Dangote’s new fertiliser plant will export its first shipment of urea in late June or early July, to Louisiana, while the majority of exports from the plant are expected to go to Brazil, Africa’s richest man, Aliko Dangote said on Tuesday.
The new urea plant at the Lekki Free Zone in Lagos State, designed to manufacture 3 million tonnes of urea per year, will also be able to supply all the major markets in sub-Saharan Africa, Dangote told a virtual economic forum hosted by Qatar.
“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,” he said.
The $2 billion fertiliser plants commenced commercial production a week ago and since then the company has pushed out a minimum of 120 trucks of Urea fertilize per day across the country, according to a senior official of the company.
Group Executive Director, (Strategy, Capital Projects & Portfolio Development) Dangote Industries Limited, Devakumar Edwin, said the plant has the capacity to turn out 4,500 tonnes of Urea everyday.
“…this is a bulk application fertilizer…each crop in Nigeria or globally will require Nitrogen and this is a rich fertilizer, having 46 percent nitrogen…The company has the capacity to meet local demand and also export to African countries,” Edwin said.
The Urea Fertilizer plant was built to tap into Nigeria’s demand for fertilizer, a critical component of achieving food sufficiency for Africa’s most populous country.
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 $400 million annually from export to Africa countries.