Nigeria to earn $7m daily revenue from fertiliser export – Dangote

The president of Dangote Group, Aliko Dangote, has said that in the next two years, the 650,000 barrels per day refinery will be exporting almost 16,000 tonnes of fertiliser.

Dangote disclosed this when he paid the managing director of NPA, Abubakar Dantsoho, a courtesy visit in Lagos.

Africa’s richest man said the company’s fertiliser exports will rake in about $6.5 to $7 million in revenue for the Nigerian government.

He noted that with the exportation of fertiliser, the company would be the major supplier of foreign exchange earnings in the country.

“In the next two years, we will be exporting about 16,000 tonnes of fertiliser. When you talk about 16,000 tonnes of fertiliser, it’s about $6.5m to $7m in revenue that will be coming into the country daily.

“With our export programme, our company will be the major supplier of foreign exchange earnings in Nigeria,” Dangote said.

He added that in a few weeks’ time, the 650,000 barrels per day refinery will commence the exportation of coal and polypropylene.

“In the next couple of weeks, we will start exporting coal out of Nigeria. The refinery operations will not export less than 25 million tonnes of various products.

“We will also be exporting about 600,000 to 700,000 metric tonnes of polypropylene. So when you are talking about export, we are going to be very big,” he said.

In his remarks, Dantsoho explained that since the Naira-for-crude deal started in October 2024, the agency has operated 57 vessels every month.

“The projected volume that Dangote was looking at per annum was 600 vessels. If you do 56 or 57 vessels in 12 months, you will see that we are already doing bigger than what they projected.

“We will continue to do our best with support from the government. If all agencies of government can collaborate and be on the same dashboard, then efficiencies in other sectors of the economy will also be witnessed,” Dantsoho stated.