Aliko Dangote, the President of Dangote Group, has shared exciting news about the company’s future export plans. According to him, in the next two years, the company’s massive refinery will begin exporting about 16,000 tonnes of fertiliser each day.
He made this announcement during a visit to the Managing Director of the Nigerian Ports Authority (NPA), Abubakar Dantsoho, in Lagos.
Dangote, known as Africa’s richest man, said this export project could bring in between $6.5 million and $7 million in revenue daily for the Nigerian government.
He also stated that this would make his company a top source of foreign exchange income for the country.
“In two years, we’ll be exporting around 16,000 tonnes of fertiliser every day. That will bring in between $6.5 million and $7 million daily to Nigeria,” Dangote explained.
He added that the company’s export plan will help Nigeria earn more foreign exchange and reduce its dependence on imports.
Besides fertiliser, Dangote said the company will soon start exporting coal and polypropylene as well.
“In just a few weeks, we’ll begin exporting coal. Our refinery will be shipping out at least 25 million tonnes of different products. We will also export 600,000 to 700,000 metric tonnes of polypropylene,” he said.
During the visit, NPA boss Abubakar Dantsoho spoke about the progress since the Naira-for-crude oil deal started in October 2024. He revealed that 57 vessels have been managed every month since then.
He explained that Dangote initially estimated the need for 600 vessels annually. But current data shows the company is already handling more than that with nearly 57 vessels monthly.
Dantsoho also said that if all government agencies work together effectively, other areas of the economy will also grow stronger.