Dangote Group’s fertilizer plant, under construction in Lagos, will be ready to start production in February next year, so says Saipem SpA, the builders of the factory.
This is coming on the heels of the latest inflation figure from the National Bureau of Statistics (NBS), showing that inflation rose to 12.56 per cent (year-on-year) in June compared to 12.40 per cent in May.
Owned by Aliko Dangote, Africa’s richest man, the fertilizer plant located in Lekki, has capacity for three million tons a year of urea and ammonia, making it the world’s biggest. It is in the vicinity of the 650,000 barrels a day Dangote Oil Refinery, also under construction.
Test run started at the plant in March, though hampered by the disruptions that came with the Coronavirus pandemic, said Maurizio Coratella, Chief Operating Officer of Saipem SpA.
“We are picking up now that things are looking more stable and are currently very well advanced. We are in the commissioning stage of the first train; for the second, we will have that commissioning in six to seven months’ time,” Bloomberg quoted Coratella to have said in an interview.
Read the full interview on Thisday