Nigeria recently launched Africa’s largest fertilizer plant.
According to Africa News, this $2.5 billion fertilizer plant will contribute to the global supply of fertilizer in the wake of inflation stemming from the Russo-Ukrainian war.
Although agriculture contributed to 25.8% of Nigeria’s 173 billion dollar economy in 2021, farmers are oftentimes limited on supplies like fertilizers and seeds. But with this new fertilizer plant, Nigeria expects a bigger boom in the industry, given that fertilizer will now be readily available.
Nigerian President Muhammadu Buhari stated the following:
“We expect the rise of a new breed of agropreneurs who will add value to farming and make the nation self-sufficient in food production.”
The plant will be located in Lagos, Nigeria, and will export fertilizer to countries like the United States, Brazil, India, and Mexico.
Plant owner Aliko Dangote also advised the following:
“The new plant will make Nigeria self-sufficient in fertilizer production with excess capacity to export to other African markets and the rest of the world.”
“Our goal is to make fertilizer available in sufficient quantity and quality for our teeming farmers, assuring greater agricultural output.”
Until Next Time…
Photo Credit: African Courier
Nigeria launches Africa’s largest fertilizer plant. Africa News. (2022, March 24). Retrieved March 26, 2022, from https://www.africanews.com/2022/03/23/nigeria-launches-africa-s-largest-fertilizer-plant//