Economy
Dangote’s world biggest fertilizer plant to begin production next week
The world’s biggest fertilizer plant belonging to Africa’s richest man, Aliko Dangote, will begin production in one week.
Dangote who chairs the Dangote Group, over the weekend, revealed that the official opening of the facility would be done in one month
The Nation reports that Lagos State Governor, Governor Babajide Sanwo-Olu, who will officially open the plant, paid a two-day working visit to the facility which is located in the Lekki district of Lagos.
Dangote Group’s $2 billion fertilizer plant project has a name-plate capacity of 3 million tons of urea and ammonia, making it the world’s biggest, according to Nairametrics.
Speaking during the visit, Sanwo-Olu said, “We came here to see things for ourselves, encourage the investors and assure them of government support. We are here to serve them and ensure they enjoy the ease of doing business, which is critical to us. We are also here to ensure that jobs are created, especially for our youths, the local economy, and for Nigerians in general.
“And all the places we visited, it was evident that Lagosians are being employed, the local indigenes are being employed.”
The facility was supposed to open in 2020 but faced a delay, including the disruption by the coronavirus pandemic that led to economic lockdown and restrictions.
Although the production might have been stalled, the Chief Operating Officer for Saipem SpA, Maurizio Coratella, hinted last year that the project’s commissioning will still go ahead.
“We are picking up now that things are looking more stable and are currently very well advanced. We are in the commissioning stage of the first train, for the second, we will have that commissioning in six to seven months’ time,” Cortella said in an interview.
Meanwhile, Dangote, during a visit of the CBN Governor, Godwin Emefiele, said that the plant would make Nigeria the only Urea exporting country in Sub-Saharan Africa, stressing that the fertilizer and the petrochemical plants, which are in the same vicinity could generate $2.5 billion annually.
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