• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

$2.5bn Dangote fertilizer plant commissioned

3 years ago
in Agribusiness, Business, Editor's pick, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
85
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

$2.5bn Dangote fertilizer plant commissioned

Dangote Fertiliser Plant, owned by Africa’s richest man Aliko Dangote, has been commissioned by President Muhammadu Buhari as part of a planned drive to ensure food sufficiency and boost the nation’s fertiliser needs.

The inauguration of the world-class fertiliser plant estimated at $2.5 billion, with the capacity to produce 3 million metric tonnes (mt) of urea yearly, took place on Tuesday at the Lagos Free Trade Zone, Lekki.

President Buhari inaugurated the fertiliser plant in the presence of dignitaries, including Aliko Dangote, president of Dangote Industries Limited, Lagos State Governor Babajide Sanwo-Olu, Central Bank of Nigeria Governor Godwin Emefiele, and Minister of Trade and Investment Niyi Adebayo.

While performing the official tape-cutting of the plant, the president 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 while also commending the Dangote Fertiliser team.

“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.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Read: Government to revise Covid-19 restrictions at KIA and borders soon

Dangote, on his part, expressed delight at the success of the fertiliser plant, which he claims is the largest in Africa and the second-largest urea plant in the world.

Commenting on the successful inaugural launch of the plant, Dangote said, “It is an ambitious project that will reduce unemployment in Nigeria.”

According to him, “The plant will boost productivity and enhance output across the nation as products from plants have reached the African market, and across Brazil, India, and Mexico.

He added that “Low fertiliser usages have been the reason for low yield of agriculture products. 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.

According to Dangote Industries Limited, the project was built at the cost of $2.5 billion, with the capacity to produce 3 million metric tonnes (mt) of urea yearly.

The company said the plant’s capacity would be expanded to produce multi grades of fertiliser to meet soil, crop, and climate-specific requirement for the African continent.

Source: businessinsiderafrica
Via: norvanreports
Tags: $2.5bn Dangote fertilizer plant commissionedDangote Fertiliser PlantNigeria
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.