LAGOS, NIGERIA: Nigerian President Muhammadu Buhari officially inaugurated a urea and ammonia fertilizer plant worth $2.5 billion on Tuesday, 22 March. As the Dangote Group is the second-largest employer in Nigeria after the federal government launched Africa’s biggest fertilizer plant.
Nigeria expects “a boom” as a result of a new nutrient plant, according to Buhari. “Fertilizer is now easily accessible in greater amounts and better quality,” he said. “We expect the rise of a new generation of agropreneurs who will add value to farming and make the country food self-sufficient,” he said, encouraging many Nigerians to “now take up agriculture as a business.”
Dangote, Africa’s wealthiest man, holds the facility. The fertilizer factory expands on 500 hectares (1,235 acres) of land located in the industrial zone in Lagos. It has a capacity to produce 3 million metric tons of urea yearly.
Fertilizers from the plant will be exported to many countries including the U.S., Brazil, India, and Mexico. In the inaugural ceremony of the plant, the owner of the fertilizer plant and the wealthiest man of Africa Aliko Dangote said that “Our goal is to make fertilizer available in sufficient quantity and quality for farmers, assuring greater agricultural output.”
Nigeria expects to become a net fertilizer exporter after the world’s second-largest urea plant. The plant’s commissioning comes as crops’ nutrition prices rise due to Russia’s war with Ukraine, which has put a large portion of the world’s fertilizer supply in danger.