Aliko Dangote, President of the Dangote Group, has announced that within the next two years, the company’s 650,000 barrels-per-day refinery is expected to export approximately 16,000 tonnes of fertilizer.

During a courtesy visit to the Managing Director of the Nigerian Ports Authority (NPA), Abubakar Dantsoho, in Lagos, Dangote revealed that this fertilizer export initiative could generate between $6.5 million and $7 million in daily revenue for the Nigerian government.

He emphasized that the Dangote Group is positioned to become Nigeria’s largest source of foreign exchange through its export activities.

“In two years, our fertilizer exports will hit around 16,000 tonnes daily, translating to about $6.5 to $7 million in revenue flowing into the country each day. This will make us a leading contributor to Nigeria’s foreign exchange earnings,” Dangote stated.

He further disclosed that the refinery is preparing to begin the export of coal and polypropylene in the coming weeks.

“Very soon, we’ll commence coal exports. Our refinery is projected to export no less than 25 million tonnes of various products. We also plan to export 600,000 to 700,000 metric tonnes of polypropylene. So, in terms of exports, we’re scaling up significantly,” he added.

Responding to Dangote’s remarks, NPA Managing Director Abubakar Dantsoho highlighted the impact of the Naira-for-crude oil initiative, which began in October 2024. Since its implementation, he said the agency has managed around 57 vessels monthly.

“With the initial projection of 600 vessels per year for the Dangote facility, we are already surpassing expectations by handling 56 to 57 vessels each month,” Dantsoho noted.

He called for greater collaboration among government agencies, suggesting that unified efforts would lead to broader improvements across various sectors of the economy.