Africa’s richest man, Aliko Dangote, strikes fertilizer deal with German firm
Dangote Fertilizer signs a deal with Germany’s thyssenkrupp Uhde to boost Nigeria’s urea capacity and strengthen food security.
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Dangote Fertilizer signs a deal with Germany’s thyssenkrupp Uhde to boost Nigeria’s urea capacity and strengthen food security.
Dangote eyes expansion of $3 billion fertilizer plant to reduce Africa’s imports and boost local food production in 40 months.
The fertilizer plant, spread across 500 hectares in Ibeju Lekki, Lagos, is already the largest of its kind in Africa.
Dangote is now the world’s 80th richest man.
The $2.5-billion urea fertilizer plant is reported to be the Africa’s largest granulated urea fertilizer complex.