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HomeEconomyPresident Buhari inaugurates Dangote Fertilizer plant, says Nigeria's dependence on imported agriculture...

President Buhari inaugurates Dangote Fertilizer plant, says Nigeria’s dependence on imported agriculture products to end soon

President Muhammadu Buhari has declared that Nigeria’s dependence on imported products in the agriculture sector would soon be a thing of the past with the inauguration of the Dangote Fertilizer Plant, which has an installed capacity of 3.0 million metric tonnes of Urea per annum.

At the ceremony in Lagos, he said that the plant would advance the country’s drive towards achieving self-sufficiency in food production, create jobs, increase the inflow of foreign exchange and accelerate economic growth.

‘‘This new plant is a renewed testament to the widely acknowledged patriotism of Alhaji Aliko Dangote and the leadership of Dangote Industries Limited. It also demonstrates their commitment to the socio-economic development of our country and the well-being of our people.

‘‘The Group’s investment in integrated cement plants, spanning the value chain from quarry to ‘bagging, has effectively ended Nigeria’s dependence on imported cement products.

‘‘Along with the several other subsidiaries, Dangote Industries Limited has created thousands of jobs across Nigeria. It is the second biggest employer of labour in this country, after the Federal Government.

‘‘This is very pleasing because job creation by private sector operators is vital to security as it takes thousands of youths off the street,’’ he said.

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