Connect with us

Business

Dangote Splashes N15bn in Gifts, Cash to Appreciate Cement Distributors

Published

on

The Dangote Cement Plc has celebrated its top distributors and customers with ₦15 billion worth of rewards for their continued loyalty, resilience, and outstanding performance.

The 2026 Distributors’ Awards Night, held at Eko Convention Centre, Victoria Island, Lagos, celebrated the company’s highest-performing partners under the theme “Partner for Growth.” Recipients received an impressive array of gifts, including cash prizes, containers of cement, high-end SUVs, and CNG-powered trucks, all valued at ₦15 billion

President/CE of Dangote Industries Limited, Aliko Dangote, speaking at the 2026 Distributors’ Awards Night, hailed the distributors as the heartbeat of the organisation and praised their dedication in ensuring the Dangote products reach communities nationwide.

“Your tireless work in the field, your alluring commitment to our products and your direct engagement with our customers are what turn our vision and strategies into tangible results. Today’s celebration, themed ‘Partner for Growth,’ is a testament that our growth journey for 2026 has already begun,” he expressed.

Dangote used the occasion to reiterate the company’s Vision 2030 strategy, aimed at transforming Dangote Group into a $100 billion enterprise by 2030. The plan, he explained, focuses on industrial expansion, cross-border investments, and building Africa’s self-sufficiency in sectors such as energy, manufacturing, and infrastructure.

ALSO READ: Budget Office Clarifies Salary Narrative on NEDC Allocation

The African industrial titan disclosed that the Dangote Cement Group is targeting a cement production capacity expansion to approximately 90 million tonnes by 2030. He emphasised that the company’s ambition goes far beyond building factories. He explained that the focus is on building Africa’s capacity to feed itself, power its economy, develop its people, and drive sustainable industrialisation.

“Under this vision, we have announced the expansion of our petroleum refinery from 650,000 bpd to 1.4 million bpd, the fertiliser plant to 12 million metric tonnes per annum, and an increase in production at the polypropylene plant. Our cement company is also targeting a production capacity of approximately 90 million tonnes by 2030. And 90 million tons by 2030 means that we are 50 per cent more than the entire production of Saudi Arabia,” he said.

“Vision 2030, an integral aspect of our Africa First project, was borne out of my firm belief that Africa’s future will be built by Africans who refuse to accept limits – people who dream big, work hard, and never stop believing in what is possible.”

“Our ambition goes beyond building factories. It is about building Africa’s capacity to feed itself, power its economy, develop its people, and drive sustainable industrialisation. We are empowering the next generation through the launch of a one trillion-naira ($600 million) education fund in December 2025”.

As part of this vision, the Aliko Dangote Foundation launched a ₦1 trillion ($600 million) education fund in December 2025, pledging support for over 1.3 million vulnerable Nigerian students, with emphasis on scholarships, STEM, TVET, and girls’ education.

Chairman of the Board of Directors, Dangote Cement Plc, Emmanuel Ikazoboh, in his first official attendance as Board Chairman, highlighted the critical role of distributor partnerships in ensuring the company’s products reach every corner of the country.

Speaking to the assembled distributors, Ikazoboh announced that, “Tonight, we are giving out about ₦9 billion in cash to our distributors. For some of you, it will be a double celebration, as you may receive two alerts in recognition of both your volume and growth results.”

He added that the rewards go beyond cash. “In addition to the cash prizes, we have prepared other exciting gifts, including CNG-powered trucks, high-end cars, and more, to show our appreciation for your commitment and outstanding performance,” he said.

He further outlined the company’s plans to start the year strong by supporting its distributor partners. He stressed the importance of supply chain efficiency and profitability as key pillars for growth, saying:

Ikazoboh also noted that the company has invested in new CNG-powered trucks, as the company’s target at the end of 2027 is to have all its trucks CNG-powered, supporting both logistics efficiency and empowering customers.

“We have made significant investments in new Compressed Natural Gas (CNG)-powered trucks. This initiative not only empowers our customers but also emphasises our dedication to corporate responsibility and global sustainability guidelines. These rewards reflect our promise to support customers and champion sustainable business practices.”

He revealed plans for a greenfield two-line, 6 million metric tonnes per annum cement plant in Itori, Ogun State, dedicated to exports, alongside expansions at the grinding plant in Côte d’Ivoire, signalling Dangote Cement’s commitment to pan-African growth.

He strengthened his commendation for the distributors, recognising their dedication and commitment and emphasising their central role in the company’s overall success.

“Your perseverance, trust, and loyalty help us maintain visibility and availability for our products nationwide. We are genuinely interested in seeing your businesses grow bigger, stronger, and more profitable.”

Photo caption:
L-R: President/CE, Dangote Industries Limited, Aliko Dangote; Overall Winner, Otunba Kazeem Olayemi Odeyeyiwa, MD/CEO Kazab Heritage Limited and his wife, Chief Mrs Adesola Odeyeyiwa; Chairman, Dangote Cement Plc, Emmanuel Ikazoboh at the Dangote Cement Plc 2025 Customer Award Night and Celebration, in Lagos on Wednesday, 14 January, 2026.

Business

Tesla Aims for 2028 Commercial Production of Flying Car

Published

on

Tesla has set a 2028 commercial production date for its new Roadster sports car that can briefly rise into the air using rocket technology.

According to CNN, the date was revealed when the manufacturers demonstrated its functionality on Thursday at a SpaceX testing facility in Texas, United States, where the two-seater vehicle performed a series of manoeuvres, including driving upside down before making a short airborne movement.

The prototype was operated without a driver during the test, with Musk saying the decision was taken “to make sure we don’t kill anyone.”

“Success is not guaranteed. I mean that. It’ll probably work, but if it doesn’t work, we’re at a safe distance,” he said.

READ ALSO: 2027 Election: ‘Your Future Is More Valuable’ — IGP Warn Youths Against Political Violence

CNN reported that the vehicle uses 10 nozzles and high-pressure air tanks to generate thrust, with Musk claiming it could accelerate from zero to 60 miles per hour in less than a second.

The Tesla boss attributed the development to cooperation between the electric vehicle manufacturer and SpaceX, the rocket company he also leads.

He described the project as “the results of what happens when you have a collaboration with the world’s best car company and the world’s best rocket company.”

Musk also sought to assure spectators that the demonstration was genuine, saying, “We need an audience to prove that it’s not AI or SI. So you guys can tell people you saw it with your eyes, because what you see with your eyes, you will not believe.”

Despite the display, questions remain about whether the vehicle can achieve sustained flight and how practical it would be for everyday transportation.

Roger Conner, curator for vertical flight at the Smithsonian’s National Air and Space Museum, told CNN that combining the requirements of road vehicles and aircraft presented significant engineering challenges.

“Aircraft are extremely sensitive to weight, whereas with ground vehicles you want them to have bumpers and crumple zones and all that,” he said.

“Inevitably, something that is a hybrid between the two is going to be a poor performing aircraft and a poor performing vehicle, and also quite expensive,” he added.

Conner questioned whether the demonstration amounted to flying in the conventional sense.

“We’re not talking about sustained flight. We are literally talking about hopping,” he said.

However, Jim Dukhovny, chief executive of flying car startup Alef, said the technology was achievable, while pointing to the difficulties involved in making such vehicles transition safely from vertical take-off to forward flight.

“It absolutely is 100% feasible,” he told CNN.

“That being said, the hardest part on all eVTOLs, and for us, it’s a transition from (rising) vertical to (moving) forward. It needs to be extremely careful, making sure you do not lose lift, and making sure it’s very stable,” he added.

CNN also reported that Alef’s prototype weighs about 254 pounds, uses eight propellers and is designed to carry one person.

Musk said Tesla intended to begin production of the new Roadster in 2028.

CNN reported that the latest display adds to Musk’s ambitions to push Tesla’s vehicle technology beyond conventional electric cars, although the prototype’s ability to operate as a practical flying vehicle has yet to be established.

Continue Reading

Business

Marketers Eye Portion of FG’s Petrol Discount

Published

on

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Federal Government to add its member-stations to the petrol discount programme.

It cautioned that the current arrangement could limit the reach and deny vast consumers in underserved communities the benefits of the 30-day discount window.

The PETROAN also urged the FG to allocate at least 30 percent of the discounted petrol volume to outlets operated by its members.

READ ALSO: Tanzania Nears Completion of $42bn Equinor, Shell-Led LNG Project

The calls followed last week’s announcement by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, of a petrol discount at Nigerian National Petroleum Company Limited (NNPC Ltd) retail outlets, with priority given to public transport operators nationwide.

According to the National Publicity Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, the exclusion of independent marketers could undermine the programme’s effectiveness, particularly in communities where NNPC retail outlets have limited presence.

He argued that independent marketers, with their extensive nationwide distribution networks, were better positioned to extend the benefits of the intervention to consumers in remote and underserved areas.

“Independent oil marketers have over 90 percent coverage and presence in the nooks and crannies of this country. You are giving NNPC that is situated only in the town. So how do the poor masses, whom you intend to ensure that this petroleum product will alleviate their sufferings, how would they now get it?” Ukadike asked.

He said the association was not opposed to the government’s policy but insisted that independent marketers should be included to ensure wider access to the discounted product.

“But it’s government policies; we are not against government policies, but let it be all-inclusive; let independent marketers be part of it,” he said.

Ukadike also urged the government to extend the discount period to 60 days, citing logistical challenges that could delay the movement of petrol from coastal depots to other parts of the country.

“And the 30 days should be extended to 60 days. Because of the circulation of petroleum products, most times it takes two weeks for a truck to leave Apapa and get to Gombe, Maiduguri, because of the bad road and all the rest of them and loading process,” he added.

Similarly, PETROAN National President, Billy Gillis-Harry, urged the Federal Government to allocate 30 per cent of the discounted petrol volume to the association’s retail outlets to facilitate broader national distribution.

Continue Reading

Business

Tanzania Nears Completion of $42bn Equinor, Shell-Led LNG Project

Published

on

In the bid to transform Tanzania into the East African regional energy hub, the country is on the verge of concluding an agreement with a consortium of energy companies, including a $42 billion LNG project.

It was gathered that the project is designed to tap the 47.13 tcf of gas discovered in Tanzania’s deep offshore fields, part of the country’s estimated 57.54 tcf in total discovered reserves, the sixth-largest in Africa, behind Nigeria, Algeria, Senegal, Mozambique and Egypt.

READ ALSO: Shell Identifies Keys to Nigeria’s Energy Future

Equinor and Shell would be the lead operators, alongside involvement from ExxonMobil Pavilion Energy and Medco Energi, while state oil major, the Tanzania Petroleum Development Corporation (TPDC), would also hold an equity stake in the project.

“It’s almost there,” Khamis Mussa Omar, Tanzania’s finance minister, told Reuters.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

0
Would love your thoughts, please comment.x
()
x