National Telescope national telescope newspaper
The House of Representatives has expressed strong support for Dangote Group’s Industrialisation efforts, especially within Nigeria’s cement industry.
During a visit to the Dangote Cement plant in Obajana, Kogi State, federal lawmakers acknowledged the company’s substantial contributions to the nation’s economy.
Leading the delegation, Hon. Gaza Jonathan Gbefwi, Chairman of the House Committee on Solid Minerals, underscored the importance of collaboration between Nigeria’s political leaders and investors in fostering industrial growth.
He noted that Dangote Cement’s significant investments, job creation, and tax contributions are crucial to driving the country’s economic development.
While at the plant, the lawmakers also addressed the ongoing issue of rising cement prices. Mr. Arvind Pathak, Group Managing Director of Dangote Cement Plc, attributed the price increases to fluctuating exchange rates, noting that most inputs for cement production, excluding limestone, are imported and dollar-dependent. These inputs include machinery, spare parts, fuel, and gypsum, a critical raw material.
Pathak highlighted that the Dangote Group is the largest private-sector employer in Nigeria, with employee salaries seeing significant increases from 2021 to 2023.
He also pointed out that the company continues to play a pivotal role in the nation’s industrial landscape, contributing not only through direct employment but also by stimulating economic activity across various sectors.
The visit by the House of Representatives underscores the importance of private-sector investment in national development and the role of companies like Dangote Cement in shaping Nigeria’s industrial future.
