Dangote reveals plan to export new product, predict huge earnings from fertiliser sales

• Chairman of the Dangote Group, Aliko Dangote, has disclosed that Dangote Industries Limited volition commence ember export
• He stated that his institution is besides projecting to gain astir $7 cardinal regular from fertiliser sales, stating that his steadfast volition gain monolithic forex for Nigeria
• The billionaire stated that astir 8 cargoes and the refinery operations volition export much than 25 cardinal tons of antithetic products.

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The President of Dangote Industries Limited (DIL) has revealed that the conglomerate volition commence ember export retired of Nigeria.

Dangote revealed this connected Monday, May 26, 2025, during a courtesy telephone astatine the Nigerian Ports Authority (NPA) office successful Lagos.

Dangote reveals plans for his conglomerate to commence ember exports. Credit: Bloomberg/Contributor
Source: Getty Images

Dangote targets monolithic FX net from fertiliser

The Nigerian billionaire said that the institution is besides targeting a $7 cardinal regular gross from fertiliser income successful 2 years.

According to Dangote, the steadfast volition massively grow its export business, stating that his cement mill successful Itori is exporting the merchandise retired of Nigeria.

He said the conglomerate has a six-million-ton cement export.

Dangote to export 25 cardinal tons of products

Dangote disclosed that successful a fewer weeks, the institution volition commence ember export, portion its fertiliser exports volition person astir 8 cargoes, and the refinery operations volition export much than 25 cardinal tons of antithetic products.

The Kano-born billionaire revealed that the institution has besides gone into polypropylene production and export, saying that the steadfast volition beryllium large connected exports.

The industrialist said his institution plans to export 16,000 tons of fertiliser successful the adjacent 2 years.

He estimated that the 16,000 tons amounts to betwixt $6.5 cardinal and $7 cardinal daily, earning the state monolithic overseas exchange.

Dangote expressed appreciation to the NPA, saying that the authorization is the company’s biggest and largest customer.

Dangote unveils the size of his Lekki operations

According to him, the size of his conglomerate’s operations successful Lekki successful Lagos volition beryllium astir 240 ships of crude, with each vessel carrying 1 cardinal crude, with the products amounting to 600 ships annually.

He said that the company’s fertiliser operations volition impact astir 8 ships loading per day.

Africa’s wealthiest antheral disclosed that the state has ne'er witnessed specified operations, saying that it poses a important challenge. 

Dangote reveals the monolithic standard of exports going connected successful his company. Credit: Bloomberg/Contributor
Source: Getty Images

He expressed assurance that the company’s operations volition not descend with the NPA’s help.

NPA lauds Dangote’s achievement

The NPA’s Managing Director and main enforcement serviceman (CEO), Abubakar Dantsho, said Dangote was astatine the NPA to admit the dividends of the naira-for-crude merchantability policy.

Dantsho said that the inaugural has contributed to achieving ratio successful transactions and operations betwixt authorities agencies.

Per Dantsho, the system volition beryllium businesslike if different sectors collaborate and align their efforts.

Dangote begins manufacturing of polypropylene

Legit.ng earlier reported that Aliko Dangote has declared that from October, Nigeria volition nary longer import polypropylene, a versatile merchandise utilized successful textile and integrative manufacturing.

The improvement comes arsenic the 650,000 bpd-capacity refinery nears full operational capacity.

The lipid refinery is poised to participate Nigeria's polypropylene market, estimated astatine $267.7 million.

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Source: Legit.ng