Dangote Industries Limited (DIL) entered into an agreement with China Sinoma International Engineering to build a 6 million tons per annum cement plant in Itori, Ogun State. This $1 billion investment is expected to be completed in 2024 and will increase Dangote’s total production capacity to 41.25 million tons per annum in Nigeria.
Nestlé is currently building a distribution centre for Milo and Golden Morn at its Flowergate factory in Sagamu, Ogun State. This expansion is part of Nestlé’s commitment to enhancing its production and distribution capabilities in Nigeria. The company has invested over 74 billion naira in Nigeria over the past five years.
Emzor Pharmaceuticals announced plans to build a $23 million Active Pharmaceutical Ingredients (API) facility in Sagamu, Ogun State. This project aims to reduce Nigeria’s dependence on imported APIs and is expected to create over 500 direct and indirect jobs. The facility will be built on a 60-acre site and is part of Emzor’s broader expansion plans.
BUA Cement is carrying out expansion of its production facilities to increase its output and share of the Nigerian market and West Africa. The company plans to increase its production capacity from 11 million tons per annum to 17 million tons per annum by 2023. This expansion includes new plants in Sokoto and Obu, Edo State.
Erakson Nigeria announced the construction of the ERASKON lubricant and chemical blending plant in Gbarain, Bayelsa State, Nigeria, with a production capacity of 64,000 liters per day. The $40 million plant is expected to be completed by the end of 2023 and will create over 1,000 direct and indirect jobs. It will produce a wide range of lubricants for various industries, including the automotive, industrial, and marine sectors.
Transcorp Hotels, according to the company’s 2023 financial statement, had commitments to the tune of ₦1.8 billion for building a new event centre in its facility. This expansion is part of Transcorp’s strategy to diversify its offerings and enhance its position in the hospitality sector. The new event centre is expected to cater to high-end corporate and social events, further solidifying Transcorp’s position as a leading luxury hotel brand in Nigeria.
These projects collectively represent significant investments in Nigeria’s industrial and hospitality sectors, contributing to job creation, economic growth, and reduced dependence on imports.
