CEO of Dangote Group, Alhaji Aliko Dangote, has alleged that Nigeria’s inability to export abundant solid minerals stems from insufficient seaport capacity, hindering economic growth from the mining sector.
Dangote speaking during an interview from 4:25 with Channels TV identified port congestion as the primary obstacle to mineral exports. “Nigeria has a lot of solid minerals, but the only thing that is stopping us from using these solid minerals is actually the ports. Which port are you going to take them to? Is it Apapa? It’s full. Is it Tin Can Island? It’s full. Lekki is the only container that they are handling. So there’s nowhere you can take them. For example—Nigeria has coal. If you are going to export it, you can’t export it because there’s no way. If you have copper you want to export, we can not,” he said.
The billionaire industrialist announced his solution to the port capacity crisis through the development of the Olokola deep-sea port in Ogun State.
Dangote stated that many Nigerians remain unaware of the Olokola project’s significance to the country’s export ambitions. He guaranteed that Olokola would become West Africa’s largest and most capable deep-sea port upon completion within two and a half years. View, More,
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