FG reopens Dangote Cement, parties to continue talks

The Dangote Cement Plant in Obajana, Kogi State, has reopened after having been closed by the Kogi State Government due to questions regarding the legitimacy of the company’s acquisition of the defunct Obajana Cement Company.Infomation Guide Nigeria

The development followed Friday’s directive by the National Security Council to restart the cement mill.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

The Minister of the Interior, Rauf Aregbesola, informed the media that an agreement had been made between the Dangote Group and the Kogi State Government over the reopening of the factory, and he urged both parties to honour the deal.

Other Top Stories:

The plant reopened following a 10day dispute between the parties regarding the legitimacy of the acquisition of the cement mill.In a series of announcements released by its Commissioner of Information, Kingsley Fanwo, the Kogi State Government asserted that the acquisition of the cement plant by Africa’s wealthiest man did not adhere to legal requirements.

The state government, supported by its House of Assembly, said that the process surrounding the acquisition of the plant constituted asset appropriation.

According to a statement by DIL, Kogi State had no equity stake in Obajana Cement Plc.

The statement claimed that the plant and machinery were planned, designed, obtained, constructed, and paid for by DIL alone, well after it had acquired Obajana Cement Company’s shares.Jamb Result 

The business added that the property on which the Obajana Cement Plant is constructed was acquired by Dangote Industries Limited alone in 2003 and that annual taxes have been paid to the Kogi Government since production began in 2007.

Involved in the fight were also the Manufacturers Association of Nigeria, the Nigeria Labour Congress, the Nigerian Economic Summit Group, the Trade Union Congress, and the Shareholders Associations in Nigeria.

Check Jamb Result 
Check and Confirm: How much is Dollar to Naira

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada



Information is Power!

Don’t miss any valuable information or opportunity that can change your life, business, and family positively and permanently.


Click here to subscribe!

For Latest updates on News, Scholarships, Jobs & Business Ideas, and Other Opportunities.

👍Advertise your business on InfoGuideNigeria.com!

From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more.



Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).


The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

🤑 Start Making Money from home today!

👉 Get the correct FREE FOOTBALL PREDICTION TIPS and Guides today. Click here


🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here


Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker