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Africa's Richest Man Begins Construction Of New $1 Billion Cement Plant In Nigeria

Aliko Dangote
 Dangote Cement, Africa’s largest cement producer which is controlled by Nigerian billionaire Aliko Dangote, on Sunday began the construction of a new $1 billion cement factory in Okpella, Edo state, in Nigeria’s southern region.
According to a report by Leadership newspapers, the new 6 million metric tonnes per annum (mmtpa) cement plant will be completed within 26 months and is expected to create 6,000 direct jobs and 45,000 indirect jobs for indigenes of Okpella.
Speaking during the groundbreaking ceremony on Sunday, Dangote said that local cement manufacturers such as his company and BUA Group (which is owned by fellow billionaire Abdulsamad Rabiu), were saving Nigeria as much as $3 billion every year through cement import substitution. He also urged other investors to make additional investment in the sector as it would guarantee that local demands were met, while surpluses would be exported to earn Nigeria much needed foreign exchange.
Apart from the 6-mmtpa Okpella plant Dangote has started building, he is also currently constructing another 6-mmtpa plant in Itori, Ogun State. These news plants will increase Dangote Cement’s local production capacity to 41 mmtpa annually.
Dangote, 59, is Africa’s richest man with a current net worth of $17.3 billion according to the FORBES’ real-time billionaire scoreboard on Tuesday.

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THE MAN PETER MBAH

Peter Mbah was born on the 17th, March 1972
He started his primary education in 1978. He attended the Army Children School, Bori Camp, Port Harcourt where he obtained his 1st School Leaving Certificate in 1984. In the same year, he proceeded to Owode High School, Owode Egba, Ogun State and in 1990, he graduated with a Senior Secondary Certificate in Education (SSCE) (O’Levels).
An adventurous Mbah obtained a Certificate in German as Foreign Language from the VolkHoch Schule, Recklinghausen, Germany in 1992. Between 1997 and year 2000, he attended the University of East London, United Kingdom where he graduated as a lawyer (.L.L.B (Hons)) with a Second Class Upper Division. While at the School, Mbah was an outstanding President of the Student Law Society (1998-1999). During his tenure, the association won the Students Union’s prize and certificate of achievement for the “Most Productive Society of the Year”.