President Muhammadu Buhari has inaugurated the three million
metric tonnes Dangote Fertiliser Plant in Lagos.
The inauguration took place on Tuesday at the Lagos Free
Trade Zone, Lekki.
The president 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 Fertiliser team.
Buhari 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.
On his part, Aliko Dangote, president and chief executive
officer (CEO) of Dangote Group, expressed delight at the success of the
fertiliser plant.
Dangote said the plant is the largest in Africa and the
second-largest urea plant in the world.
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.
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