Exportation of Tinker By Dangote To Boost Nigeria’s Forex Drive

Dangote Cement is set to begin the exportation of tinker to the volume of 27,800 metric tons to a neighbouring African country.

With the historic maiden voyage from its export terminal located in Apapa Port, the company had made Nigeria, which until recently was one of the world’s largest bulk importers of cement, first self-sufficient in cement production, and now an exporter of cement clinker to other countries.

The exportation of clinker from the Dangote Cement Export Terminal will also place Nigeria as one of the leading clinker exporters in the world. The company is expected to increase the quantity of clinker export to other African countries within the next few weeks, it was further learnt.

It is the believe that this exportation of Tinker by the Dangote Company is to take advantage of the African Continental Free Trade Area (AFCTA) pact, and by so doing contribute to the improvement of intra-regional trade within the ECOWAS region.

MAN Lauds Dangote’s Exportation of Tinker Effort

The Manufacturing Association of Nigeria (MAN) has therefore commended Dangote Cement for leading the way for Nigeria to become one of the biggest cement and clinker exporter in the world.

Speaking during the departure of the ship conveying clinker from the Export Terminal at the weekend, Group Executive Director, Dangote Group, Sada Ladan-Baki, said the increased exportation of clinker and cement to other African countries would not only place Dangote Cement among top clinker exporters in the world, but would also boost Nigeria’s foreign exchange earnings and reduce unemployment in the country.

Mr Sada further said that “The beauty of what we have done is that we are going to be generating foreign exchange for the country in terms of dollars and Euros. For every batch of clinker we export, the money comes back to Nigeria. The amount we are talking about is not small. Presently, Dangote Cement should either be number one or number two exporter of cement in Africa and the revenue we have generated in the form of foreign exchange is running into millions. Today, we have formally launched the Dangote Cement Export Terminal. We are still going to do another major launch when the second ship is going out of the country,” he added.

Mr Sada recalled that only a few years ago, Nigeria was one of the world’s largest bulk importers of cement, saying that “Dangote has gradually made Nigeria self-sufficient in cement production as well as an exporter of clinker to other countries.”

He disclosed that the company would also be launching its export terminal in Onne in the next few days, adding that the export terminal would enable the company export clinker, initially to its grinding facility in Cameroon and then to new grinding plants the company is building across West Africa.

Source: AllAFRICA.COM / PREMIUM TIMES

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