Nigeria stands to earn no less than $500 million from cement exports alone annually, according to Aliko Dangote, founder and president/chief executive of the Dangote Group.
Speaking during a high-level conversation titled “The Path to Making Africa Great Again” with CNN’s Eleni Giokos at the Afreximbank Annual Meetings, Dangote highlighted how strategic industrial policies and backward integration are transforming Nigeria into a major manufacturing and export hub for cement and other commodities.
“And now, also, Nigeria is the largest exporter of cement in Africa,” Dangote declared. “When we finish our factory, it’s 100 percent for export. And Nigeria will not earn less than $500 million of just exporting cement.”
