Government gives 43% Onigbolo cement equity to Dangote Industries

Government gives 43% Onigbolo cement equity to Dangote Industries
Published: 22 September 2010

The Bureau of Public Enterprises (BPE) has handed over Nigerian government’s 43 % equity in Onigbolo Cement Company (OCC) in Benin Republic to Dangote Industries Limited (DIL.) The handover ceremony took place on Monday, at the company’s premises at Onigbolo.



The certificate of transfer was presented by the Director General of the BPE, Ms. Bolanle Onagoruwa, to Engineer Joseph Makoju, A Special Adviser to Alhaji Aliko Dangote. 

Onagoruwa said the privatisation of the cement company is purposed to ensure the greater development of the cement industry in the West African sub-region and promised that the BPE in collaboration with its Beninoise counterpart will offer all statutory assistance to make the new owners succeed.

According to her, "we owe that as a duty to our people whose mandate we have discharged by selling our equities in the company to them."