Border Closure: Dangote reacts, says report of sole cement export misleading, mischievous

Aliko-Dangote Aliko-Dangote

The management of Dangote Group has described as misleading reports that the company was granted sole approval to export cement through the land borders.

In a statement Tuesday, the company said it was not the only company enjoying such privilege to move goods through the land borders.

PREMIUM TIMES had reported how facts emerged on Monday that despite the border closure policy put in place, the Nigerian government had allowed Dangote Cement to resume cement export across its land borders.

According to Bloomberg, President Muhammadu Buhari's administration gave its authorization for Africa's biggest producer to export cement to Niger and Togo in the third quarter for the first time in ten months.

The revelations were made by Michel Puchercos, chief executive officer of Dangote Cement, on an investor call in Lagos.

The management of Dangote Group has described as misleading reports that the company was granted sole approval to export cement through the land borders.

In a statement Tuesday, the company said it was not the only company enjoying such privilege to move goods through the land borders.

PREMIUM TIMES had reported how facts emerged on Monday that despite the border closure policy put in place, the Nigerian government had allowed Dangote Cement to resume cement export across its land borders.

According to Bloomberg, President Muhammadu Buhari's administration gave its authorization for Africa's biggest producer to export cement to Niger and Togo in the third quarter for the first time in ten months.

The revelations were made by Michel Puchercos, chief executive officer of Dangote Cement, on an investor call in Lagos.

"Chief Executive Officer, Dangote Cement, Michel Puchercos, in his presentation on investor call held this week explained that the company is continuously focused on exporting cement to West and Central Africa by sea through its export terminals," the statement said.

"He added that six vessels of clinker were exported in the third quarter of 2020 via the Apapa export terminal, while plans are on track to commission the Port Harcourt export terminal before the end of this year.

"For the quarter, Dangote Cement exported only 69 kilotonnes of cement via the land borders, compared to previous volumes of 180 kilotonnes before the border closures, which indicates just 38 per cent of the export volumes."

Source: By Oladeinde Olawoyin