Aliko Dangote Announces New Steel Production Venture, Aiming to Boost Nigeria’s Industrial Capacity

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By Dave 

Nassau, The Bahamas – June 13, 2024

Africa’s wealthiest man and renowned industrialist, Aliko Dangote, has unveiled his latest ambitious endeavor: a steel production company. This announcement follows closely on the heels of the recent inauguration of his state-of-the-art truck assembly plant and the completion of his massive 650,000 barrels per day (BPD) refinery.


Speaking at the Afreximbank Annual Meetings (AAN) and AfriCaribbean Trade & Investment Forum in Nassau, Dangote emphasized the importance of domestic investment in driving Africa’s economic growth. He stated, “We want to ensure that every single steel product we use originates from Nigeria. Foreign investors can’t make our continent great; it’s the domestic investors who pave the way.”Celebrity gossip app for free 

Dangote’s new steel venture is poised to significantly enhance Nigeria’s steel production capacity, further solidifying his legacy as a transformative force in the country’s industrial landscape. With his track record of success, Dangote aims to replicate the impact he has achieved with his other ventures.

As the business world eagerly awaits further details, one thing is certain: Aliko Dangote’s commitment to homegrown innovation and investment remains unwavering. His vision for a self-reliant Africa continues to inspire entrepreneurs and investors across the continent.

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