Dangote Urea Fertiliser plant is expected to generate about $400 million annual foreign exchange from export to African countries.
The fertiliser plant which currently rolls out a minimum of 120 trucks per day across the country is estimated to manufacture three million metric tons of urea per annum which equates to $400 million.
Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries Limited, Devakumar Edwin made this assertion to newsmen recently.
According to Edwin, “We have the capacity to turn out 4,500 tons of Urea every day. This is a bulk application fertiliser as each crop in Nigeria or globally will require nitrogen and this is a rich fertiliser, having 46 percent nitrogen.
“The company has the capacity to meet local demand and also export to African countries.
“Currently the demand is less than one million tons and we alone can produce three million tons, so we can easily meet local demand and also produce for export to other West African countries,” he added.
The ED also said that the company was already working to support farmers with training on the application of the fertiliser and even establish laboratories across the countries to aid proper soil examination.
He said, “The uniqueness of this plant, apart from the fact that we are producing is the focus on farmers’ support, on training, education, development as we are now establishing laboratories across the country.
“[We are also establishing] mobile laboratories where we can go drive around and take soil samples for proper examination to effectively grow the agricultural outputs across the country.”