Connect with us

NEWS

Dangote $2Billion Urea Fertilizer Plant Pushes Out 120 Trucks Everyday

Published

on

After months of speculations, Dangote Urea fertilizer is now finally on sales nationwide and it currently pushes out a minimum of 120 trucks per day across the country

Group Executive Director, (Strategy, Capital Projects & Portfolio Development) Dangote Industries Limited, Devakumar Edwin, revealed to the press over the weekend that the Plant which has the capacity to turn out more than 4,500 tonnes of urea per day will conveniently meet the local demand and even produce for exports.

According to him: “…We have the capacity to turn out 4,500 tonnes of Urea everyday…this is a bulk application fertilizer…each crop in Nigeria or globally will require Nitrogen and this is a rich fertilizer, having 46 per cent nitrogen…The company has the capacity to meet local demand and also export to African countries… Currently the demand is less than 1 million tonnes and we alone can produce 3 million tonnes, so we can easily meet local demand and also produce for export to other west African countries.”

According to Edwin, aside fertilizer production, the company is already working to support the farmers with training on application of the fertilizer and even establish laboratories across the country for proper soil examination.

“The uniqueness of this plant, apart from the fact that we are producing is the focus on farmers’ support, on training, education, development as we are now establishing laboratories across the country and even mobile laboratories where we can go drive around and take soil samples for proper examination to effectively grow the agricultural outputs across the country”

The Urea Fertilizer plant was built to tap into Nigeria’s demand for fertilizer, a critical component of achieving food sufficiency for Africa’s most populous country.

The Fertilizer plant is expected to manufacture 3 million metric tonnes of urea per annum, with a view to reducing the nation’s fertilizer imports, and generating $400m annual foreign exchange from export to Africa countries.

Meanwhile marketers and farmers in Kano have described the newly introduced Dangote Fertilizer as a game changer and a forecast for the expected agricultural revolution in the country.

Over the weekend, marketers and farmers who were apparently excited over the weekend welcomed the more than ten trucks that entered Kano markets at the weekend.

Speaking at the event organized by Dan Hydro Company in Kano to mark the introduction of the fertilizer into the northern market, chairman of the Kano state Agro Dealers Association Alhaji Shuaibu Akarami said agro-dealers have confidence in Dangote fertilizer as they have in all his products, adding that as a dealer who spent decades in the business he has discovered that Dangote fertilizer will have no problem penetrating the market in the North.

“I have checked the product and have found out that it will have no problem penetrating the market. With my experience in agro products, I can authoritatively say the product has met our expectations and that has confirmed the confidence we have in Dangote fertilizer and other sister products of the Dangote Group,” he said.

The Dan-Hydro fertilizer Company in Kano which took delivery of the first batch of trucks in Kano said the timing and strategy for the introduction are rife.

Head of operations, Dan- Hydro operations Mr. Hamadi Sekou Drammeh said the Dangote fertilizer conforms to all set standard required by the regulatory agencies.

He said the phenomenon of perennial shortage of the fertilizer product will be over in the country.

He said as part of its public enlightenment plan, the company was going to work with all stakeholders in the agricultural sectors.

In the same vein, Sales Manager of Dan Hydro Mr. Sulaiman Tanko assured that the product will be sold at a reasonable price that will enable fair competition in the market.

Advertisement

Click to comment

Leave a Reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BIG STORY

I’m Willing To Appear In Court, But Scared EFCC Will Arrest Me — Yahaya Bello

Published

on

Former governor of Kogi State, Yahaya Bello, has opened up on his failure to appear before a federal high court in Abuja, says it’s due to fear of arrest by the Economic and Financial Crimes Commission (EFCC).

Recall that the EFCC sought to arraign Bello on 19 counts bordering on alleged money laundering, breach of trust and misappropriation of funds to the tune of N80.2 billion.

Although the arraignment was initially scheduled for April 18, Bello was absent from court on the day.

At the resumed court session on Tuesday, Adeola Adedipe, a member of Bello’s legal team, said his client would have appeared in court but was worried about being taken into custody.

“The defendant wants to come to court but he is afraid that there is an order of arrest hanging on his head,” Adedipe said.

He asked the court to revoke the warrant of arrest issued on April 17 against the former governor.

Adedipe argued that the charge had not been served on his client as required by law at the time the warrant of arrest was made.

“As at the time the warrant was issued, the order for substituted service had not been made. That order was just made this morning,” he said.

“A warrant of arrest should not be hanging on his neck when we leave this court,” counsel to the defendant added.

However, Kemi Pinheiro, EFCC’s lawyer, argued that for the arrest warrant to be vacated, the former governor must be arraigned and take his plea.

Earlier, Emeka Nwite, presiding judge, made an order directing that the defendant should be served the charges by substituted means through his lawyers.

The court has fixed May 10 to rule on the application to vacate the warrant of arrest.

Continue Reading

BIG STORY

BREAKING: EFCC Arrests Former Aviation Minister Hadi Sirika Over Alleged N8bn Nigeria Air Fraud

Published

on

The Economic and Financial Crimes Commission has arrested former Minister of Aviation, Hadi Sirika, over an ongoing N8,069,176,864.00 money laundering probe.

The indicted former Minister of Aviation arrived at the Federal Capital Territory Command of the EFCC at about 1:00 pm on Tuesday, The PUNCH is reporting.

Our correspondent, who was at the Wuse office of the EFCC, observed the embattled former minister’s arrival at the anti-graft agency’s Abuja office.

Following his arrival at the command, Sirika is currently meeting with EFCC investigators to answer questions on alleged fraudulent contracts awarded by him to a company known as Engirios Nigeria Limited, owned by his younger sibling, Abubakar Sirika.

Impeccable anti-graft sources who spoke on the condition of anonymity, because they were not authorized to speak, confirmed the development to our correspondent on Tuesday.

“Yes, that was Hadi Sirika who was taken into our FCT custody. He is currently meeting with EFCC investigators over the alleged N8,069,176,864.00 aviation ministry contract fraud,” a source revealed.

Another source noted, “The N8,069,176,864.00 aviation ministry contract fraud was carried out in connivance with his younger brother, Abubakar Sirika, through the latter’s company.”

In February, It was exclusively reported that the EFCC was investigating the activities of the Aviation Ministry under former Minister Sirika for conspiracy, abuse of office, diversion of public funds, and contract inflation.

A credible source who spoke with our correspondent on Tuesday revealed that the anti-graft commission is investigating the activities of the Aviation Ministry for conspiracy, abuse of office, diversion of public funds, and contract inflation.

Others are criminal breaches of trust and money laundering amounting to N8,069,176,864.00 during Sirika’s tenure in office.

The sum is said to be for four aviation contracts from the former minister to a company known as Engirios Nigeria Limited, owned by his younger sibling, Abubakar Sirika.

Apart from being listed as the company’s Managing Director and Chief Executive Officer, Abubakar is said to be the sole signatory to the company’s two accounts, domiciled in Zenith and Union Banksy.

It was further revealed that the ex-minister’s younger brother, Abubakar Sirika, has been arrested and detained by the commission in connection with N3,212,258,930.18 paid to his company, Engirios Nigerian Limited’s, bank account by the former minister.

It was noted that there is no trace of work done on any of the contract items to date.

The source said Abubakar Sirika, who was arrested on Sunday, February 4, has since been assisting the commission in its probe of the Aviation Ministry’s financial expenditures during Mr Sirika’s tenure.

The EFCC investigator said, “We’re investigating an N8,069,176,864.00 money laundering case linked to former Aviation Minister Hadi Sirika.

“Hadi awarded contracts to his brother Abubakar, knowing that the latter is a civil servant, a deputy director on Level 16 in the Federal Ministry of Water Resources, where he has been working since 2000 till date.

“The first of the contracts from the former minister to Engirios Nigeria Limited was on August 18, 2022, for the construction of the Terminal Building in Katsina Airport, at a cost of N1,345,586,500.00. The second was awarded on November 3, 2022, for the establishment of the Fire Truck Maintenance and Refurbishment Center in Katsina Airport, valued at N3, 811,497,685.00.

“The third contract was on February 3, 2023, for the procurement and installation of lifts, air conditioners, and a power generator’s house in Aviation House, Abuja, at the cost of N615,195,275.000, while the fourth was awarded on May 5, 2023, for the procurement of Magnus aircraft and a simulator for the Nigerian College of Aviation Technology, Zaria, at the cost of N2, 296,897,404.00.

“Out of the total contract sum, the ex-minister paid out N3,212,258,930.18 to his younger brother’s Engirios Nigerian Limited, who, upon receipt of the payment, transferred it to different companies and individuals. There is no trace of work done on any of the contract items to date.

“Abubakar Sirika is currently in our custody at the Headquarters, and he is providing us with more useful information on the financial activities of the Aviation Ministry under the supervision of his older brother, Hadi Sirika.”

Continue Reading

BIG STORY

JUST IN: CBN Resumes Forex Sale To BDCs At N1,021/$

Published

on

The Central Bank of Nigeria has resumed the sale of foreign exchange to Bureau De Change operators. In this latest move, the apex bank is selling to them at an exchange rate of N1,021 per dollar.

Additionally, the CBN has directed BDCs to limit their sales to an amount not exceeding 1.5 per cent above the purchase price.

This information was disclosed in a circular uploaded to the CBN’s website on Tuesday.

Details later…

Continue Reading

Most Popular