The world’s richest black man with a fortune of $12.1 billion (FCFA 6,655 billion), Chairman of the Dangote Group, Aliko Dangote, has said that the $2 billion (FCFA 1,100 billion) urea granular fertiliser plant at Ibeju Lekki, Lagos, will commence operations this week.
The fertiliser plant has an annual capacity of three million tonnes of urea and ammonia, the largest in the world. It is also being built in the Lekki Free Trade Zone, which is home to other factories and plants, including the Dangote refinery and the 650,000-barrel-per-day Lekki port.
« I am saying that by this time next year, our cost of importing petroleum products for petrochemicals or fertilisers can be saved which will save Nigeria’s reserve, » Godwin Emefiele had said.
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