Aliko Dangote, president of the Dangote Group, says Africa will be self-sufficient in fertiliser supply within 40 months.
Dangote spoke on Friday during the annual Afreximbank
meeting in Abuja.
“In the next 40 months, Africa will not import fertiliser
from anywhere,” he said.
“We have a very aggressive trajectory right now. We want to
put Dangote Fertiliser to be the largest producer of Urea — bigger and higher than
Qatar. Give me 40 months.”
On May 26, the billionaire said the Dangote Industries
Limited (DIL) is targeting a $7 million daily revenue from the sale of
fertiliser in the next two years.
‘AFRICA MUST CREATE
JOBS FOR ITS CITIZENS’
Speaking further, Dangote said the African continent must
create jobs for its citizens.
“The real reason why we have actually not flown as much as
Asia is because Asians have old entrepreneurs and old money and majority of
them believe in their own continent — Indonesia, Thailand, and other areas,” he
said.
“Most of them invest their money at home. Most people who
have made money legally and illegally, they invest it there.
“In Africa, some people make money legally and some make it
illegally and majority of them take the money out of the continent.
“If I am not investing at home, how do I convince somebody
to come and partner with me and make Africa great.”
Dangote said the continent needs strong financial
institutions, good manufacturing base, thriving agriculture, and artificial
intelligence (AI) for rapid growth.
He said once the country focuses on “our mineral resources,
Africa will be a totally different story”.
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