she soon became the Deputy Managing Director of Southern Nigeria. Her impressive performance has now garnered her a well-deserved promotion to the position of Managing Director at Adron Homes, where she is set to steer the company toward a promising future, leveraging her insights and experience to craft innovative strategies for growth and development.

Akinfe Olubunmi Omolara is an esteemed leader and achiever, recognized for her dedication to maximizing her potential in every role she undertakes. She is a graduate of Obafemi Awolowo University, lle-Ife, Osun State, with a Bachelor of Science degree in Microbiology. Her career journey at Adron Homes and Properties, reflects her remarkable growth and commitment to excellence. She has progressed through a range of pivotal roles, from Deputy Group Sales Manager, District Sales Manager, and Deputy District Sales Manager to Deputy Group Customer Relations Officer, Regional Chief Operating Officer, and Chief Operating Officer. Her leadership and strategic acumen continued to shine through her promotions as the Director of Sales and Marketer and later promoted as the Director General of Sales and Marketing. She has now been promoted to the position of Deputy Managing Director , where she will drive growth and operational efficiency for Adron Homes.

Ihuoma Udodirim Azuru’s journey is a testament to exceptional leadership and dedication. Her academic prowess shines through with a B.Sc in Accounting, M.Sc in Business Management, MBA in Human Resources and currently studying Law at the Leadership City University, underscoring her commitment to ongoing personal and professional development. Her career with the company began as Group Head Admin and HR, where she showcased her adaptive leadership style. Subsequently, she transitioned to the role of Director of Sales and Marketing (Southwest). Moreover, she was promoted to the prestigious role of Director General for Sales and Marketing at Adron Homes. Her exceptional leadership, dedication, and strategic vision within the organization leads to her appointment as the Assistant Managing Director Lagos Nigeria.

Odunola Ogundapo is a highly regarded sales and marketing professional, celebrated for her steadfast dedication and strategic insight, which have contributed to her impressive track record of success in the industry. She holds a Bachelor of Science degree in Geology from Olabisi Onabanjo University, where she developed a strong foundational knowledge of earth sciences. Further enhancing her expertise, she earned a Master’s degree in Sedimentary and Petroleum Geology from the prestigious University of Lagos, a program renowned for its rigorous approach and focus on the energy sector. This combination of academic credentials allows Odunola to meld deep scientific understanding with strategic business acumen, enabling her to deliver exceptional results in her professional endeavors.

Odunola embarked on her career in 2017 at Adron Homes and Properties Ltd, starting as a Business Executive. In this role, she quickly demonstrated her innate talents and passion for sales and marketing, employing a goal-driven approach that not only set her apart but also paved the way for her rapid advancement within the company. Her commitment to excellence and her ability to forge strong relationships with clients and stakeholders led to her recognition as a rising star in the organization.

Currently serving as the Assistant Managing Director, Odunola plays a pivotal role in shaping and executing innovative strategies aimed at driving growth and enhancing the company’s market position. Her forward-thinking mindset and comprehensive understanding of market dynamics allow her to identify and seize new opportunities effectively. Under her leadership, the team is not only motivated but also encouraged to think creatively and push boundaries, resulting in increased productivity and morale.

Odunola’s leadership style is characterized by a unique blend of optimism and resilience, which fosters a collaborative and inclusive work environment. She prioritizes the development of her team members, nurturing their potential and empowering them to become future leaders in the organization. This commitment to mentorship and professional growth among her staff has created a culture of excellence that thrives on teamwork and innovation, ensuring that everyone is aligned with the company’s vision and goals. Through her unwavering dedication to her work and her ability to inspire those around her, Odunola Ogundapo continues to make a significant impact in the sales and marketing realm.

Aminat Olaniyan Haastrup is an inspirational customer service specialist, deeply committed to creating exceptional service experiences. With a strong educational background in Estate Management and Customer Experience, she earned her degree from Yaba College of Technology. An Associate Member of The Association of Business Practitioners (ABP) in the UK and a fellow of the Chartered Institute of Customer Relationship Management, Aminat’s journey began as the Director of Customer Services. Renowned for her dedication to customer-centric strategies, she passionately pursues unparalleled service excellence. Through transformative initiatives across the company’s customer relations landscape, Aminat has inspired those around her and achieved her new role as the Director General of Customer Service.

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