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President Muhammadu Buhari has arrived to perform the official tape-cutting of the multi-billion dollars Dangote Fertiliser Plant at Ibeju Lekki, Lagos.
The plant, built at a cost of $2.5 billion, has the capacity to produce three million metric tonnes (mt) of urea yearly.
According to dangote.com, the plant is Africa’s largest Granulated Urea Fertiliser complex and occupies 500 hectares of land in the Lekki Free Trade Zone.
The plant is also expected to add well over $400 million in foreign exchange to the Nigerian economy from exportation of the products to other Africa countries.
The Dangote plant is expected to complement the production capacity of other existing plants like Indorama Chemicals facilities, located in Rivers State, which produce urea, ammonia and other industrial raw materials.
The President will also use the opportunity of his visit to Lagos to tour the Lekki Deep Seaport and the Dangote Refinery and Petrochemical plant, located within the free trade zone.