Aliko Dangote, chairman Dangote Group, says the $2 billion granulated urea fertiliser plant located at Ibeju Lekki, Lagos, will begin operations next week.
He announced this in Lagos on Saturday, during a tour of facilities by Babajide Sanwo-Olu, governor of Lagos, at the Lekki trade Zone and Dangote petrochemical refinery facilities.
The billionaire businessman also disclosed that the refinery plant are going to be completed later this year and production will commence half-moon 2022.
The fertiliser plant features a name-plate annual capacity of three million plenty of urea and ammonia — largest within the world.
It is also being constructed within the Lekki trade Zone area which houses other plants and factories including the 650,000 barrels per day Dangote Refinery and Lekki Port.
This makes Dangote fertiliser plant, the sole urea exporting company in Sub-Saharan Africa , both the fertiliser and petrochemicals plants are capable of generating $2.5 billion annually.
Godwin Emeiele, governor of the financial institution of Nigeria, had assured that arrangements are to enable the Dangote Refinery sell refined petroleum products in naira when it commences production which can save exchange for the country.
“I am saying that by this point next year, our cost important of petroleum products for petrochemicals or fertiliser are going to be ready to save that which can save Nigeria’s reserve,” Emefiele had said.