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Dangote Doles Out $150 Million on 2500 Trucks to Improve Distribution Across Businesses

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Dangote Cement - Investors King

Dangote Industries on Sunday revealed it has invested another $150 million on 2500 trucks to facilitate and improve distribution across its businesses.

This was disclosed in a statement issued by Group Head, Corporate Communications of Dangote Industries, Tony Chiejine.

He said Dangote Cement Plc purchased additional 2000 trucks, trailers, bulk tankers, tippers, cargo trucks and bulk cement tankers to meet the company’s rising demand across the country and create at least 4,000 jobs.

Chiejine said, “These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4,000 people in Nigeria. We have acquired the new trucks in line with our new expansion capacity in Obajana, Ibese, Gboko and the new cement plant coming up on stream at Okpella, Edo State in few weeks time.

According to him, Dangote Fertiliser had just taken delivery of 500 trucks from Dangote Sinotruk West Africa Limited, a joint venture between Dangote Industries Limited and Sinotruk China. Bringing the company’s total acquisition to 2500 trucks.

Alhaji Abdu Dantata, the Group Executive Director, Logistics and Distribution, Dangote Industries Limited, was quoted as saying, “We have acquired the new trucks in line with our new expansion capacity in Obajana, Ibese, Gboko and the new cement plant at Okpella.

“The acquisition is due to the growing needs of the business, especially as regards the increased trucking demands encountered lately, due to the surge in the demand for cement.”

He explained that “The establishment of our clinker export terminals at Apapa and Onne Port led to the purchase of heavy-duty tippers for haulage of clinker from the plants to the terminals.

“The introduction of these trucks would improve customers’ demand, improve on job creation in the country, as well as promote the economic development of Nigeria.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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