Dangote Group will be world’s top fertiliser producer by 2028 — Aliko Dangote

File: President/Chief Executive of Dangote Group, Aliko Dangote

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The Chairman of Dangote Group, Alhaji Aliko Dangote, has disclosed that the group will become the world’s largest producer of fertiliser by 2028.

Dangote stated this while speaking at the Imo Economic Summit, organised by the Imo Government, in Owerri on Thursday.

The business mogul and richest man in Africa said the time had come for Africans to step into greatness and occupy their place in global business.

He said the Dangote Group would increase its urea production capacity “from the current 3 million tons to 12 million tons by 2028 to enable it to top fertiliser production in the world.”

He urged Nigerians and Africans to invest at home, adding that “only a local investor can convince a foreign investor to invest in his home.”

“I recently announced that we will double investment at home, with a target of 1.4 million barrels per day, because there is no place like home.

“Africans must invest at home because that is the best way to convince a foreign investor to invest in Africa,” he said.

He thanked the President Bola Tinubu-led government for its policies and called for more investments in electric power generation.

Speaking at the summit, former President of Mauritius, Ameenah Gurib-Fakim, said that with a high youth population and 30 per cent of the world’s mineral reserves domiciled in Africa, the continent could lay the foundation of hope for the future.

“It is time for Africa to take her destiny into her own hands,” she said.

The News Agency of Nigeria reports that the summit was declared open by President Bola Tinubu, represented by Vice President Kashim Shettima.

Also in attendance was former Secretary-General of the United Nations, Mr Ban Ki-moon.

(NAN)

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