Northern Nigerian Breaking News

Buhari inaugurates $2.5bn Dangote fertilizer plant

5

President Muhammadu Buhari on Tuesday inaugurated the three million metric tonnes Dangote Fertilizer Plant in Lagos.

Solacebase reports that the inauguration took place at the Lagos Free Trade Zone, Lekki.

Buhari said the project is in line with the government’s drive to ensure food sufficiency in the country.

“This is a demonstration of enhancing the socio-development of the country,” he said, while also commending the Dangote Fertilizer team.

The President assured Nigerians that his government is focused on providing enabling environment for the private sector to thrive.

“We are partnering with the private sector through tax credit scheme on road constructions in the country and rehabilitating railway lines for ease movement of goods,” he added.

Read Also:Dangote Cement Zambia inducts 15 fresh engineers in its ‘graduate trainee’ program

In a remark , President and Chief Executive Officer (CEO) of Dangote Group, Alhaji Aliko Dangote,  expressed delight at the success of the fertilizer plant.

Dangote said the plant is the largest in Africa and the second-largest urea plant in the world.

- Advertisement -

He said products from plants have reached the African market, and across Brazil, India, and Mexico.

“It is an ambitious project that will reduce unemployment in Nigeria,” he said.

“Low fertiliser usages have been the reason for low yield of agriculture products in the sector.

“Our goal is to make fertiliser available in quantity for our farmers. We are rolling out initiatives that will transform the agric sector for all.

“This will boost productivity and enhance output across the nation.”

He appreciated the Central Bank of Nigeria (CBN) and other agencies of government for their support.

The Dangote Fertiliser project phase one is estimated to produce three million metric tonnes of urea per annum.

The project, according to Dangote Industries Limited, cost about $2.5 billion.

The company said the capacity of the plant will be expanded to produce multi grades of fertiliser to meet soil, crop, and climate-specific requirement for the African continent.

5 Comments
  1. DevOps consulting companies says

    232510 534998Come across back yard garden unusual periods of ones Are typically Weight reduction and every 1 1 may possibly be important. One way state could possibly be substantial squandering through the diet. lose weight 968537

  2. female escorts says

    704032 398504Id always want to be update on new weblog posts on this internet website , bookmarked ! . 331405

  3. magic mushroom cow poop says

    464324 72123How could be the new year going? I hope to read much more fascinating posts like last year 924482

  4. 913034 359140Aw, this was a actually good post. In concept I wish to put in writing like this additionally – taking time and actual effort to make an outstanding article nonetheless what can I say I procrastinate alot and not at all appear to get something done. 89629

  5. nova88 says

    536072 174103Some times its a discomfort in the ass to read what weblog owners wrote but this site is genuinely user pleasant! . 639497

Leave A Reply

Your email address will not be published.