The president of Dangote Group, Aliko Dangote, has stated that within the subsequent two years, the 650,000 barrels per day refinery shall be exporting nearly 16,000 tonnes of fertiliser.
Dangote disclosed this when he paid the managing director of NPA, Abubakar Dantsoho, a courtesy go to in Lagos.
Africa’s richest man stated the corporate’s fertiliser exports will rake in about $6.5 to $7 million in income for the Nigerian authorities.
He famous that with the exportation of fertiliser, the corporate can be the most important provider of international alternate earnings within the nation.
“Within the subsequent two years, we shall be exporting about 16,000 tonnes of fertiliser. Once you discuss 16,000 tonnes of fertiliser, it’s about $6.5m to $7m in income that shall be coming into the nation day by day.
“With our export programme, our firm would be the main provider of international alternate earnings in Nigeria,” Dangote stated.
He added that in just a few weeks’ time, the 650,000 barrels per day refinery will start the exportation of coal and polypropylene.
“Within the subsequent couple of weeks, we’ll begin exporting coal out of Nigeria. The refinery operations is not going to export lower than 25 million tonnes of assorted merchandise.
“We will even be exporting about 600,000 to 700,000 metric tonnes of polypropylene. So if you find yourself speaking about export, we’re going to be very huge,” he stated.
In his remarks, Dantsoho defined that for the reason that Naira-for-crude deal began in October 2024, the company has operated 57 vessels each month.
“The projected quantity that Dangote was taking a look at every year was 600 vessels. In the event you do 56 or 57 vessels in 12 months, you will notice that we’re already doing greater than what they projected.
“We are going to proceed to do our greatest with help from the federal government. If all businesses of presidency can collaborate and be on the identical dashboard, then efficiencies in different sectors of the economic system will even be witnessed,” Dantsoho said.