Food security, foreign exchange gains seen for Nigeria in Dangote fertiliser

Dangote fertiliser

Nigeria’s fertiliser deficits, which have contributed to poor farm outputs as well as scarce foreign exchange that has limited ability of people and businesses to transact, have been identified as some of the problems that would get some solutions with the Dangote fertiliser plant that was commissioned today.

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The fertiliser plant, which was commissioned by President Muhammadu Buhari has a capacity to produce 3 million metric tonnes of Urea per annum, and was established at a cost of $2.5 billion in the Lekki Free Trade Zone area of Lagos State.

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Caleb Ojewale

Caleb Ojewale is an Assistant Editor at BusinessDay Newspaper in Nigeria, where he also heads Industry and Real Sector, supervising all associated beats/desks. He is concurrently Editor for Features, Interviews, and the Newspaper's Backpage (Monday to Thursday). He has also been OP-ED Editor and a member of the Editorial Board. A well rounded business journalist; he is a recipient of multiple local and international journalism awards. Caleb is a fellow of the University of Oxford and OKP and has bachelor’s and Master's degrees in communication from Lagos State University and the University of Lagos, respectively.

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