Femi Otedola, a distinguished Nigerian entrepreneur and investor, has announced a significant acquisition of shares in Dangote Cement, the only cement company in Nigeria with two export terminals, with a combined export capacity of eight million tons per annum. This strategic investment underscores Mr Otedola’s confidence in Dangote Cement’s potential to generate foreign exchange for the country and his dedication to supporting businesses that contribute to Nigeria’s economic resilience.
Femi Otedola , a distinguished Nigerian entrepreneur and investor, has announced a significant acquisition of shares in Dangote Cement , the only cement company in Nigeria with two export terminals , with a combined export capacity of eight million tons per annum. This strategic investment underscores Mr Otedola’s confidence in Dangote Cement ’s potential to generate foreign exchange for the country and his dedication to supporting businesses that contribute to Nigeria’s economic resilience .
The businessman did not however disclose the volume of shares he acquired, although PREMIUM TIMES had exclusively reported that he bought N6 billion worth of stocks in the company.boasts an annual production capacity of 51.6 million tons across ten countries. This extensive footprint not only highlights the company’s dominance in the cement industry but also its crucial role in driving economic growth across the regio
Femi Otedola Nigerian Entrepreneur Investor Acquisition Shares Dangote Cement Export Terminals Foreign Exchange Economic Resilience
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