He announced this in Lagos on Saturday, during a tour of facilities by Babajide Sanwo-Olu, governor of Lagos, at the Lekki Free Trade Zone and Dangote petrochemical refinery facilities.
The billionaire businessman also disclosed that the refinery plant will be completed later this year and production will commence first quarter 2022.
The fertiliser plant has a name-plate annual capacity of three million tons of urea and ammonia — largest in the world.
It is likewise being built in the Lekki Free Trade Zone area which homes other flora and factories inclusive of the 650,000 barrels per day Dangote Refinery and Lekki Port.
This makes Dangote fertiliser plant, the handiest urea exporting corporation in Sub-Saharan Africa, each the fertiliser and petrochemicals vegetation are capable of generating $2.Five billion annually.
Godwin Emeiele, governor of the Central Bank of Nigeria, had assured that arrangements have been to allow the Dangote Refinery promote delicate petroleum merchandise in naira when it commences production with the intention to save foreign exchange for the usa.
“I am announcing that via this time subsequent 12 months, our price of import of petroleum products for petrochemicals or fertiliser could be capable of store that with a purpose to keep Nigeria’s reserve,” Emefiele had said.
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