President Buhari commissions $2.5bn Dangote Fertiliser Plant

President Muhammadu Buhari has commissioned the Dangote Fertiliser Plant in the Ibeju-Lekki area of Lagos.

He inaugurated the facility on Tuesday at an event well attended by many political, traditional, and religious leaders, as well as key members of the private sector from various parts of the country.

The Dangote Fertiliser Plant is Africa’s largest granulated urea fertiliser complex. It occupies 500 hectares of land in the Lekki Free Trade Zone and was built at about $2.5 billion.

It is expected to help Nigeria retain $125 million in import substitution and provide $625 million from exports of products from the fertiliser plant.

The Dangote fertiliser complex was established to produce three million metric tonnes of urea fertiliser per annum in its first phase.

In the course of its construction, the project provided about 5,000 direct and indirect jobs within the community.

Source: President Buhari commissions $2.5bn Dangote Fertiliser Plant – StocksWatch (stocksng.com)

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