Economy
Dangote fertiliser plant starts production year end
Dangote Group has said that its $2billion granulated urea fertiliser plant located at Ibeju Lekki, Lagos will start production before the end of December. Mr Anthony Chiejina, Group Head, Corporate Communications, Dangote Group said in Lagos. He said “the project will be ready for take-off before the end of December. The pre-testing has already been done and the delay in starting operations was due to the COVID-19 pandemic.”
Alhaji Aliko Dangote, Chief Executive Officer, Dangote Group, had in February projected that the plant would begin operations in July. Dangote had said that the project would be the largest fertiliser plant in the world with its three million tonnes per annum capacity. He said it would make Nigeria the only urea exporting country in Sub-Saharan Africa, adding that the fertiliser and petrochemicals plants were capable of generating $2.5 billion annually. According to him, the amount is almost 10 per cent of what Nigeria is getting from home remittances, which is one of the highest in the world.
NAN
-
Economy17 hours agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance17 hours agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Business17 hours agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture17 hours agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
News18 hours agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Maritime18 hours agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Oil and Gas17 hours agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
News17 hours agoRaham Bello, others launch N20bn endowment fund for alma mater
