Nigerian billionaire, Alhaji Aliko Dangote, signed a 20-year agreement with the Liberian government in Monrovia last Friday.
The agreement paves the way for his company to build a cement factory at the Freeport of Monrovia.
Dangote is also president & chief executive officer (CEO) of Dangote Cement Group, Plc.
The deal was sealed at the Freeport of Monrovia. National Port Authority (NPA) head, Mrs. Matilda Parker, congratulated the Nigerian investor for demonstrating African solidarity by choosing to invest in Liberia.
“I gratefully expressed my gratitude to you, Dangote, and your company for extending operations to Liberia,” she said.
The NPA boss, who signed for the government of Liberia, pointed out that this investment will help to build up the Liberian economy. “It will speed up reconstruction, create more jobs and expand the economy,” Parker noted.
In brief remarks, Dangote expressed his company’s willingness to work with the government and people of Liberia to ensure the production and supply of quality and affordable cement on the local market.
According to him, the new investment, Dangote Cement-Liberia, is committed to job creation for Liberians with an initial employment opportunity for 250 Liberians.
The Dangote Group CEO also pledged his company’s commitment to being law abiding, to include paying their taxes on time. The US$20 million investment is expected to kick off within six weeks.