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Dangote group officially opens Africans largest fertilizer plant in Lagos

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In the midst of the conflict between Russia and Ukraine, the Dangote Group, a well-known brand in the African economic sector, has established the continent’s largest fertilizer factory in Nigeria.

CNN reported on Thursday morning that Nigerian President Muhammadu Buhari commissioned the construction of a $2.5 billion urea and ammonia fertilizer factory in Lagos.

Walkers walk past newly inaugurated Dangote fertilizer plant
in Lagos, Nigeria, Tuesday, March. 22, 2022. Nigerian President Muhammadu Buhari on Tuesday inaugurated a $2.5 billion fertilizer plant
with which Africa???s most populous country hopes to contribute to the global supply.
(AP Photo/Sunday Alamba)

Speaking on the subject, Alhaji Aliko Dangote, the company’s chairman, and CEO, stated that the urea market had skyrocketed.

“Everyone is pleading with us to sell,” he claimed.

“We choose who we offer this stuff to extremely carefully. We’re loading a ship bound for the United States, Brazil, Mexico, and India… The EU is attempting to purchase from us “Added he.

The fertilizer complex, which is located on 500 hectares (1,235 acres) on the outskirts of Lagos, can generate 3 million metric tons of urea per year, making it the world’s second-biggest plant, according to Dangote.

Its debut comes at a vital juncture. Prices have risen as a result of the conflict in Ukraine, which has resulted in worldwide food shortages. Russia and Ukraine are important providers of critical fertilizer ingredients such as urea, potash, and phosphate.

The nations are also key producers of wheat and other crops across the world.

Farmers need urea and ammonia to reach output objectives, but access to fertilizer has dramatically decreased, posing a danger to the global food supply chain.

“We’re fortunate to have this factory,” Dangote continued. “It comes at a good moment, given the Ukraine-Russia crisis, because both Ukraine and Russia control large amounts of agricultural supplies. This will benefit many African nations. It is a seller’s market in the export business.”

 

According to a UN World Food Programme index, the number of people on the verge of starvation has increased to 44 million from 27 million in 2019.

If Russia’s war in Ukraine carries on, parts of Africa might face starvation in as little as three months, according to Wandile Sihlobo, chief economist of the Agricultural Business Chamber of South Africa.

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