FG will gain excess foreign earnings from Dangote fertilizer plant – Buhari

The President, Major General Muhammadu Buhari (retd.), on Tuesday, hailed Africa’s richest man and Nigeria’s pride, Aliko Dangote, describing him as the biggest employer of labour after the Federal Government. Buhari stated this during his speech when he inaugurated the multi-billion dollar Dangote Fertiliser Plant, located at the Ibeju Lekki area of Lagos State. He also said the government would gain excessively in foreign earnings from the new plant. The world-class fertilizer plant was built at a cost of $2.5 billion, with the capacity to produce three million metric tonnes (mt) of urea per annum. Buhari said the new fertiliser plant would reduce Nigeria’s importation of urea, adding that he hopes to inaugurate the Dangote Refinery later this year. The President said, “Along with the several other subsidiaries, Dangote Industries Limited has created millions of jobs across Nigeria. It is the second biggest employer of labour in this country after the Federal Government. Buhari also said, “I look forward to inaugurating the refinery and petrochemical plant later in the year.”