The National Port Authority of Liberia and Dangote Cement Liberia Limited, a company owned by Nigeria business man and Africa’s billionaire, Aliko Dangote signed a lease agreement for the building of a plant to be use for grinding and packaging cement at the Freeport of Monrovia.
Speaking at the signing ceremony, Hon. Morris Dukuly, Chairman of the Board of the National Port Authority said “the Dangote investment when kicked-off, will reduce the cost of cement on the Liberia market” which according to him will positively impact the cost of construction. The NPA Board Chair furthered that the investment will provide employment for Liberians, something he said will drastically impact the economy in a positive way.
For his part Mr. Aliko Dangote the Chief Executive Officer of Dangote Cement Liberia Limited thanked the government of Liberia for allowing his company to invest in Liberia. He said his investment in Liberia will, for the first three years initially focus on the production and packaging of cement and in the fifth year forward engage in importation of coal for the generation and distribution of cheap power (electricity) to Liberians.
Hon. Morris Duckly, and Madam Matilda Parker, Chairman of the Board and Managing Director of the National Port Authority, respectively signed on behalf of the NPA while Mr. Aliko Dangote and Mr. Joseph Makoju signed on behalf of Dangote Cement Liberia Limited.