Border Closure: Dangote says report of sole cement export misleading, mischievous

Technology News

 

The management of Dangote Group has described as misleading reports that the company was granted sole approval to export cement through the land borders.

In a statement Tuesday, the company said it was not the only company enjoying such privilege to move goods through the land borders.
Bloomberg reported that BUA Group, and a gas company have also received presidential approval to move goods across the land borders, Joseph Attah, the spokesperson for Nigerian Customs, said by phone from Lagos, without providing details.
It was learned that the rival Lafarge Africa Plc hasn’t received permission to export across the land borders, according to a company spokeswoman.

It was reported that despite the border closure policy put in place, the Nigerian government had allowed Dangote Cement to resume cement export across its land borders.

But in his reaction to the Bloomberg publication, the Group Chief, Branding and Communications, Dangote Group, Anthony Chiejina, said the report is misleading and mischievous because it focused only on Dangote Cement as the sole beneficiary of the partial special dispensation.

“Dangote Cement is a publicly quoted company and complies strictly with the Securities & Exchange Commission(SEC) and Nigerian Stock Exchange (NSE) full disclosure clauses and regularly update transparently our transactions to our shareholders and it is disheartening that such honest disclosure is being interpreted negatively,” he said in a statement Tuesday.

The statement said Dangote Cement and other companies in July 2020, got partial special dispensation to export their products with certain sequence of crossing at Ilela land border in Sokoto State and Ohumbe land border in Ogun State.

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