Alhaji Aliko Dangote
Alhaji Aliko Dangote
News

Dangote Backs Federal Government On Border Closure

Funsho Akinwale

Alhaji Aliko Dangote, the President of the Dangote Group, on Thursday, backed the border closure policy of President Muhammadu Buhari.

Dangote, in his statement, denied the rumour that the policy was responsible for the drop in Dangote Cement’s profitability for the year 2019.

He added that the decision was one of the best policies the president had adopted for the country’s economy at this point in time.

“The company’s investment across Africa is also bearing the desired results as pan-African sales volume grew in the year 2019, hitting 9.6Mt from 9.4Mt,” Dangote stated.

“Dangote Cement Plant, Mtwara, Tanzania, recorded an increase of 94 per cent increase in volume within the review period.

“Dangote Cement Plant, Pout, Senegal put up a remarkable performance with sales up more than 100 per cent of rated capacity.

“The Nigerian operations maintained volume and revenue performance in a challenging environment. Export sales were affected by the border closure in the second half of 2019.”

He added, “Looking ahead, I expect an increase in volumes in 2020 as we commence clinker exports via shipping from Nigeria.”

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