Zambia Seeks Dangote’s Assistance in Developing Fertilizer Industry
Zambia Seeks Dangote’s Assistance in Developing Fertilizer Industry
Zambia Seeks Dangote’s Assistance in Developing Fertilizer Industry
The Zambian Minister of Commerce and Industry, Mr. Chipoka Mulenga, has sought the assistance of the President, Dangote Group, Aliko Dangote in the development of his country’s agricultural sector.
Chipoka Mulenga, who led a delegation from Zambia on tour of the 3.00 million metric tonnes Dangote Fertilizer plant at the weekend, called for collaboration between Dangote Group and the Zambian government in the establishment of fertilizer plant in the southern African country.
Mulenga expressed belief that any investment in fertilizer production will not only help the country to be self-sufficient in food production, it will also help grow the Zambian economy as well as that of the neigbouring countries.
According him, the Zambian government has created an enabling environment for local and foreign investment through great incentives to attract investment in all sectors of the economy.
He described Zambia as Africa’s new investment destination because of its stable political system, stable macroeconomic environment and investment protection guarantees.
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He said that Zambia is strong in agriculture and even seeking to become stronger through having its own Fertilizer plant.
Mulenga commended the President/CE of Dangote Group, Mr. Aliko Dangote for investing massively in fertilizer production in Nigeria.
He therefore enjoined Nigerians to guard Dangote investments and other local investments in Nigeria.
Speaking at the end of the tour, Chief Executive Officer of Dangote Fertilizer Limited, Mr. Vishwajit Sinha said demand for Urea fertilizer in the Nigerian market and beyond remains robust and is expected to continue to grow.
He said the $2.5 billion fertilizer complex would make Nigeria self-sufficient in fertilizer production with excess capacity exported to other African countries and the rest of the world.
Sinha stated that Dangote Fertilizer is positioned to take advantage of the Federal Government’s policy, which focuses on agriculture as one of the keys to unlock the diversification of the Nigerian economy.
Sinha described Dangote Fertilizer plant as a company which will not only increase food-sufficiency in Nigeria, but also drastically reduce the level of unemployment and youth restiveness in the country through the generation of direct and indirect employment.
Zambia Seeks Dangote’s Assistance in Developing Fertilizer Industry
