• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
Nairametrics
No Result
View All Result
Home Business News Business
African Billionaires Disclose Three Easy But Effective Money Rules

Dangote identifies major reason for low productivity in agric sector, lists actions by company

Says major objective of the fertilizer plant is to make the product available in sufficient quantities...

Chike Olisah by Chike Olisah
2 years ago
in Business, Manufacturing
Share on FacebookShare on TwitterShare on Linkedin

Africa’s richest man and Chief Executive Officer (CEO) of the Dangote Group, Aliko Dangote, has identified low fertilizer usage as the major reason for low productivity in the agricultural sector in Nigeria.

Dangote revealed that the non-availability of fertilizer in quantity and quality rather than affordability is the primary constraint in the use of fertilizer in the country today.

This was made known by Dangote while delivering his speech at the commissioning of the $2.5 billion Dangote fertilizer plant at Ibeju-Lekki, Lagos, on Tuesday, March 22, 2022.

Dangote said that the major objective of the fertilizer plant is to make the product available in sufficient quantities and qualities for its teeming farmers and assuring greater agricultural output.

He listed the various actions of the Dangote Group to help the country realise its potential in the agricultural sector to include rolling out initiatives that transform agricultural services including extension services for all small and medium-scale farmers.

The Dangote Group CEO said that the fertilizer company also established a well-equipped soil testing laboratory to ensure that appropriate fertilizer blends are applied to specific soil and all crop types. This is expected to help boost productivity and enhance output across the nation.

What the CEO of Dangote Group is saying

  • Aliko Dangote said, ‘’Agriculture accounts for about 20% of Nigeria’s GDP and the country is a producer of various agricultural commodities. The sector has the potential to become the biggest source of income for our nation, providing raw materials for industries.
  • ‘’However, low fertilizer usage has been a major reason for low productivity in the sector. It is common knowledge that non-availability of the product in quantity and quality rather than affordability is the primary constraint to use of fertilizer today.
  • ‘’Our goal is to make fertilizer available in sufficient quantities and qualities for our teeming farmers assuring greater agricultural output.
  • ‘’To help realize these potentials, we are rolling out initiatives that transform agricultural services including extension services for all small and medium-scale farmers.
  • ‘’We have also established a well-equipped soil testing laboratory to ensure that appropriate fertilizer blends are applied to specific soil and all crop types. This will boost productivity, it will enhance output across the nation.’’

Dangote also noted the fertilizer company will partner with all the key stakeholders in the industry including farmers’ associations, NPK blenders, NGO development partners and state governments across Nigeria who are committed to a sustainable approach in improving soil quality and farm yields.


Download Nairametrics App for breaking news and market intelligence.
   
Tags: Aliko DangoteDangote Group
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.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *







NM newsletters
Glo
Kwakol
Abbey
Zenth Bank
UBA
Mega Millions

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • First Major Crude Supply to Dangote Refinery to arrive December 7 (today)
  • getLinked.ai Presents N2.2 Million to Winners of Hackathon 1.0
  • Lagos seals churches, mosque, hotels, others across the state over environmental issues

Follow us on social media:

Recent News

Dangote Refinery commissioned as Patricia suffers security breach

First Major Crude Supply to Dangote Refinery to arrive December 7 (today)

December 7, 2023
geLinked.ai

getLinked.ai Presents N2.2 Million to Winners of Hackathon 1.0

December 7, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up
  • Cart

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In