This is according to Dangote Group Executive Director Devakumar Edwin. He made the statement during a September 18 interview with S&P Global Commodity Insights.
Browsing: Devakumar Edwin
With a turnover of $1.2 billion, the 900,000 metric tonnes per annum capacity Dangote Petrochemical plant, situated alongside the Dangote Refinery, has been strategically positioned to cater to the demands of the growing plastic processing downstream industries, not only in Africa, but also in other parts of the world.
Dangote’s Group Executive Director, Strategy, Portfolio Development & Capital Projects, Devakumar Edwin revealed that, while a bag of cement sells for an equivalent of $5.1, including VAT in Nigeria, it sells for $7.2 in Ghana and $5.95 in Zambia ex-factory, inclusive of all taxes. He said that though the company has direct control over its ex-factory prices, it cannot control the ultimate price of cement when it gets to the market. He advised that it is important to distinguish Dangote’s ex-factory prices from prices at which retailers sell cement in the market.
Already, the cement company, despite an installed capacity of 29.3Mta in Nigeria, is targeting an expanded entity in-country and in Cameroon, while new plants will soon be ready for commissioning in Niger, Benin, Ghana, Cote d’Ivoire and Togo.
The donation of the school, which is meant to serve the Abejoye community in Ibeju-Lekki area of Lagos, is coming on the heels of provision of empowerment to farmers in the area, whose lands fall into the area taken over by the state government and designated as part of the free trade zone.
The Group Executive Director, Strategy and Capital Projects, Dangote Industries Limited, Devakumar Edwin, told reporters at the site that the company’s refinery has potential to turn around Nigeria’s economy with the employment of thousands of Nigerians for direct and indirect jobs.
The training, which was flagged-off by Dangote Group Executive Director, Strategy, Capital Projects and Portfolio Development, Devakumar Edwin, is aimed at curbing unemployment among the youths.
Agriculture, according to the group, is the most visible way of addressing the high unemployment rate in the country.
The Group Executive Director, Strategy, Capital Projects and Portfolio Development, Devakumar Edwin, said at the conference that the refinery would soon come on stream to the benefit of the region whose economy had largely depended on imports from Europe and the West
Sulphur in petroleum fuels results in vehicle exhaust emissions that have negative impact on health and environment.
Devakumar Edwin, Group Executive Director, Dangote Refinery, said on Tuesday that the planned 650,000 barrel per day capacity petrochemical refinery would transform and diversify Nigeria’s economy when completed.
The project will put Nigeria on the global map as major oil and gas hub in Africa, the Group Executive Director, Devakumar Edwin, has hinted
Dangote’s Executive Director, Devakumar Edwin, frowned at the media war instigated by BUA against the Dangote Group over a matter which is already pending before the Federal High Court, Benin Division
The Dangote Youth Rice Farm project, mainly an outgrower scheme for youths only, was flagged off at the Lower Niger River Basin Authority, Kampe, Ejiba in Yagba West local Government Area of Kogi State, where youth have embarked on rice cultivation over 100 hectares of land