Following the trail of Aliko Dangote and Abdul Samad Rabiu, owners of Dangote and BUA cement plants, business tycoon Alhaji Dahiru Barau Mangal is set to build a cement factory and a power plant.
Already his company, Dahiru Mangal Industries has signed a $600 million (about N246.3 billion) agreement with China Sinoma International Engineering, to build a three-million metric ton per annum cement plant with 50 megawatts (MW) of captive power plant in Kogi State, the same State hosting Dangote’s Obajana Cement.
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The Chief Executive Officer, Dahiru Mangal Industries, Engr. Fahad Mangal, who announced this in a statement, said the project, which is part of its growth strategy, is expected to be completed in 2024.
Mangal said the factory will rely on the best available technology for cement production and in line with the highest environmental standards.
“It is designed to be one of the most sustainable in the sector,” the statement said.
Mangal is investing strategically in the West African cement industry to enable the Nigerian economy to bridge the huge infrastructure and housing deficit in the largest economy of the region.
This investment reinforces Mangal’s commitment to Nigeria’s development and reflects its confidence in the favourable outlook of the economy in the country and the region, the statement said.
Mangal is the Chairman of Max Air Limited, an active airline operating domestic, regional and international flight network.
His other investments include transportation, oil and gas and construction, according to report.
In the construction sector, Mangal owns Afdin Construction Limited which delivered several roads in Katsina, among others.
He is also the chairman of Dragon Oil and Gas, with over two decades of successful track record and laudable achievements.
He successfully piloted the company to an enviable height of being one of the major private airlines in Nigeria.
According to his profile on the oil and gas website, Mangal is a business mogul, entrepreneur, industrialist, and philanthropist with businesses and interests in several sectors in Nigeria, West Africa and the Middle East, including Air and Land transportation, Oil and Gas, Banking, Agriculture, Construction, Real Estate, Mining amongst others.
A Wikipedia profile also said he was a Non — Executive Director of MRS Oil Nigeria Plc before resigning in November 17, 2017 while retaining major shares in Oando Plc.