Business
Dangote Plans Rail Lines To Reduce Cement Cost
The Dangote Group says it will soon construct rail tracks from all its cement factories to the national railway to reduce transportation and cost of the product.
Mr. Akin Adesokan, The Managing Director of Dangote Cement Terminal in Lagos, disclosed this on Sunday when he conducted distributors round the Dangote Cement Factory in Ibese in Ogun.
He said the project was necessary because the cost of transporting bulky goods such as cement in the country was still a challenge.
Adesokan said Dangote would also establish a vessel freight to boost the exportation of goods to the Economic Community of West African States (ECOWAS) markets.
He said the move was to forge a strong bilateral trade relationship amongst the ECOWAS member-countries.
Adesokan said with the vessel freight, the movement of goods outside and within the country would reduce the cost of haulage and the product. “The challenge is taking our goods from the factory to the ports, and since there is no railway system, it makes transportation of bulky goods burdensome,’’ he said.
The official said Dangote had invested heavily on haulage because the company has bought over 2,000 trucks to distribute cement to all depots in the country.
“This is our own Corporate Social Responsibility and no other company has done this.
“The price will definitely come down because the Chairman of Dangote Group, Alhaji Aliko Dangote, has the interest of Nigerians at heart.
“He wants to bring down the price of cement to the barest minimum so that everybody can afford it.
“The factory in Ibese has the capacity to produce six million tonnes of cement per annum and it is to bring cement to every part of the South-West region.
“Before now, we cannot bring cement from Obajana down to the South-West. But, with this factory now, it will be a thing of the past.
“From Ibese, we can take cement to Ibadan, Oyo, Ogun and all other parts of the South West region,” he said.
Adesokan said he took cement distributors to the factory because he wanted them to see the extent of readiness of the factory.
He pointed out that the demand for cement in the country was currently about 17 million metric tonnes annually but envisaged that the demand would increase this year.
The official assured that the Ibese factory would be completed this month, while the first batch of production would follow immediately.
A distributor with the Ifelodun Cement Dealers Association, Ewekoro, Mr. Abodunrin Matthew, called on the federal government to address the issue of transportation infrastructure in the country.
“What we need from the government are good roads, because there is a shortcut to the Ibese factory through Apapa to Lagos-Ibadan expressway. “The government has to support local manufacturing companies like Dangote for it to help the country stop the importation of some goods into the country,” Matthew said.
Another distributor, the chief executive officer of David Excellence Nigeria Limited, Mr.Ade Shaleye, advised that the Dangote company must put in place infrastructure.
He said this would help to make its goods available to distributors at less cost.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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