The Dangote Group in Nigeria has just opened the largest cement plant in Africa.
The Obajana plant is situated in central Kogi State and is expected to produce over 10 million tonnes of cement a year.
Established in 1981 as a trading business; cement, flour, fish and salt are just some of the goods the company trades in. Over the years they have grown to become one of Africa’s largest corporations, whilst recently topping the Forbes list of top 25 companies in West Africa.
The new plant is one of the country’s biggest investments outside the oil sector; which Africa is better known for.
BBC Nigeria correspondent Will Ross says there is plenty of reasons to be optimistic about Africa’s economic prospects as this move is sure to put Africa on the business map.
Nigeria’s economy is expected to grow by about 6% this year, which is fantastic news for the people of the country, opening doors of employment opportunities for Nigerians from all walks of life.
The launch ceremony was said to have been a very glitzy and glamorous affair, with plenty of personal wealth on display as Nigeria’s elite came together to celebrate this massive industrial success.
President of Nigeria Goodluck Jonathan was quoted to have called the plant a “quantum leap” for Nigeria’s business sector.
The Dangote Group has invested $6.5bn (£4.2bn) in the cement sector in recent years and it seems to be paying off.