Dangote’s Assembly Plant – In a 60-50 percent partnership, the chief corporate communication officer of Dangote Group, Mr Anthony Chiejina, has confirmed that Dangote is working with China’s heavy duty truck group Sinotruck to assemble trucks and cars in Nigeria.
The newly promoted assembly plant at Ikeja, Lagos is expected to kick off operations this week.
The assembled cars and trucks will be for local use and for exports to other West African countries.
Pointing out the fact that transportation of goods is a concern in the Nigerian business industry, Africa’s richest has sorted a way to bridge the gap created by that necessity.
Edwin Devakumar, Executive Director of Dangote Group, said:
“It aims to meet an expected increased demand for transport in the country as the government focuses on boosting agriculture and farmers need to move goods across the vast country.”
“The Dangote Group has a fleet size of 12,000 trucks and large users. One of the biggest challenges in the market today is logistics because we do not have a proper transport network.”
The soon to be functional assembly plant is estimated to a worth of $100 million. It will assemble about 16 trucks per day and about 10,000 trucks per year.
The official statement released by the Dangote Group hints that the facility would expand into vehicle manufacturing.
As an economic advantage, transporting good via the trucks will “conserve forex in view of the current economic recession,”.
“As it meets the national truck demand, it will explore exportation to neighboring countries to generate foreign exchange for the nation.”
Adding to the forex advantage, Dangote’s assembly plant will create about 3000 jobs.
According to Edwin Devakumar, Dangote who has shut down operations in a couple of his factories as an effect of the current Nigerian economic recession, still intends to launch operations in his $17 billion oil refinery plant by October 2019.