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Dangote’s timely fertiliser plant pays off as prices soar

african.business/2022/0...

submitted over 3 years ago by chidera2kz

Dangote’s timely fertiliser plant pays off as prices soar

submitted over 3 years ago by chidera2kz

Dangote’s timely fertiliser plant pays off as prices soar
  • Africa's richest man, Aliko Dangote, recently launched a $2.5 billion fertiliser plant in Lagos, Nigeria, which is one of the world's largest and aims to meet local demand while also exporting surplus.
  • The plant's opening comes at a time of rising global fertiliser prices due to factors like the Russia-Ukraine conflict, and it is part of Dangote's strategy to dominate key sectors of the economy and contribute to Nigeria's economic growth.
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