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Dangote to start exporting fertiliser to US and Brazil

The Dangote fertiliser plant in Nigeria will also be able to supply all the major markets in sub-Saharan Africa

The Nigerian billionaire Aliko Dangote’s new fertiliser plant near Lagos will export its first shipment in late June or early July, to Louisiana, and most exports from the plant are expected to go to Brazil, Dangote announced on Tuesday (22 June).

The new plant in the Lekki Free Zone in Lagos State, designed to manufacture three million tonnes of urea per year, will also be able to supply all the major markets in sub-Saharan Africa, Dangote told a virtual economic forum hosted by Qatar.

“Apart from meeting the domestic demand, we are going to be able to earn quite a lot of money exporting the goods to the South American countries,” he said.

Many in Nigeria also hope the Dangote plant will help alleviate chronically low crop yields in Africa’s most populous country, which are partly due to insufficient access to fertiliser.

According to the World Bank, Nigeria consumed approximately 20 kilograms of fertiliser per hectare of arable land in 2018, compared with 73 kilograms in South Africa and 393 kilograms in China.

The Central Bank of Nigeria bars the use of its foreign exchange for fertiliser imports, just one of a raft of controls aimed at boosting domestic production.

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Source
Reuters
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