“People are begging us to sell,” he said.
“We are very picky about who we sell this product to. We load a ship to the US, Brazil, Mexico, India … the EU is trying to buy from us,” he added.
The fertilizer plant is located on 500 hectares (1,235 acres) of land on the outskirts of Lagos and has a capacity to produce 3 million tonnes of urea annually, making it the second largest plant in the world, Dangote said.
Urea and ammonia are essential ingredients for farmers to achieve production targets, and access to fertilizers has been significantly reduced, threatening the global food supply chain.
“We are fortunate to have this plant,” Dangote added. “It comes at the right time with the conflict between Ukraine and Russia, as both Ukraine and Russia control significant amounts of agricultural inputs … This can help many African countries. The export market is a seller’s market.”
The number of people on the brink of starvation has risen to 44 million from 27 million in 2019, the UN World Food Program said this month. Parts of Africa could be starved in as little as three months if Russia’s war in Ukraine drags on, says Wandile Sihlobo, chief economist at the Agricultural Business Chamber of South Africa.
“In the short term, between now and three months, the conflict will affect food supply primarily from a pricing perspective,” Sihlobo told CNN.
“This is a very big impact. It is very significant for Nigeria’s economy,” Dangote told CNN.
Governor Godwin Emefiele said reducing fertilizer imports was a key pillar of Buhari’s diversification agenda, which took the country from being a net importer of the commodity to self-sufficiency.
“Over the last five years, over 35 million bags of mixed fertilizer have actually been produced in Nigeria. Therefore, our import bill on fertilizer has not only dropped significantly, but we are also witnessing increasing investment in the fertilizer industry, such as. is being ordered today by the Dangote Group, “he said during a speech at the inauguration of the facility.
“Today, Nigeria is self-sufficient in urea production, and we are also the leading producer of urea on the African continent.
Speaking at the event, Buhari said the plant would help Nigeria stop its dependence on food imports.
“The facility creates huge opportunities in job creation, warehousing, transportation and logistics. This will create significant wealth, reduce poverty and help secure the future of our nation.”
Dangote Group is the second largest employer in Nigeria after federal government.
Aliko Dangote opens huge fertilizer factory in Nigeria while food crisis threatens
Source link Aliko Dangote opens huge fertilizer factory in Nigeria while food crisis threatens