Phase one of the Dangote Fertiliser plant in Nigeria, which will produce three million metric tonnes per annum of urea and ammonia, will be ready before the end of this year.
The second phase of the project, which would produce an additional 1.6 million metric tonnes of the same, would, however, be ready by the year 2021.
Technical Consultant for Refinery and Petrochemical Projects at Dangote Industries, Ing. Babajide Soyode, who revealed this, assured that Dangote fertiliser will guarantee food sufficiency in Nigeria and beyond.
In an interview with The Finder, he also spoke about the Dangote refinery, which will be commissioned this year and start trading next year.
According to him, it will have the capacity to refine 650,000 barrels of crude per day.
Ing. Soyode said the entire project, which will cost over $12 billion, will create 1,600 permanent jobs and 100,000 indirect jobs, and will save Nigeria over $7.5 annually through import substitution.
He said on the completion of the Dangote refinery, the domestic demand for fuel will be met and the surplus will be exported, with the prospect to generate other macroeconomic benefits such as over $5.5 billion per annum forex earnings from exports.
Presently, with the ongoing constructions at the site, located at Lekki, Lagos state, Ing. Soyode says over 1,500 have been engaged directly by Dangote refinery through various contractors executing contracts.
Ing. Soyode further stated that the refinery is going to lead to a lot of direct and indirect employment.
“Many filling stations which have been shut down due to lack of foreign exchange to import products will become active again through local sourcing of petroleum products. If the Government of Nigeria is wise to remove subsidy, it could now use the money which it was spending on subsidy to provide social amenities.”
Source: The Finder