• Latest
National Assembly Member, Other VIPs Funding Sunday Igboho, Nnamdi Kanu- Buhari

Nigeria’s Dependence On Imported Products Will Soon Be A Thing Of The Past- Buhari

March 24, 2022
Lagos LG Polls: Court Rejects Moves To Stop Election

3 Men Remanded In Kano For Alleged Possession of Dangerous Weapons

January 27, 2023
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

Court Remands Lokoja ‘Varsity Staff For Scamming Students Of N4m

January 27, 2023
Oyebanji Signs N122.6b 2022 Supplementary Bill into Law

I’ll Use Awo’s Political Philosophy To Drive Development in Ekiti- Oyebanji

January 27, 2023
Timi Frank Raises Alarm, Alleges Plot To Assassinate Emefiele

Osun Tribunal Judgement, Not A Reflection Of The People’s Will- Timi Frank

January 27, 2023
INEC Prepares For Enugu Bye-Election

INEC To Hold Mock Accreditation To Test BVAS

January 27, 2023
Emir of Bauchi Loses Younger Brother

Emir of Bauchi Loses Younger Brother

January 27, 2023
Kebbi Deputy Speaker, 5 Principal Officers Resign

Kebbi Deputy Speaker, 5 Principal Officers Resign

January 27, 2023
Adeleke Gives Fmr Officials 48hrs To Return Govt Properties

Miscarriage Of Justice- Adeleke Reacts To Tribunal Judgement, Vows To Appeal

January 27, 2023
3 AK-47s, Locally Fabricated Gun Recover From Political Party Office in Sokoto

Police Debunk Claims of Shooting a Medical Doctor in Delta

January 27, 2023
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Saturday, January 28, 2023
  • Login
Present Nigeria
  • Home
  • News
  • Politics
  • Business
  • Crime
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Education
  • Sports
  • World News
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Crime
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Education
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result
Home News

Nigeria’s Dependence On Imported Products Will Soon Be A Thing Of The Past- Buhari

by Present Nigeria
March 24, 2022
in News
0
National Assembly Member, Other VIPs Funding Sunday Igboho, Nnamdi Kanu- Buhari
7
SHARES
60
VIEWS
FacebookTwitterWhatsappTelegram

President Muhammadu Buhari has declared that Nigeria’s dependence on imported products in the agriculture sector will soon be a thing of the past with the inauguration of Dangote Fertilizer Plant, which has an installed capacity of 3.0 million metric tonnes of Urea per annum.

Speaking at the commissioning of the plant in Ibeju Lekki, Lagos State on Tuesday, the President said the plant will further advance Nigeria’s drive towards achieving self-sufficiency in food production, create jobs, increase the inflow of foreign exchange and accelerate economic growth.

RelatedPosts

3 Men Remanded In Kano For Alleged Possession of Dangerous Weapons

Court Remands Lokoja ‘Varsity Staff For Scamming Students Of N4m

I’ll Use Awo’s Political Philosophy To Drive Development in Ekiti- Oyebanji

He commended the Chairman, Board and Management of Dangote Industries Limited for their business initiative in conceptualizing and building this plant, which is the second-largest in the world.

The President expressed confidence that the investment in this plant will replicate the Group’s earlier exploits in the cement sector, where Dangote Cement holds the enviable record as our continent’s largest cement producer, with footprints in ten other African countries.

‘‘This new plant is a renewed testament to the widely acknowledged patriotism of Alhaji Aliko Dangote and the leadership of Dangote Industries Limited. It also demonstrates their commitment to the socio-economic development of our country and the well-being of our people.

‘‘The Group’s investment in integrated cement plants, spanning the value chain from quarry to ‘bagging, has effectively ended Nigeria’s dependence on imported cement products.

‘‘Along with the several other subsidiaries, Dangote Industries Limited has created thousands of jobs across Nigeria. It is the second biggest employer of labour in this country, after the Federal Government.

‘‘This is very pleasing because job creation by private sector operators is vital to security as it takes thousands of youths off the street,’’ he said.

On other benefits of the plant, the President expressed delight that with the commencement of exports to other countries including the United States, India, and Brazil, Nigeria is already gaining extensively in earnings of foreign exchange from the excess production of, and export from, the plant.

He noted that coming on stream of the plant had created huge opportunities in the areas of job creation, trade, warehousing, transport, and logistics, which would, in turn, create significant wealth, reduce poverty, and help in securing the future of the nation.

‘‘In the agricultural sector, another focal point of our economic policy, we expect a boom as fertilizer is now readily available in greater quantities and better quality.

‘‘Many Nigerians who hitherto practiced subsistence farming because of nonavailability of necessary inputs can now take up agriculture as a business.

‘‘We expect the rise of a new breed of agropreneurs who will add value to farming and make the nation self-sufficient in food production,’’ he said.

President Buhari used the occasion to reassure Nigerians that his government is focused on providing an enabling environment for the private sector to thrive, pledging continuity in improving infrastructure, power and security as well as enacting relevant laws and regulations to drive investments in the economy.

‘‘We are partnering with the private sector, through a tax credit scheme, in the rehabilitation of roads across Nigeria under Presidential Order No. 7.

‘‘As we know, good roads contribute to easy movement of goods and services across the nation, thus reducing the cost of doing business and improving productivity.

‘‘We are also rehabilitating our railway lines and building new ones to lessen the burden on our roads and create more effective multi-modal transportation networks,’’ he said.

‘‘I look forward to coming back to inaugurate the Refinery and petrochemical plant later in the year.

‘‘Projects of this magnitude and complexity require the support and collaboration of many persons and organisations. I am grateful to all of them.

‘‘In particular, I would like to commend the Central Bank of Nigeria, the Development Finance Institutions and the Local and Foreign Commercial Banks that have supported the investor to make these projects a reality,’’ the President declared.

Lauding Dangote for helping to rebrand Nigeria through his mega investments across Africa, President Buhari said:

‘‘He has fueled job-led growth and transformation of several African economies. I am proud of his contribution to affirming Nigeria’s leadership status in the continent, and I wish him many more successes in the future.’’

After the historic inauguration, President Buhari inspected the Group’s 650,000 barrels per day Petroleum Refinery and 900,000 tonnes per annum Polypropylene Plant sited within the Dangote Free Trade Zone Complex.

In his remarks, Dangote said the fertiliser complex, which occupies 500 hectares and built at a cost of $2.5 billion will drastically reduce the level of unemployment and youth restiveness in the country, through generation of direct and indirect employment.

”Agriculture accounts for over 20 per cent of Nigeria’s GDP, and the country is a leading producer of various agricultural commodities. The sector has the potential of becoming the biggest source of income for our Nation, providing employment and raw materials for industries.

”However, low fertilizer usage has been a major reason for low productivity in the sector. It is common knowledge that non-availability of the product, in quantity and quality, rather than affordability, is the primary constraint to the use of fertilizer.

”Our goal is to make fertiliser available in sufficient quantities and quality for our teeming farmers assuring greater agricultural output,” he said.

The Chief Executive of Dangote Industries expressed immense gratitude to President Buhari, for his sustained support and encouragement, and for honoring the invitation to come, in person, and inaugurate the plant.

He also commended the leaders of the host communities and their people for providing a peaceful and conducive environment for the project to thrive, recognizing the many years of enthusiastic teamwork, labour, toil and sweat of the Management and Staff of Dangote Group for their commitment to high performance, perseverance and resilience.

The governor of Lagos State, Babajide Sanwo-Olu, recounted the role played by a former governor of the State, Asiwaju Bola Ahmed Tinubu, in the establishment of the fertiliser plant and the refinery.

”The idea of having a free zone in the Ibeju Lekki was conceived by our leader Asiwaju Bola Ahmed Tinubu.

”I was with him in 2003, when we took a trip to China and we were trying to conceive a free zone and this is where we are.

”The free zone is not only home to the largest fertilizer plant in Africa but will certainly be home to the largest refinery,” Sanwo-Olu said.

He thanked the President for coming to Lagos, adding that he looked forward to receiving him in a few months’ time to commission more projects.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share3Tweet2SendShareShare
Previous Post

Apongbon Fire: Traders, Other Illegal Occupants Under Lagos Bridges Get 7-day Quit Notice

Next Post

Lagos Govt Shuts Eko Bridge Indefinitely Over Apongbon Fire Outbreak

Related Posts

Lagos LG Polls: Court Rejects Moves To Stop Election

3 Men Remanded In Kano For Alleged Possession of Dangerous Weapons

January 27, 2023
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

Court Remands Lokoja ‘Varsity Staff For Scamming Students Of N4m

January 27, 2023
Timi Frank Raises Alarm, Alleges Plot To Assassinate Emefiele

Osun Tribunal Judgement, Not A Reflection Of The People’s Will- Timi Frank

January 27, 2023
Emir of Bauchi Loses Younger Brother

Emir of Bauchi Loses Younger Brother

January 27, 2023
Next Post
Lagos Govt Shuts Eko Bridge Indefinitely Over Apongbon Fire Outbreak

Lagos Govt Shuts Eko Bridge Indefinitely Over Apongbon Fire Outbreak

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Lagos LG Polls: Court Rejects Moves To Stop Election

3 Men Remanded In Kano For Alleged Possession of Dangerous Weapons

January 27, 2023
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

Court Remands Lokoja ‘Varsity Staff For Scamming Students Of N4m

January 27, 2023
Oyebanji Signs N122.6b 2022 Supplementary Bill into Law

I’ll Use Awo’s Political Philosophy To Drive Development in Ekiti- Oyebanji

January 27, 2023
Timi Frank Raises Alarm, Alleges Plot To Assassinate Emefiele

Osun Tribunal Judgement, Not A Reflection Of The People’s Will- Timi Frank

January 27, 2023
  • I Am Being Blackmail Over A Sex Video With My Partner- Tiwa Savage

    (Video 18+)Tiwa Savage Sex Tape Finally Leaks Online

    552 shares
    Share 221 Tweet 138
  • Submit Campaign Schedules,Police Urges Political Parties

    321 shares
    Share 128 Tweet 80
  • Soludo Suspends LG Chairman For Alleged Homicide

    317 shares
    Share 127 Tweet 79
  • Termites Eat Up Document Backing N17b NSITF Expenditure

    314 shares
    Share 126 Tweet 79
  • Suspect Linked With Ansaru Terror Cell Re-arrested In Sokoto

    314 shares
    Share 126 Tweet 79

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

Recent News

Lagos LG Polls: Court Rejects Moves To Stop Election

3 Men Remanded In Kano For Alleged Possession of Dangerous Weapons

January 27, 2023
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

Court Remands Lokoja ‘Varsity Staff For Scamming Students Of N4m

January 27, 2023
Oyebanji Signs N122.6b 2022 Supplementary Bill into Law

I’ll Use Awo’s Political Philosophy To Drive Development in Ekiti- Oyebanji

January 27, 2023
  • Home
  • News
  • Politics
  • Business
  • Crime
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Education
  • Sports
  • World News

© 2023 Present Nigeria. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Crime
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Education
  • Sports
  • World News

© 2023 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In