AGS NEWS – Despite facing accusations of attempting to monopolize Nigeria’s oil sector, Alhaji Aliko Dangote, President of Dangote Industries Limited, has received an invitation from President Brice Nguema of Gabon to invest in the country’s cement and fertilizer production sectors.

According to a statement from Dangote Group’s media office, President Nguema invited Dangote to explore investment opportunities in Gabon’s cement and fertilizer industries, specifically in urea and phosphate production.

Dangote engaged in discussions with Nguema and other top officials about contributing to Gabon’s economic growth through the establishment of these plants, which are crucial for infrastructure and agricultural development.

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President Nguema expressed enthusiasm for the potential partnership, emphasizing Gabon’s commitment to a conducive investment environment and highlighting benefits such as job creation, technology transfer, and enhanced industrial capacity.

Dangote reiterated his company’s dedication to economic development across Africa, noting that investing in Gabon’s sectors aligns with Dangote Industries’ strategic vision of supporting sustainable development.

The visit marks a significant step toward strengthening economic ties between Nigeria and Gabon. As both nations explore and finalize investment opportunities, mutual benefits are anticipated to drive economic progress and regional integration.

The potential investments by Dangote Industries are expected to bolster Gabon’s industrial landscape, providing essential materials for construction and agriculture, and aligning with President Nguema’s vision for a diversified economy.

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Further discussions and assessments will be conducted in the coming months to finalize the investment plans, promising a robust partnership impacting Gabon’s economy.

This development follows Dangote’s recent announcement to avoid investing in steel to sidestep monopolist accusations and comes amid scrutiny of his refinery’s diesel quality compared to imports.