President Muhammadu Buhari has inaugurated the three million metric tonnes Dangote Fertilizer Plant in Lagos State.
The inauguration took place on Tuesday at the Lagos Free Trade Zone in Lekki.
The plant, built at a cost of $2.5 billion, has the capacity to produce three million metric tonnes (mt) of urea yearly in its first phase.
According to dangote.com, the plant is Africa’s largest Granulated Urea Fertilizer complex and occupies 500 hectares of land in the Lekki Free Trade Zone.
The plant is also expected to add well over $400 million in foreign exchange to the Nigerian economy from exportation of the products to other Africa countries.
According to the president, the project is in line with the government’s drive to ensure food sufficiency in the country.
“This is a demonstration of enhancing the socio-development of the country,” he said, while also commending the Dangote Fertilizer team,” President Buhari said.
The President and Chief Executive Officer of the Dangote Group, Aliko Dangote, expressed delight at the success of the fertilizer plant.
President Buhari will also use the opportunity of his visit to Lagos to tour the Lekki Deep Seaport and the Dangote Refinery and Petrochemical plant, located within the free trade zone.
