Nigerian billionaire Dahiru Mangal has completed the construction of a $1.5 billion cement plant located in Moba, Kogi State.
The state of the art facility, built by Mangal Cement Company Limited, has already rolled out its first bag of cement and is set to produce approximately 200 trucks of cement daily.
This ambitious project positions Mangal Cement as a significant new competitor in the Nigerian cement industry, challenging established giants such as Dangote, BUA, and Lafarge Cement.
The construction of the plant began following a deal signed in November 2021 with the Chinese firm Sinoma, known for its expertise in building large-scale industrial plants.
The new facility in Kogi State marks a major milestone for Dahiru Mangal, who hails from Katsina.
His foray into the cement industry is expected to have a substantial impact on the local economy by creating jobs and increasing the supply of cement in Nigeria.
Pascal Oparada from Henzodaily.ng, a seasoned reporter reported on this significant development.
The establishment of Mangal Cement Company Limited is a testament to Mangal’s vision and commitment to contributing to Nigeria’s industrial growth and development.
The many businesses of Mangal The Max Air boss is reportedly involved in many ventures, including transportation, textile, agriculture, oil and gas, and construction.
The development comes as Dangote Cement reportedly lost about N1 trillion in market share in July as investors’ sentiments shifted.
