President Muhammadu Buhari on Tuesday said Dangote Group is the second-largest employer of labour in Nigeria, after the federal government.

He said this in Lagos, when he commissioned the 3 million metric tonnes capacity Dangote Fertiliser plant built at a cost of $2.5 billion.

Secured Future

In his speech before commissioning the facility, President Buhari was delighted that the plant would further advance his administration’s drive towards achieving self-sufficiency in food production in the country.

“I commend the Chairman, Board, and Management of Dangote Industries Limited for their business initiative in building this plant to reduce our dependence on importation of fertiliser, create jobs on a massive scale, increase the inflow of foreign exchange and accelerate economic growth,” he said.

“This new plant is a testament to the widely acknowledged patriotism of Aliko Dangote and the leadership of Dangote Industries Limited. It also demonstrates their commitment to the socio-economic development of our country and the wellbeing of our people.

The plant which is located at Ibeju Lekki is built on 500 hectares of land.

Speaking at the event, Buhari noted that the fertiliser company was already exporting its product to other countries, including the United States, Mexico, India and Brazil.

The president added that the contributions of Dangote Industries have further affirmed Nigeria’s leadership in Africa.

In his welcome address, President of Dangote Group, Alhaji Aliko Dangote, said that the plant being commissioned is the largest granulated urea plant in Africa, and the second largest in the world.

He described its commissioning as very historic, saying it is the largest granulated urea plant in Africa and the second-largest in the world.

Africa’s richest businessman hinted that the plant would help Nigeria retain about $125 million in import substitution and provide $625 million from exports of its products.

“It is an ambitious developmental project which will drastically reduce the level of unemployment and youth restiveness in this country, through the direct and indirect employment,” he said.

“Our goal is to make fertiliser available in sufficient quantities and quality for our teeming farmers in achieving greater agricultural outputs and to help realise this potential, we are rolling out initiatives that will transform the agriculture sector including services for all small and medium-scale farmers.”

Dangote informed the audience at the event that the plant has established well-equipped soil testing laboratories to ensure appropriate fertiliser blends were applied to specific soil and crop types.

 

Rise Of Agropreneurs

Nigeria, President Buhari stated, also stands to gain extensively in earnings of foreign exchange from the excess production and export from the plant.

“I am informed that you have already started exporting to other countries, including the United States, India, and Brazil,” he said. “The coming on stream of the plant is creating huge opportunities in the areas of job creation, trade, warehousing, transport, and logistics.

“This will create significant wealth, reduce poverty, and help in securing the future of our nation. In the agriculture sector, another focal point of our economic policy, we expect a boom as fertiliser is now readily available in greater quantities and better quality.

 

“Many Nigerians who hitherto practised subsistence farming because of the inability of necessary inputs can now take up agriculture as a business.  We expect the rise of a new breed of agro-preneurs who will add value to farming and make the nation self-sufficient in food production.”

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