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Dangote Fertilizer To Begin Export To US, Brazil This Mont

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Daongote
Aliko Dangote, chief executive officer of Dangote Group, gestures after signing a factory construction contract with Sinoma International Engineering Co. Ltd. in , Nigeria, on Wednesday, Aug. 26, 2015. Dangote Cement has expanded capacity five-fold in the last four years as the company invested outside its home market. Photographer: Tom Saater/Bloomberg

Dangote Group has concluded plans to begin the of its first shipment of fertilizer from its new fertilizer plant at the Free Zone in Lagos, to the US and Brazil.

Initial shipment from one of the world’s biggest fertilizer plant, which has the capacity to produce 3 million tonnes of urea and ammonia per year, is expected to start in late June or early July.

The billionaire chairman of Dangote Group, Aliko Dangote, said this while speaking at a virtual economic forum hosted in Qatar on Tuesday, June 22, 2021, according to Reuters.

What the President of Dangote Group is saying

Aliko Dangote said that the new fertilizer plant will export its first shipment in late June or early July, to Louisiana, while the majority of exports from the plant are expected to go to Brazil, adding that it will also be able to supply all the major markets in sub-Saharan Africa.

He said, “Apart from meeting the domestic demand, we are going to be able to earn quite a lot of money exporting the goods to the South American countries.”

A lot of Nigerians believe that the fertilizer plant will help solve the problem of low crop yield in the country, which is partly due to insufficient access to fertilizer.

What you should know

Mr Devakumar Edwin, Group Executive Director (Strategy, Capital Projects & Portfolio Development) of Dangote Industries Limited had about a week ago, said that the $2.5 billion fertilizer plant, which recently commenced operations

Samuel Nelson
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