African Billionaire and Nigerian Industrialist, Aliko Dangote, has announced that he’ll invest $2 billion (N300 billion) to build a fertiliser plant in Edo State. He made this known, this week, as the Edo Governor, Adams Oshiomhole, was sworn in for a second term. He said that work will commence in a few weeks and that it will be the biggest fertiliser plant in Africa.
He said, “Yes we will build the biggest fertiliser plant in Africa here in Edo State. Oshiomhole has delivered on road, infrastructure, but he’s going to deliver on job creation. We will partner him to make sure he gives us a conducive environment to create jobs here in Edo State. He has already mentioned that we will set up a fertiliser plant here in Edo State. I am sure he wants me to reaffirm that, yes, we will build the biggest fertiliser plant in Africa here in Edo State. It is a commitment and I am reassuring you, your excellency, by this year, in December or January, next year, we will perform the groundbreaking ceremony in Edo State. It will be at a cost of $2 billion.”
He continued, “I am reassuring you, in the presence of everybody, that in the next three years, Edo State will be exporting fertiliser from here to other parts of Africa.”