Follow Us on Google Discover
Aliko Dangote, Chairman, Dangote Group, has announced that Dangote Industries Limited’s $2.5 billion three million metric tonnes granulated fertilizer plant will commence the sale of fertiliser on Monday.
This was disclosed by Dangote in a meeting with the CBN Governor, Mr Godwin Emefiele, at a tour of the facility in Ibeju-Lekki, Lagos.
“We have gotten all licenses from the National Security Adviser, the Ministry of Agriculture, Standard Organisation of Nigeria, NAFDAC and all other authorities.
READ: Aliko Dangote to earn N234 billion as dividend from his cement business
Other News
So, our Urea will be in the market from Monday, and by God’s grace, before the end of this month, we will start bringing in dollars from the first line that we have commissioned,” Dangote said.
The CBN Governor added that the existing capacity from Indo Rama, with about 1.5 million metric tonnes, and Notore with about 300 metric tonnes, would give Nigeria close to five million metric tonnes capacity of Urea.
“Nigeria ranks amongst the leading countries in the production of Urea in the world. This, for me, is a story that no one would have believed would happen in Nigeria,” he said.
READ: Dangote Cement moves to close demand gap, to acquire 2,000 trucks
What you should know
Nairametrics reported in March that Africa’s richest man, Aliko Dangote, disclosed that one of his closely held assets, the $2.5 billion granulated fertilizer plant located at the Lekki Free Trade Zone (LFTZ), would soon commence operations in Nigeria.
Recall also that President Buhari warned last year against the CBN implementing any plans geared at providing forex for the importation of “food items and fertilizers” into the country.
Follow Us on Google Discover
Am in need of financial help
Dangote have been supplying almost the food we eat, yet price of foods are still expensive. Why can’t he reduce most of their prices
It’s the traders causing the price hike. No enforcement of price control
Compliment. Cheers
How do I become a distributor of granulated fertilizer (urea & npk)
Well done to out brother, uncle and a friend. Alh. Aliko Dangote I’m always moved whenever I heard of this name. Simply bcoz of his emence contribution to humanity in terms of food processing, building materials and many others.
I wish other notable Nigerians will emulate Dangote to create impact to our generation.
Well done to out brother, uncle and a friend. Alh. Aliko Dangote I’m always moved whenever I heard of this name. Simply bcoz of his emence contribution to humanity in terms of food processing, building materials and many others.
I wish other notable Nigerians will emulate Dangote to create impact to our generation.
Warning: Undefined variable $post_id in /var/www/nairametrics/wp-content/themes/nairametrics/comments.php on line 134
Warning: Undefined variable $post_id in /var/www/nairametrics/wp-content/themes/nairametrics/comments.php on line 134