The Dangote Group has started building $1 billion dollars cement factory in Okpella, Edo State, to expand its cement production in Nigeria.

The News Agency of Nigeria (NAN) reports that the six million metric tonnes per annum (mmtpa) Okpella plant and the upcoming six mmtpa plant in Itori, Ogun State will increase the company’s local production capacity to 41 mmtpa annually.

The Okpella project, which is to be constructed within 26 months, will provide 6000 direct jobs and 45,000 indirect jobs in the community.

Kayode Fayemi, minister of Solid Minerals, said at the ground breaking ceremony at Okpella on Sunday, April 10, that the cement plant was an evidence that the diversification agenda of the Federal Government was already working.

Fayemi said that the cement plant would be a model that would bring positive changes to the nation’s solid minerals sector in the areas of job creation, foreign exchange earnings and local content promotion.

He said that mining sector was currently contributing 0.34 per cent to the GDP and had potential to contribute over 25 million dollars annually to the economy by 2025.

Fayemi advised other investors to take a cue from Dangote’s commitment and support to transform the nation’s economy through active participation.

Okechukwu Enelamah, minister for Trade, Industry and Investment, commended the expansion drive of Dangote Group through its commitment to liberate the country from cement importation, increased job creation and foreign exchange earnings.

“Dangote Group is the second largest employer of labour in the country, se‎cond to the Federal Government. ‎The Ministry of Trade, Industry and Investment will continue to partner with Dangote in providing the necessary support for investment growth in the country,” Enelamah who was represented by Aisha Abubakar, minister of State for Trade, Industry and Investment.

Aliko Dangote, chief executive officer of Dangote Group, said that local cement manufacturers were saving the country three billion dollars annually through cement import substitution.

“The additional investment in the sector will guarantee that we always meet local demand as well as surplus for export and foreign exchange generation.”

Dangote urged other investors to explore investment opportunities in the country considering the federal government’s readiness to resuscitate the industrial sector through investment friendly policies.

“A key factor that drives investments in an economy is the presence of an investor-friendly business climate.”

Dangote said that economic reforms in the areas of tax, innovations in rural finance and investment in infrastructure created the enabling environment that made him consider investing in Edo State.

Yusuf Dirisu, the monarch of Okpella, commended the commitment of Dangote Group to the establishment of the plant, while pledging the community’s support to provide enabling environment for the investment to thrive.