President of Dangote Group, Aliko Dangote has announced the world’s biggest fertiliser plant located in Ibeju Lekki, Lagos Nigeria will begin full commercial production in May 2020.
With a capacity of 3million tonnes per annum, the $2-billion Granulated Urea Fertiliser plant has been classified as the biggest project in the history of the fertiliser industry.
This project means Nigeria will be the biggest and only Urea exporter of about 4 million in the whole of sub-Saharan Africa which will bring in about $2.5 billion in terms of forex.
Already, Dangote Fertiliser has started receiving gas supply from the Nigerian Gas Company and Chevron Nigeria Limited under the Gas Sale and Purchase Agreement to supply 70 million standard cubic feet per day (Scf/d) of natural gas, the company said.
The project is expected to create thousands of direct and indirect jobs in the construction and related fields as well as provide a major boost to the agricultural sector by significantly reducing the importation of fertiliser in Nigeria.