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Nigeria should not be importing fertiliser, says billionaire businessman

“There is no reason why Nigeria should be importing fertiliser,” believes Aliko Dangote, president of the Dangote Group and the country’s wealthiest person.

Aliko Dangote

Aliko Dangote

Speaking after a signing ceremony for the construction of the company’s new fertiliser plant, Dangote said that Nigeria should not be importing products for which the country has the raw materials and capacity to produce locally.

Dangote Group noted in a statement that the new plant, said to be the biggest in Africa, will reduce the importation of fertiliser into Nigeria and provide a significant boost to the agricultural sector.

“By the time we have this fertiliser plant structure on ground, the economy will go high up, go haywire, since agriculture is already contributing 46% to 47% to the GDP,” said Dangote.

“Right now, farmers get whatever fertiliser they are given. But we need to know that the fertiliser that will work in Jigawa State, may not work appropriately in Adamawa [State]. They don’t have the same soil type. And the same fertiliser you use for sorghum might not be the same fertiliser you will use for sugar cane. These are the issues,” he added.

It is expected that the new plant will have the capacity to produce 2,200 tonnes of ammonia and 3,850 tonnes of urea, an important nitrogenous fertiliser, per day. The project will be located in Edo State.

Dangote Group has signed an agreement with Saipem Contracting for the construction of the plant. It is projected that production will start in 2014.

Earlier in the year, Forbes ranked Aliko Dangote as Africa’s richest person with an estimated net worth of US$13.8 billion.

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  • YOHANA MSWAHILI

    Sustainable African economy will grow strong through sweatness of African sons n sisters: thanks dangote ur admired for ur direction n focus to make this dream come true. Congltrtn for the big changes ur bringing in Nigeria and else where in africa.

  • CHUCK MILLS

    THIS MAN NEEDS TO INVEST IN HIS OWN PEOPLES HOUSING AND POWER INFRASTRUCTURE TO CREATE JOBS FOR NIGERIANS COLLEGE STUDENTS OR THEY WILL SOON HAVE IDLE MINDS FOR THE DEVILS WORKSHOP!

  • Arsène du Gabon

    we have perfetly reason, Dangote make many think for Africa, i think that it will can be a model for we, the Africa young.

  • Ebot Tabi

    this is one the great entrepreneurs in Africa that i do respect, not because of his money or worth, but because of his vision for Africa,

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