- Aliko Dangote has begun pre-tests on one of the biggest fertilizer plants in the world, which is located in Lagos
- It has been estimated that products from the $2bn project could save Nigeria $500 million from import substitution and provide $400 million from exports
- The fertilizer plant has a production capacity of 3 million tonnes and could be commissioned in 2020
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Africa’s richest man, Aliko Dangote, has begun pre-tests on a $2 billion fertilizer plant in Lagos.
YEN.com.gh understands that his plant, Granulated Urea Fertiliser complex, is one of the biggest fertilizer projects in the world.
According to the group executive director of Dangote Industries Limited, Devakumar Edwin, Nigeria could save $500 million from import substitution and provide $400 million from exports of products from the fertilizer plant.
Per a report by Business Insider, the plant, which has a production capacity of 3 million tonnes per annum, is likely to be commissioned in the first quarter of 2020.
It has also been concluded that it is likely to create thousands of direct and indirect jobs after the start of full production.
At the moment, tests have been conducted in key areas of the plant such as the Central Control Room, Ammonia and Urea Bulk Storage, Cooling Tower, Power Generator Plant, and Granulation Plant.
The Nigerian Gas Company (NGC) and the Chevron Nigeria Limited (CNL) are already in the process of supplying 70 million standard cubic feet per day (scf/d) of natural gas to the factory.
In other news, Senegal has launched what has been described as the largest wind power plant in West Africa.
This, YEN.com.gh has learned, is in line with efforts to commit to renewable energy solutions. The zero-emissions power plant is designed to provide up to 15% of energy production provided by Senelec, the country’s national electricity company.
The plant, which has a capacity of 158 megawatts is located at Taiba Ndiaye, which is about 86km from Dakar, the nation’s capital.
Per a report by cnn.com, the power plant was reportedly built in 24 months and has been described as a new step in the energy market towards an emerging Senegal, by the president, Macky Sall.
The power plant was reportedly built by Lekela, a British renewable power company, which also operates wind farms in Egypt and South Africa.
Per a plan designed by the government, the power sector would be a key component of a plan to make the country an emerging economy by 2025.
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