• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, February 7, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Dangote’s 3 Million Metric Tonnes Fertilizer Plant Commissioned

March 24, 2022
Stephen KotochiebyStephen Kotochie
in Africa
0
Dangote’s 3 Million Metric Tonnes Fertilizer Plant Commissioned

The three million metric tonnes fertilizer plant owned by Africa’s richest man Aliko Dangote has been commissioned by President Muhammadu Buhari as part of a planned initiative to ensure food sufficiency and boost the nation’s fertilizer needs.

The inauguration of the world-class fertilizer plant is estimated at $2.5 billion, with the capacity to produce 3 million metric tonnes (mt) of urea yearly.

In the welcome address of the President of the Dangote Group, Aliko Dangote, he said the fertilizer plant would reduce unemployment in Nigeria and provide the quantity of fertilizer needed for African farmers. He added that their first product is in the market and has been exported to India, Brazil, and Mexico.

RelatedPosts

Russia Pledges Military Support To Mali

Sub-Saharan Africa Is ‘New Epicenter’ Of Extremism – UNDP

Meta Loses Bid To Block Kenya Court Case

“It is an ambitious developmental project which will cut down on employment. It has the potential to become the major source of income for Nigeria. The project aims to make fertilizer available in sufficient quantities to the agriculture sector. Initiatives have been rolled out to train farmers on applying the fertilizer through the various Extension Officers. The Dangote group will continue to invest in the nation of Nigeria because it has many potentials”.

Aliko Dangote
images 20
Dangote fertilizer plant

While performing the official tape-cutting of the plant, the President of Nigeria, Muhammadu Buhari, said the project aligns 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. “We are partnering with the private sector through a tax credit scheme on road constructions in the country and rehabilitating railway lines to ease the movement of goods,” he added.

President Buhari affirmed that the facility will help Nigeria’s economy export food to its neighboring countries. He said that cross-border trade has become more attractive since the advent of the African Continental Free Trade Area (AfCFTA) and as the largest economy in West Africa, Nigeria has the potential to increase its trading volumes and production capacity significantly. He commended the Dangote group for investing in Nigeria and called on other investors to follow suit.

Dangote, on his part, uttered delight at the success of the fertilizer plant, which he claims is the largest in Africa and the second-largest urea plant in the world. He added that “Low fertilizer usages have been the reason for low yield of agriculture produce and our goal is to make fertilizer available in quantity for our farmers to boost their yield”. The plant’s capacity would be expanded to produce multi grades of fertilizer to meet the African continent’s soil, crop, and climate-specific requirements, he added.

The fertilizer plant, according to many, came at the right time when farmers on the African continent need fertilizer. Many have expressed their belief that the project will help boost productivity in Nigeria and the African Continent as a whole because the fertilizer gap would be bridged.

READ ALSO: ‘If we Need to Protect GNPC, we Might Need to fix the law’- Dr. Kwame Baah-Nuakoh

Tags: DangoteDangote fertilizerFertilizer

Related Posts

Russia Pledges Military Support To Mali
Africa

Russia Pledges Military Support To Mali

February 7, 2023
Sub-Saharan Africa Is ‘New Epicenter’ Of Extremism – UNDP
Africa

Sub-Saharan Africa Is ‘New Epicenter’ Of Extremism – UNDP

February 7, 2023
Meta Loses Bid To Block Kenya Court Case
Africa

Meta Loses Bid To Block Kenya Court Case

February 7, 2023
Mali Junta Sacks UN Mission’s Human Rights Chief
Africa

Mali Junta Sacks UN Mission’s Human Rights Chief

February 6, 2023
Cocoa Farmers in Côte d’Ivoire Get Electronic Cards to Track the Cocoa Beans to Ensure Fair Prices
Africa

Cocoa Farmers in Côte d’Ivoire Get Electronic Cards to Track Cocoa Beans to Ensure Fair Prices

February 3, 2023
Pope Heads To South Sudan For Final Leg Of African Pilgrimage
Africa

Pope Heads To South Sudan For Final Leg Of African Pilgrimage

February 3, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

‘If we Need to Protect GNPC, we Might Need to fix the law’- Dr Kwame Baah-Nuakoh

Next Post

We’ll Make Sure We Experience An Incident-Free Event- DCOP Kwesi Ofori

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
RMB Urges African Countries To Focus On Constrained Fiscal Policies
Finance

RMB Urges African Countries To Focus On Constrained Fiscal Policies

by Gifty BansahFebruary 7, 2023
Russia Pledges Military Support To Mali
Africa

Russia Pledges Military Support To Mali

by Comfort AmpomaaFebruary 7, 2023
World Bank To Support The Hustler Fund, Contributes Towards Financial Inclusion In Kenya
Banking

World Bank To Support The Hustler Fund, Contributes Towards Financial Inclusion In Kenya

by Priscilla Dziedzorm FiakpornuFebruary 7, 2023
Huge Fear For Bank’s Profitability – Financial Analysts
Finance

Huge Fear For Banks Profitability – Financial Analysts

by Gifty BansahFebruary 7, 2023
Nigerian Assayer Grabbed Over $18 million Gold Scam, Slapped With 2 Charges
Extractives/Energy

Nigerian Assayer Grabbed Over $18 million Gold Scam, Slapped With 2 Charges

by Stephen M.CFebruary 7, 2023
Hammer, Bullet, and Wendy Shay Endorse New Version Of Kwame Yogot’s ‘I Am Feeling Okay’ Song
Entertainment

Hammer, Bullet, and Wendy Shay Endorse New Version Of Kwame Yogot’s ‘I Am Feeling Okay’ Song

by Esther Korantemaa OffeiFebruary 7, 2023
RMB Urges African Countries To Focus On Constrained Fiscal Policies
Russia Pledges Military Support To Mali
World Bank To Support The Hustler Fund, Contributes Towards Financial Inclusion In Kenya
Huge Fear For Bank’s Profitability – Financial Analysts
Nigerian Assayer Grabbed Over $18 million Gold Scam, Slapped With 2 Charges
Hammer, Bullet, and Wendy Shay Endorse New Version Of Kwame Yogot’s ‘I Am Feeling Okay’ Song
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In