• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence
    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing
    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report
    Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya
    Nigeria Sets Quality Control and Assurance Laboratory for the Oil and Gas Industry
    Zimbabwe Records it’s Largest Wheat Production in 2022
    …for Electricity Generation Kenya’s Electricity Capacity Rises at 3,000MW
    The Administration of the Egypt Pound diminished by 13% below 32 to the U.S.D as the Central Bank of Egypt started a flexible exchange rate of an International Monetary Fund Financial Support Package
    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)
    Dangote and Partners Invest $1 Billion in Sugar Production in Nigeria

    Dangote Fertilizer, Pre-Testing US$2bn World’s Biggest Plant Ahead of Opening

    Posted On 03 Mar 2020
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Richard Adorsu-

    Photo Credit: Alpine

    NEW AFRICA BUSINESS NEWS (NABN), Accra, Ghana- NIGERIA, Dangote Fertilizer Limited has begun the countdown to the inauguration of its US$2 billion Granulated Urea Fertilizer complex located in the Dangote Free Zone. With a capacity of 3 million tones per annum, the plant has been classified as the biggest project in the entire fertilizer industry.

    Siapem of Italy is the Engineering, Procurement and Supervision (EP) Contractor for the project, while Tata Consulting Engineers, India, is the Project Management Consultants (PMC) for the project.

    At this time, several critical sections of the plant are going through various stages of pre-commissioning and test-run. Virtually all the section of the plant such as Central Control Room, Ammonia and Urea Bulk Storage, Cooling Tower, Power Generator Plant, Granulation Plant, have all been completed and are going through pre-testing.

    Already, Dangote Fertilizer has started receiving gas supply from the Nigerian Gas Company and Chevron Nigeria Limited under the Gas Sale and Purchase was Agreement to supply 70 million standard cubic feet per day (Scf/d) of natural gas to Dangote Fertilizer Limited.

    The project, which will create thousands of direct and indirect jobs in construction and related fields, will provide a major boost to the agricultural sector by significantly reducing the importation of fertilizer in Nigeria and ultimately removing the need for imports when plant is in full production.

    Group Executive Director, Strategy, Portfolio Development & Capital Projects, Dangote Industries Limited, Devakumar Edwin said Nigeria will be able to save $0.5billion from import substitution and provide $0.4 billion from exports of products from the fertilizer plant. “Thus, the supply of fertilizer from the plant, will be enough for the Nigerian market and neighboring countries,” he said.

    Edwin said: “I am happy that by the time our plant is fully commissioned, the country will become self-sufficient in fertilizer production and even have the capacity to export the products to other African countries. Right now, farmers are forced to utilize whatever fertilizer that is

    available as they have no choice, but we need to know that the fertilizer that will work in one State may not be suitable in another State, as they may not have the same soil type and composition. The same fertilizer you use for sorghum may not be the fertilizer you will use for sugar cane.”

    He stated that the Dangote fertilizer project, which is estimated to gulp $2billion is the largest granulated Urea fertilizer complex to emerge in the entire fertilizer industry history in the world, with its three million tones per annum capacity.

    He pointed out that the fertilizer complex, which is sited on 500 hectares of land has the capacity to expand as it is only occupying a small fraction of the allotted portion.

    Edwin added: “The management of the complex is confident that the fertilizer business will deliver reasonable profit to the company and its shareholders as it is projected that population growth and the need for food production will jack up the consumption of Urea fertilizer beginning from 2020 when production of the production would have commenced in earnest.

    “The current consumption of Urea estimated at a dismal 700,000 tones per annum by Nigerian farmers is said to be due to very poor usage and is believed to be the cause of poor product yield, which threatens food security in the country.

    “By 2020, Nigerian population is projected to increase to about 207 million which would lead to increased food production. Estimates points out that around five million tones of fertilizers are required per year in Nigeria in the next five to seven years bifurcated into 3.5 million tones of Urea and 1.5 million tones of NPK while current production levels in Nigeria are at 1.6 million tones by 2019.”

     

     

    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 100 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com  .Africa President of the year will be announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com

     

     

    The Global International Company
    International Business Consultant Company, Specialize With Companies Want To Do Business or Doing Business In Africa & The United States. Contact:  info@theglobalinternational.com

     

     

    Invest in Modern Africa
    Africa the Fastest Growing Continent in the World. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

     

     

    Insurance Partners, LLC, A MBowe Group Company
    Insurance Needs. Contact: info@buyusinsurance.com, Visit: https://thembowegroupinc.business.site/

     

     

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

     

     

     

    NEW AFRICA BUSINESS NEWS
    COMING SOON ADVERTISING OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL ONLINE NEWSPAPER. THANK TO COMPANIES THAT WANT TO ADVERTISE.   INFO@NEWAFRICABUSINESSNEWS.COM

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    South Africa Compromises to Relinquish US$4.5 Billion on Tariffs Under Africa Trade Deal

    Next Story

    US$4 Billion Investment to be Injected in the Nigeria Economy by Nigerian American Business Forum

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence

    Posted On 28 Jan 2023

    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing

    Posted On 27 Jan 2023

    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report

    Posted On 26 Jan 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Facebook

    Latest Posts

    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence

    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing

    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report

    Recent Posts

    • $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence
    • President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing
    • Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report
    • Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya
    • Nigeria Sets Quality Control and Assurance Laboratory for the Oil and Gas Industry

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.