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Nairametrics
Home Sectors Manufacturing

Dangote Group’s $2 billion fertilizer plant to start operations in December 2020

Chike Olisah by Chike Olisah
November 4, 2020
in Manufacturing
Aliko Dangote

Aliko Dangote

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The Dangote Group has announced that its $2 billion Granulated urea fertilizer plant which is located at Ibeju Lekki, Lagos state, will start operations before the end of December.

This disclosure was made by the Group Head, Corporate Communications, Dangote Group, Mr. Anthony Chiejina, during a chat with the News Agency of Nigeria (NAN) on Wednesday, November 4, 2020, in Lagos state.

READ: Dangote’s multi billion-dollar refinery is 75% complete, Otedola says

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Mr. Anthony Chiejina, in his statement, said, “The granulated Urea fertilizer plant project will be ready for take-off before the end of December. The pre-testing has already been done and the delay in starting operations was due to the COVID-19 pandemic.”

The take-off of the fertilizer plant, which is reputed to be the largest in the world, with its 3 million tonnes per annum capacity, had suffered some setbacks with the opening date leading to its postponement a few times.

READ: Dangote’s world biggest fertilizer plant starts production in February next year

Nairametrics had reported that earlier in the year, Aliko Dangote, the Chief Executive Officer of Dangote Group, had projected that the plant would begin operations in May 2020.

During the visit of the CBN Governor, Godwin Emefiele, to the facility, Dangote said that the pre-testing of the plant had already begun. He also said that the plant would make Nigeria the only Urea exporting country in Sub-Saharan Africa.

READ: GSK Consumer Nigeria Plc records 3.34% increase in 2020 9M revenues

Further stressing that the fertilizer and the petrochemical plants, which are in the same vicinity could generate $2.5 billion annually, which according to him, an amount that is almost 10% of what Nigeria is getting from home remittances, which is one of the highest in the world.


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Tags: Dangote GroupGranulated urea fertilizer plant
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 1

  1. Akwuebuo virginia says:
    January 8, 2021 at 5:01 pm

    Please is the fertilizer ready for sell, I am a fertilizer distributor from anambra state. If yes what is the procedure and when and where can I visit to purchase the urea fertilizer.

    Reply

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