Aliko Dangote, chairman of the Dangote Group, has announced that the company is on track to become the world’s leading fertilizer producer by 2028.
Speaking on Thursday at the Imo Economic Summit, the billionaire industrialist revealed that the group is expanding its fertiliser capacity from 3 million tonnes of urea to 12 million tonnes over the next three years.
“We are investors and I can tell you in the next three years, the programme that we have in the group, we’re investing heavily in fertiliser,” he said.
Dangote also commended recent economic reforms introduced by the federal government, noting that the impact of those policies is beginning to show.
“There are very good policies, bold policies that the government has taken today — the exchange rate, the removal of the fuel subsidy, so many other things that the government has actually put out there,” he said.
“But you know, Nigeria is like a scratch card. You only see the good of it when you scratch the card. So some of us that have already scratched the card, we are seeing the results.”
He praised President Bola Tinubu for what he described as strong leadership and said more reforms should be expected soon.
Dangote then urged Imo State governor Hope Uzodinma to highlight which sectors would be best suited for future investment by the group.
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