CEMENT PLANT OWNERSHIP: FG Reopens Obajana’s Cement Plant

Munachimso
Munachimso

By Munachimso Obienyi

The Dangote Cement Plant located in Obajana, Kogi State, has been reopened after being closed by the Kogi State Government over issues bordering on the legality of the company’s acquisition of the defunct Obajana Cement Company.

The development followed an order by the National Security Council on Friday directing the reopening of the cement plant.

The Minister of Interior, Rauf Aregbesola, had informed newsmen that an agreement had been reached between the Dangote Group and the Kogi State Government on the need to reopen the factory while urging both parties to respect the agreement.

The reopening of the plant came after a 10-day disagreement by both parties over the legality of the acquisition of the cement plant.

In a series of statements by its Commissioner of Information, Kingsley Fanwo, the Kogi State Government had maintained that the acquisition of the cement plant by Africa’s richest man did not follow due process.

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