Nigerians might have it good soon as Africa's richest man Aliko Dangote is about to create about 3,000 jobs.
Aliko Dangote
Aliko Dangote's decision to open an assembly plant in Lagos will
create about 3,000 jobs it has been learnt. The plant will be used to
assemble Chinese heavy duty trucks.
The deal for the $100 million, 10,000 per year capacity plant was
signed in May 2014, according to China Daily, making it the eighth of
Shandong, China-based National Heavy Duty Truck Group Company Limited
(Sinotruk), to be built abroad.
The plant will be 60 per cent owned by Dangote Group, trading under
Dangote Industries Limited, leaving Sinotruk with the remaining 40 per
cent equity stake.
Consequently, Dangote Agro Sacks Limited, which occupied the Ogba
premises until recently, has been relocated closer to the group’s major
operational hubs, particularly the cement plants in Obajana, Kogi State
and Ibeshe, Ogun State.
Nigeria remains one of the most important markets for Sinotruk,
with Dangote Group using the product for distribution of its products,
like cement, sugar, flour and pasta, among others, even in its plants
across the continent.
The deal is also coming ahead of next year’s opening of the $17
billion, 650,000 barrels per day capacity Dangote Refinery located in
Lagos expected, to begin operations next year, creating over 300,000
direct and indirect jobs by first quarter of 2019, which would require a
lot of long trucks for product distribution.
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