Dangote fertiliser plant seen boosting food security
The global fertiliser industry is reeling from impacts of the Russia-Ukraine crisis, but for Nigerian farmers, fears of disruptions to the supply chain are being allayed with the Dangote Fertiliser Plant, being inaugurated today.
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Food security, foreign exchange gains seen for Nigeria in Dangote fertiliser
Nigeria’s fertiliser deficits, which have contributed to poor farm outputs as well as scarce foreign exchange that has limited ability of people and businesses to transact, have been identified as some of the problems that would get some solutions with the Dangote fertiliser plant that was commissioned today.
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President Buhari Commissions Dangote’s $2.5bn Fertiliser Plant
President Muhammadu Buhari today commissioned the new 3 million Metric Tonnes capacity per annum state-of-the-art Dangote Fertiliser Urea Plant, with an emphatic assurance that the project would give a huge fillip to Nigeria’s agricultural sector, which revitalisation has been a focal point of his administration’s economic policy.
The new plant, which he commissioned in the presence of some 18 governors, ministers, captains of industries as well as prominent traditional rulers, is located at Ibeju Lekki, Lagos Free Trade Zone within the periphery of the Dangote refinery.
A visibly excited President Buhari said the coming on stream of the plant would create huge opportunities in the areas of employment, trade, warehousing, transport and logistics. The Plant, according to the President “will greatly create wealth, drastically reduce poverty and secure the future of our nation”.
He said, “In the agricultural sector, another focal point of our economic policy, we expect a boom as fertiliser is now readily available. Many Nigerians who hitherto practiced subsistence farming because of non-availability of necessary inputs can now take up agriculture as a business. We expect a rise of new breed of agropreneurs who will add value to farming and make the nation self-sufficient in food production”.
According to him, the federal government is now determined more than ever before to provide enabling environment for private sector investors to thrive, adding that his government would continue to improve on infrastructure, power, security and enact relevant laws and regulations that would drive investments in the economy.
