Dangote $2.5 billion fertilizer plant to commence operation first week of April
richest man, Aliko Dangote has disclosed that one of his closely held
assets, the $2.5 billion granulated fertilizer plant located in Lekki
Free Trade Zone (LFTZ), will commence operation in Nigeria in the first
week of April.
The billionaire whose current wealth is valued at $16.6 billion, revealed this on Saturday during a tour of the Petrochemicals and refinery complex facilities by the Governor of Lagos State, Babajide Sanwo-Olu, and his team.
granulated urea fertilizer plant which is expected to commence
operations next week has been pushed back severally for reasons such as
access to forex, the ailing economy and more recently the COVID-19
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.
Source: Nairametrics, March 22, 2021