Nigerian business mogul, Aliko Dangote, launches Africa’s largest granulated fertilizer complex in Lagos.

March 24, 2022

Aliko Dangote launches Africa’s largest granulated fertilizer complex in Lagos, Nigeria. He is a Nigerian business mogul and Africa’s richest person who founded Dangote Cement, the continent’s largest cement producer. The plant is built on a 500 hectare of land costing $2.5 billion in the Lagos Lekki Free Trade Zone. It can produce 3 million tonnes of urea annually. Urea is one of the top fertilizers for acidifying soils. It supplies immediate and powerful nitrogen applications for crops like corn, strawberries, blueberries, and other heavy nitrogen feeders.

The fertilizer complex can give 400 million dollars in foreign exchange to the Nigerian economy from exportation at maximum capacity. The fertilizer complex is targeted at African and foreign markets, including exports to Brazil, the United States, India, and Mexico. The plan is part of Nigeria’s government focus to enable the country’s private sector to grow and enhance infrastructure, power & security, and the related laws & regulations to boost the economy’s investments. The prices for natural gas, an essential ingredient for making urea, have increased due to the Russia-Ukraine war.

The fertilizer plant will create more employment, reduce poverty, increase wealth, and boost the cement industry’s success in the fertilizers segment. The company works with farmer associations, corporate farms, NPK blenders, development partners, state governments in Nigeria, Africa, and beyond to improve soil and farm yields with a sustainable approach.

Aliko Dangote stated that the company’s goal is to make fertilizer available in sufficient quantities and quality for farmers to assure better agricultural outputs. He added that there are initiatives to help transform the agricultural sector, including essential services for all small and medium-scale farmers. The company also aims to decrease Nigeria’s importation reliance and boost its foreign earnings.

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