Buhari Commissions Africa’s biggest $2.5bn Dangote Fertiliser Plant
President Muhammadu Buhari on Tuesday commissioned the Dangote Fertiliser Plant with a capacity of 3 million metric tonnes per annum in Ibeju Lekki, Lagos.
The president inaugurated the $2.5 billion project in the presence of dignitaries including Aliko Dangote, president of Dangote Industries Limited, Lagos State Governor Babajide Sanwo-olu, Central Bank of Nigeria Governor Godwin Emefiele, and Minister of Trade and Investment Niyi Adebayo.
Emefiele said at the event that the urea and ammonia fertiliser plant is the biggest of its kind in the world and, combined with 650,000 barrels per day oil refinery standing within its vicinity, will cost Africa’s richest man $17.5 billion.
The refinery is due for launch later this year. Test run began at the facility commences in March 2020 in hope that production would commence later in the year.
