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Africa and Nigeria’s richest man, Aliko Dangote, is taking one other main step within the growth of his industrial empire with plans to assemble a deep seaport close to his current fertilizer and oil refinery vegetation.
The initiative is geared toward boosting export capability and strengthening the Dangote Group’s logistics operations.
Talking in a latest interview in Lagos, Dangote confirmed that his group submitted formal paperwork in late June to kickstart development on what he described as “the largest, deepest port in Nigeria.”
The deliberate Atlantic seaport can be situated in Olokola, Ogun State, roughly 100 kilometres (62 miles) from the group’s large fertilizer and petrochemical amenities in Lagos, in accordance with Bloomberg.
At the moment, the Dangote Group exports fertilizer and urea via a personal jetty constructed close to its refinery web site. This jetty additionally serves because the touchdown level for heavy industrial gear.
The proposed port will provide an built-in logistics resolution for the group’s rising operations and should quickly compete with current infrastructure just like the Chinese language-funded Lekki Deep Sea Port, which started operations in 2023.
“It’s not that we need to do every thing by ourselves,” Dangote mentioned, “however I consider this sort of funding will encourage different entrepreneurs to get entangled too.”
Past fertilizer exports, the challenge additionally consists of plans for transport liquefied pure fuel (LNG) from Lagos. This could require constructing pipelines from the gas-rich Niger Delta, in accordance with Devakumar Edwin, vp of the Dangote Group.
“We need to do a serious challenge to herald extra fuel than what NLNG is doing right this moment,” Dangote mentioned, referencing Nigeria LNG Ltd., the nation’s prime LNG exporter, which operates as a three way partnership between the Nigerian authorities, Shell Plc, Eni SpA, and TotalEnergies SE. “We all know the place there may be plenty of fuel, so we’ll run a pipeline all the way in which and produce it to the shore.”
Dangote already makes use of pure fuel from the Niger Delta to energy his fertilizer plant, the place fuel is transformed into hydrogen to supply ammonia, a key element in fertilizer manufacturing.
His imaginative and prescient is rooted in daring ambition and long-term planning. The billionaire just lately remarked that Africa may very well be remodeled right into a “heaven” in simply 5 years.
Earlier this yr, he additionally introduced that the Dangote Group is on monitor to generate $30 billion in income by subsequent yr, regardless of international issues over commerce tariffs beneath US President Donald Trump’s administration.
Moreover, Dangote has set his sights on surpassing Qatar to make Nigeria the world’s largest urea exporter inside 4 years.
(Enterprise Insider)
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