12 °c
London
Saturday, August 20, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Business

Dangote’s fertilizer plant answer to Africa’s Russia-Ukraine crisis worries

The Exchange by The Exchange
March 28, 2022
in Africa, Business, Nigeria
Reading Time: 3 mins read
852 26
0
Dangote Cement bag of goodies
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

High costs of fertilizers are already threatening farmers amid sanctions on Russia, a significant supplier of fertilizers across the world, where the government in March urged domestic producers to temporary halt exportation.

  • The Dangote Fertilizer Plant is located in the capital of Lagos and is owned by the richest man in Nigeria, Aliko Dangote
  • Most countries in Africa and the world are heavily dependent on commercializing agriculture, directly translating to the increase in the demand for fertilizers.
  • The Dangote Fertilizer Plant is the largest fertilizer production factory in Africa and the second-largest in the world

Nigerian president, Muhammadu Buhari, has inaugurated a US$2.5 billion fertilizer plant as the country’s target contributing to the global supply amidst increasing prices during the Russian-Ukrainian war.

High costs of fertilizers are already threatening farmers amid sanctions on Russia, a significant supplier of fertilizers across the world, where the government in March urged domestic producers to temporary halt exportation.

Also read: AIM Congress: advanced industries driving emerging markets in Africa

The Dangote Fertilizer Plant is located in the capital of Lagos and is owned by the richest man in Nigeria, Aliko Dangote. During the plant launch on March 22, President Buhari said that the nation stands to gain extensively from its production.

Most countries in Africa and the world are heavily dependent on commercializing agriculture, directly translating to the increase in the demand for fertilizers.

In Nigeria, agriculture contributed 25.8 per cent of the US$173 billion gross domestic product in 2021. The Dangote fertilizer plant will help eradicate the fertilizer problem as most farmers in the country are restricted with limited supplies such as fertilizer and improved seedlings.

Dangote Fertilizer plant is the largest fertilizer plant in Africa.

The global fertilizer market has been shaken, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, said that the plant is timely and will help Nigeria solve a perennial fertilizer problem.
The new fertilizer plant will produce 3 million metric tonnes annually, with Buhari expecting a boom as fertilizer is now readily available in more significant quantities and better quality. The head of state encouraged Nigerians to take up agriculture as a business, saying that he expects the rise of a new breed of agropreneurs who will add value to farming and make the nation self-sufficient in food production.”

Dangote said that fertilizer from the plant would be exported to many countries, including the United States, Brazil, Mexico, and India.

“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,” said Aliko Dangote. “Our goal is to make fertilizer available in sufficient quantity and quality for our teeming farmers, assuring greater agricultural output.”

The Dangote Fertilizer Plant is the largest fertilizer production factory in Africa and the second-largest in the world. The visionary leadership of the Dangote Group is driving the manufacturing sector in the wealthiest country by GDP.

Also read: Katapult and Tony Blair Institute partner to develop an African accelerator

Dangote has built his wealth primarily from Dangote Cement. Still, he is looking to cement his position at the top of the chain through the diversification of his businesses across Africa. Dangote Group is the largest conglomerate in Africa.

The Dangote Group Nigeria now has 19 companies, that includes the following subsidiaries;
1. The new Dangote fertilizers plant- The largest fertilizer production plant in Africa
2. ALCO International Limited- Deals in the wholesale distribution of electrical appliances, television and radio sets.
3. Dangote Transport Limited- His transport company, Dantrans Limited, uses modern technological devices like the advanced GPS to provide rapid and safe transport services in Nigeria.
4. Dangote Nigeria Limited

The Dangote Fertilizer Plant is the largest fertilizer production factory in Africa and the second-largest in the world.

5. Dangote Cement Plc. – Listed on Nigeria Stock Exchange and accounts for over 60 per cent of Dangote Group revenue. It is the biggest cement producer in Africa.
6. National Salt Company of Nigeria Plc. – Listed on Nigeria Stock Exchange and deals in the production of edible and industrial salts.
7. Dangote Flour Mills Plc. – Listed on Nigeria Stock Exchange and is involved in the milling of wheat and production of wheat products.
8. Dangote Sugar Refinery Plc. – This company is listed on Nigeria Stock Exchange. It is solely based on extracting juice from local sugarcanes and processing them into sugar for domestic consumption.
9. Dangote Oil and Gas Industries International- Dangote built one of the biggest oil refineries in Nigeria in 2007 to stabilize the unstable fuel condition in the country.
10. Dangote General Textile Products Ltd- The organization operates in the Clothing and Accessories sector.
11. Dangote Holdings Limited- A private entity that specializes in investments
12. Blue Star Shipping Lines Limited- A professional loading and discharging outfit in the maritime sector.
13. Dansa Foods Limited- A beverage manufacturing company
14. Dansa Food Processing Limited
15. Dancom Technologies- It is a company established to provide IT services and support to organizations.
16. GreenView International Company Limited – invested more than US$28million in cement factory in Ghana.
17. Sephaku Cement Limited – Dangote Group has 64 per cent shareholding in this South African cement company.
18. Alheri Engineering Limited- It deals in manufacturing construction and fabrication products. Alheri also provides engineering services qualitatively and quickly.
19. Kura Holdings Limited.

Related

Source: The Exchange
Tags: africaagricultureAliko DangoteBrazilBusinessCentral Bank of NigeriaDangote Fertilizer PlantDangote Group NigeriaDangote’s fertilizer plant answer to Africa’s Russia-Ukraine crisis worriesFeaturefertilizersGodwin EmefieleIndiaMexicoMuhammadu BuhariNigeriaUnited Statesнигерияنيجيرياナイジェリア尼日利亚
ScanSendShare351Tweet220Share61Pin79Send
The Exchange

The Exchange

News analysis and comment from the The Exchange, a leading publication providing economic news and analysis on the capital markets of Africa, with a specific interest in Kenya, Uganda, Tanzania, Rwanda, Burundi, Ethiopia and Congo. We provide features in banking, capital markets, energy, mining, manufacturing and industrial development.

Related Posts

Music

Rwandan soul singer Buravan passes on

by Taarifa Rwanda
August 20, 2022
Agriculture

Botswana’s 2022 cereal production at above-average level: FAO

by Farmers Review Africa
August 19, 2022
Angola: Family farming should be specialized – Economist
Trade

Angola agricultural potential of Huila attracts Namibian investor

by FurtherAfrica
August 19, 2022
Energy

South Africa’s Tiger Brands to roll out solar power at manufacturing sites

by FurtherAfrica
August 19, 2022
Islamic Banking survived pandemic-induced crash thus good for Africa
Finance

IsDB reaffirms cooperation with Mozambique

by Emmanuel Chilamphuma
August 19, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Music

Rwandan soul singer Buravan passes on

by Taarifa Rwanda
August 20, 2022
0

Afro pop, RnB and Soul singer Yvan Buravan died on the night of Wednesday in India where he was undergoing...

Read more

Botswana’s 2022 cereal production at above-average level: FAO

August 19, 2022
Angola: Family farming should be specialized – Economist

Angola agricultural potential of Huila attracts Namibian investor

August 19, 2022

South Africa’s Tiger Brands to roll out solar power at manufacturing sites

August 19, 2022
Islamic Banking survived pandemic-induced crash thus good for Africa

IsDB reaffirms cooperation with Mozambique

August 19, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,539 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?