Nigerian President Muhammadu Buhari inaugurated a $2.5 billion fertilizer plant in Nigeria, the largest by far in the continent.
Buhari said that the Dangote Fertilizer Plant will help solve the Nigerians’ perennial fertilizer problems.
“Our goal is to make fertilizer available in sufficient quantity and quality for our teeming farmers, assuring greater agricultural output,” said Aliko Dangote, Africa’s richest person and owner of the Dangote Fertilizer Plant.
According to Dangote, Dangote Fertilizer Plant can produce 3 million metric tons of fertilizer annually. He added that the plant plans to export the product to the United States, Brazil, India, and Mexico.
“The new plant will make Nigeria self-sufficient in fertilizer production with excess capacity to export to other African markets and the rest of the world,” said Dangote.
Buhari urged the Nigerians to make the nation self-sufficient in food production by getting into agriculture as a business.
The agricultural sector in Nigeria contributed 25.8 percent of the country’s $173 billion gross domestic product in 2021.
Nigeria’s largest fertilizer plant also aims to contribute to the international market amid the economic impacts of the war in Ukraine.
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