Nigerian President Muhammadu Buhari inaugurated a new Fertilizer plant worth 2.5 billion dollars on Tuesday in It hopes that Africa’s most populous country will contribute to global Fertilizer market Like a constant war in Ukraine has disrupted supplies.
Nigeria’s dependency on imported products in Agriculture sector will soon be something of The past Buhari said during the opening in Lagos, the commercial capital of Outlook from Dangote Fertilizer Factory, in In addition to other agricultural initiatives including incentives for farmers.
with the global Fertilizer market The Governor of the Central Bank of Nigeria Godwin Emviel said the opening, in shock of The plant comes at the right time because it “helped Nigeria to solve permanent fertilizer problem. “
Agriculture is the lifeblood for Nigeria economycontributes 25.8% of It has 72.3 trillion naira (over- $400 billion in gross domestic product in 2021. However, farmers sometimes suffer from limitations with Limited supplies such as fertilizers and improved seedlings;
with the new Fertilizer Factory with capacity of 3 million metric tons per year, Nigeria expects ‘boom because fertilizer is now ready available in “Larger quantities, better quality,” Bukhari said.
“Expect rise of a new education of agricultural business people who will add Value for agriculture and make the nation self-sufficient in food production”, calling on many Nigerians to “take it now up Agriculture A business. “
Fertilizer falls from the factory in Industrial area in Lagos will be exported to many countries Including the United States, Brazil, India and Mexico, said Aliko Dangote, the richest man and owner in Africa of Factory amid shock waves of Russia where war continues with Ukraine has disrupted supplies.
across the worldFertilizer costs are high already Threatening farmers amid sanctions on Russia pioneer global the supplier of Fertilizer where the authorities in Mars urged domestic producers to temporarily halt exports.
“The new A factory that will make Nigeria self-sufficient in Fertilizer production with Excess capacity to export to other African markets and the rest of The world”, Dangote said, adding that the factory will do so also Radically reduce the level of The unemployment ” in Nation with unemployment 33% rate as of December 2020.
“for us goal He is making compost available in Sufficient quantity and quality for Our prosperous farmers are ensuring greater agricultural production.” of operations in fertilizer plant.
