August 11, (THEWILL) – Dahiru Mangal, the billionaire businessman who serves as the founder and chairman of Max Airline is poised to take a revered spot in Nigeria’s cement industry alongside Africa’s richest man, Aliko Dangote and Abdul Samad Rabiu with his $1.5 billion plant located in Kogi State. The cement plant among other things will produce 200 trucks of cement daily, create 10,000 direct jobs and hundreds of thousands of indirect jobs, which will in turn boost the local economy thus symbolizing a potential boom for Nigeria’s infrastructure development. Plans are already under way to launch the first bags of cement from the plant in Moba, Kogi State. The journey to establish the cement plant began in November 2021 when Mangal Industries partnered with Chinese firm, Sinoma. Despite an initial budget of $600 million, financial challenges, including a fluctuating naira, escalated the investment to $1.5 billion. However, Mangal’s determination pushed the project through, illustrating his resilience and dedication to industrial growth. Mangal is no stranger to entrepreneurship. Besides his venture into aviation, he has interests across transportation, textiles, agriculture, oil and gas, and construction via his conglomerate, ADFIN Group.
