President Muhammadu Buhari has commissioned the biggest Africans fertilizer plant.
9Janewshub.com.ng reports that President Mohammadu Buhari, on Tuesday in Lagos, commissioned the 3 million metric tonnes urea plant built by the Dangote Fertiliser Limited..
Speaking during the commissioning of the Dangote Urea plant at the Lekki Free Zone in Lagos State, President Mohammadu Buhari expressed delight at the commitment demonstrated by Alhaji Aliko Dangote in support of food production in Nigeria, the African continent and indeed the world.
The President, who commissioned the 3 million tonnes fertilizer project sitting on a vast 500 hectares of land described it as a major milestone to boost Nigeria’s food production capability.
He expressed happiness that the plant would provide employment, increase agricultural production activities along the food value chain and address low fertilizer usage by farmers in the country, saying it would be a game-changer in the nation’s desire to achieve food sufficiency and security.
President Buhari commended the Dangote Group for the investment, adding that the project will reduce if not eliminate Nigeria’s dependency on fertilizer importation the way the organisation ended dependence on cement importation.
According to him, Nigeria as a country stands to benefit immensely from the huge production capacity of the plant from production and exportation of its products that have already gained patronage and acceptance in far away United States of America, India, and Brazil.
He assured that the administration would not relent in the effort to improve on major infrastructure like the roads and railway transportation and other measures to ensure the ease of doing business in the country.
The President/Chief Executive, Dangote Group, Alhaji Aliko Dangote said the fertilizer plant is historic in many instances, saying it is the first of its kind in the African continent and second largest in the world.
He disclosed that the products from the plant are already finding patronage across the globe in the United States of America, Brazil and many African countries.
Dangote, who said agriculture accounts for about 20 percent of Nigeria’s Gross Domestic Product, said the commissioning of the fertilizer plant has the capacity to enhance the country’s desire for food sufficiency and production.
He assured that the quality of the products from the $2.5 billion plant would boost food production across the country, continent of Africa and enhance output for self-sufficiency.
He disclosed that the plant was the outcome of several years of collaborations with organisations and individuals that share the same vision with him.
Alhaji Dangote commended President Mobammadu Buhari for his commitment to the Nigerian project, the Governor of the Central Bank of Nigeria (CBN), partner banks, the Lagos State Governor, Mr. Babajide Sanwo-Olu, and the leaders of the host community for making peace possible all through the period of the project.
He said the plant has power plant comprising of 3 Steam
of 40 MW capacity each totaling 120 MW with installed capacity to drive agricultural revolution in Nigerian and the African continent.
The Governor of Central Bank Of Nigeria(CBN), Mr. Godwin Emefiele assured potential investors of the bank’s support and provision of enabling environment for ease of doing business.
Lagos State Governor, Mr. Babajide Sanso-Olu praised the resilience of Alhaji Aliko Dangote, saying his audacity to succeed was thematic and contributed to the success of the project in Ibeju-Lekki.
Sanwo-Olu, who called for more friendly investors to take advantage of the location of the state as the heartbeat of business in Nigeria and Africa to partner with the state, saying Lagos State is ready to embrace any investor.
He lauded the vision of the former governor of the state and leader of the All Progressives Party/(APC), Asiwaju Bola Tinubu for the establishment of the Lekki Free Trade Zone several years, saying that vision has continued to change the face of the area and investments in Ibeju-Lekki.
The Minister of Trade, Industry and Investment, Otunba Niyi Adebayo said the commissioning of the urea plant would be of an unquantifiable benefits to Nigeria’s economy and improve the felt needs of farmers and others along the agriculture value chain.