Nigerian businessman Dahiru Mangal redefines the cement industry with new $1.5-billion plant
Key Points:
- Dahiru Mangal’s $1.5-billion cement plant in Moba, Kogi State, is set to produce 200 trucks of cement daily.
- The plant will create 10,000 direct jobs and hundreds of thousands of indirect jobs, boosting the local economy.
- Adhering to strict environmental standards, the plant incorporates advanced technology, emphasizing sustainability in industrial practices.
Nigerian businessman Dahiru Mangal is making waves in the cement industry, launching the first bags of cement from his $1.5-billion plant in Moba, Kogi State.
The establishment of Mangal Cement Company Limited reveals a shift in the industry, positioning Mangal as a formidable contender against established giants like Africa’s richest man Aliko Dangote and Abdul Samad Rabiu.
Substantial production and job creation
Mangal’s new facility is set to produce 200 trucks of cement daily, symbolizing a potential boon for Nigeria’s infrastructure development.
The plant not only boosts production capacity but also creates 10,000 direct jobs, with hundreds of thousands more benefiting indirectly. This massive employment opportunity shows Mangal’s commitment to contributing positively to the local economy.
The journey to establishing the cement plant began in November 2021 when Mangal Industries partnered with Chinese firm Sinoma. Despite an initial budget of $600 million, financial challenges, including a fluctuating naira, escalated the investment to $1.5 billion.
However, Mangal’s determination pushed the project through, illustrating his resilience and dedication to industrial growth.
Sustainability and innovation at the forefront
The Mangal Cement plant is not just an industrial expansion; it also represents a commitment to sustainability and cutting-edge technology.
Led by Mangal, the facility adheres to stringent environmental standards and incorporates advanced manufacturing techniques, setting a new benchmark for ecological responsibility in the industry.
Dahiru Mangal is no stranger to entrepreneurship, with successful ventures in aviation through Max Air, and interests across transportation, textiles, agriculture, oil and gas, and construction.
His conglomerate, AFDIN Group, highlights his broad business expertise and vision. With this new venture, Mangal not only challenges existing market leaders but also sets the stage for future expansions that could redefine the economic landscape.
A new chapter in Nigeria’s cement industry
As Mangal Cement begins operations, the industry watches closely to see how this new player will influence market dynamics. Will Mangal’s bold strategies lead to a redefinition of leadership in the Nigerian cement industry, or will it inspire further innovations across the sector?
Whatever the outcome, Dahiru Mangal’s impact on the industry is undeniable, signaling a new era of competition and innovation in Nigerian business.