……..expresses interest in establishing cement factory in Gombe
The President of Dangote Group, Aliko Dangote, has said in few days diesel will be sold at N1000 nationwide, adding that profiteers overtime have benefitted from the rise in price.
Dangote made this disclosure in Gombe while fielding answers to journalists on Saturday shortly after attending wedding fatiha.
According to him, his firm thought it expedient to reduce due to its patriotism, stressing that diesel is one of the commonest commodities with huge impact.
He said, “It’s to demonstrate that we are very patriotic. When we looked at it Diesel affects the lives of everybody, even when we buy tomatoes, cost of production. We looked at it to see how we can bring the cost down.”
Explaining further on the possible impact of the drop in price, Dangote decried the activities of profiteers, adding, “Some persons have held the business for a very long time they were profiteering but we decided that we can afford to sell it at N1000 which is 60 per cent drop. Areas like here (Gombe), Borno, Bauchi it was selling for N1,700 – N1,800 but right now in the next few days you will not buy diesel for more than N1000 anywhere in Nigeria.”
On possible business opportunities in Gombe, Dangote disclosed that it costs his company billions to transport cement into the North-East region adding that it would be a lot cheaper to produce in Gombe, “We are looking at the possibilities of investing in cement in the state the state should be one of the major producers of cement because there is no cement factory in the entire North-East. This is a very lucrative area because you are neighbouring states like Borno where you can easily go to Cameroon and Chad. If you produce 20 times of what you are producing it will be consumed. We are spending billions of naira to bring cement to North-East, it’s most cheapest. We have the limestone and others here, if we have opportunity we definitely will invest,” he added.
