Business - Economy
Updated: March 23, 2021

Dangote $2.5 Billion Fertilizer Plant To Commence Operation April 2021

By Zaccheus Ukhueleigbe
March 23, 2021
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Aliko Dangote's $2.5 billion granulated fertilizer plant is set to commence operation in the first week of April 2021.

This development was disclosed on Saturday, March 20, 2021, during Governor Babajide Sanwo-Olu's visit to the Dangote Refinery and Fertilizer complex situated at Ibeju Lekki in Lagos.

The granulated urea fertilizer plant was initially slated to commence in December 2020, but for reasons such as access to forex, the ailing economy, and more recently the COVID-19 pandemic, the project lingered to date.

In a bid to scale up production, further plans have been made to expand the plant’s 3 million metric tonnes per annum capacity to produce multiple grades of fertilizers to meet soil, crop, and climate-specific requirement for the African continent.

AllNews Nigeria gathered that the $2.5 billion fertilizer plant project located at the Lekki Free Zone (LFZ), in Lagos State, Nigeria. Phase 1 is the largest fertilizer plant in West Africa.

The Fertilizer plant is expected to manufacture 3 million metric tonnes of urea per annum, with a view to reducing the nation’s fertilizer imports, and generating $400m annual foreign exchange from export to Africa countries.

The capacity will later be expanded to produce multiple grades of fertilizers to meet soil, crop, and climate-specific requirement for the African continent. Fertilizer is essential for agribusiness in Africa.

The coming on stream of Dangote Fertilizer would surely make Africa self-sufficient in food production and a net exporter of food to the world.