President of Dangote Group, Alhaji Aliko Dangote
The construction of Nigerian cement giant, Dangote Cement Plc's $115
million (N18.2 billion) new plant in the Cameroonian economic hub of
Douala has restarted after a land dispute was resolved.
Work on the 1.5 million tonnes-a-year plant began last September and
was due to last 18 months. But it was halted earlier this year after the
ethnic Sawa people filed an injunction against the project, complaining
it violated their sacred site on the banks of the Wouri River,
reported reuters.com.
"Following instructions from the Presidency of the Republic, work has
resumed at the Dangote cement factory," the Governor of the Littoral
Region, Joseph Beti Assomo said.
He added: "Let me seize this opportunity to inform you that the mix-ups
surrounding the site of the Dangote project have been entirely
dissipated to enable work resumption which must not be interrupted
again.”
Sawa representatives were not immediately available for comment but
several Douala residents confirmed that construction work was going
ahead last Monday.
Nigerian billionaire Aliko Dangote is aiming for a valuation of up to
$40 billion for his rapidly expanding cement company at its London
listing next year, several times that of top global rival Lafarge.
Enough employment opportunities and tax revenues for the Cameroonian economy. I think you should've saturated Nigeria with such investments before branching out. Infrastructural decay here may make it difficult I guess. Well done.
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