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Home Industries Manufacturing

Dangote fertilizer to begin export to US, Brazil later this month

to supply all major markets in sub-Saharan Africa

Chike Olisah by Chike Olisah
June 23, 2021
in Manufacturing, Spotlight
Dangote $2.5 billion fetiliser plant can produce for export, delivers 120 trucks locally – Director
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Dangote Group has concluded plans to begin the export of its first shipment of fertilizer from its new fertilizer plant at the Lekki Free Zone in Lagos, to the US and Brazil.

Initial shipment from one of the world’s biggest fertilizer plant, which has the capacity to produce 3 million tonnes of urea and ammonia per year, is expected to start in late June or early July.

The billionaire chairman of Dangote Group, Aliko Dangote, said this while speaking at a virtual economic forum hosted in Qatar on Tuesday, June 22, 2021, according to Reuters.

READ: Aliko Dangote to earn N234 billion as dividend from his cement business

What the President of Dangote Group is saying

Aliko Dangote said that the new fertilizer plant will export its first shipment in late June or early July, to Louisiana, while the majority of exports from the plant are expected to go to Brazil, adding that it will also be able to supply all the major markets in sub-Saharan Africa.

He said, “Apart from meeting the domestic demand, we are going to be able to earn quite a lot of money exporting the goods to the South American countries.”

A lot of Nigerians believe that the fertilizer plant will help solve the problem of low crop yield in the country, which is partly due to insufficient access to fertilizer.

READ: BUA warns Dangote: Stay clear of Obu Mines or face contempt of court

What you should know

Mr Devakumar Edwin, Group Executive Director (Strategy, Capital Projects & Portfolio Development) of Dangote Industries Limited had about a week ago, said that the $2.5 billion fertilizer plant, which recently commenced operations can produce enough for local demand as it looks towards exports. He said that the plant currently delivers 120 trucks locally.

READ: Scamming in the name of Dangote and Channels TV: The story of ‘Bitcoin Prime’ and other Crypto scams

According to the World Bank, Nigeria consumed around 20 kg of fertiliser per hectare of arable land in 2018, compared with 73 kg in South Africa and 393 kg in China.

The Central Bank of Nigeria had banned the allocation of its foreign exchange for fertiliser imports as part of controls aimed at boosting local production.

Related

Tags: Aliko DangoteCBNDangote FertilizerDangote GroupWorld Bank

Comments 4

  1. Abdullahi sunusi abdullahi says:
    June 23, 2021 at 6:40 pm

    A big congratulations to the company for this great achievement long live to the president and dangote group of companies I also apply to work there as a chemist, I still wish

    Reply
  2. Suresh Dandu says:
    June 25, 2021 at 9:19 pm

    A Big Congrats to The Dangote Group For Great Achievement.

    Reply

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