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Dangote Makes Nigeria 3rd Highest Country in Terms of Urea Capacity Additions

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Dangote ‘no longer’ richest investor on NGX, as Abdul Samad Rabiu leads in the latest ranking

Dangote Makes Nigeria Third-Highest Country in Terms of Urea Capacity Additions

 
Sahara weekly Check revealed that With the coming on stream of Dangote Fertiliser Limited, global urea capacity is poised to see considerable growth over the upcoming years, potentially increasing from 222.96 million tonnes per annum (mtpa) in 2020 to 305.92 mtpa in 2030, registering a total growth of 37%, according to a GlobalData report.

The 3.0 million metric tonnes of its Fertiliser plant and around 88 planned and announced plants are scheduled to come online, predominantly in Asia and Africa, over the next five years.

 

 

 

 

 

 

GlobalData, which made this announcement in its Global Urea Capacity Additions by 2030, released recently, hinted that the completion of Dangote Fertiliser has made Nigeria the third-highest country in terms of capacity additions, with a capacity of 11.58 million tpy by 2030. “Major capacity additions will be from two planned plants Dangote Group Lekki Urea Plant 1 and Dangote Group Lekki Urea Plant 2 with a capacity of 1.50 million tpy each by 2030,” it added.

 

 

 

 

 

 

 

Dangote Fertiliser plant has however placed Nigeria in the third position among other countries, like Iran and India that will lead in global urea capacity growth by 2030.

 

 

 

 

 

 

 

The report classified Dangote Industries Limited, Nagarjuna Fertilisers and Chemicals Limited, and Fertiliser Corporation of India Limited as the top three companies globally in terms of planned capacity addition to global urea production by 2030.

 

 

 

 

 

 

 

Dangote Industries Limited has completed the largest fertilizer plant in West Africa. The Dangote Fertiliser Project is the largest Granulated Urea Fertiliser complex in the entire fertilizer industry history in the world, with an investment of $2.5 Billion capacity of 3 Million Tonnes Per Annum TPA. The Fertiliser complex consists of Ammonia and Urea plants.

 

 

 

 

 

 

 

 

 

The Dangote Fertiliser plant, which has created thousands of direct and indirect jobs in construction and related fields, will provide a major boost to the agricultural sector by significantly reducing the importation of fertilizer in Nigeria and ultimately removing the need for imports when the plant is in full production.

 

 

 

 

 

 

 

Speaking during the truck out of urea fertilizer recently, Group Executive Director, (Strategy, Capital Projects & Portfolio Development) Dangote Industries Limited, Devakumar  Edwin, revealed to the press over the weekend that the Plant, which has the capacity to turn out more than 4,500 tonnes of urea per day will conveniently meet the local demand and even produce for exports.

 

 

 

 

 

 

 

 

According to him: “We have the capacity to turn out 4,500 tonnes of Urea every day…this is a bulk application fertilizer…each crop in Nigeria or globally will require Nitrogen and this is a rich fertilizer, having 46 percent nitrogen. The company has the capacity to meet local demand and also export to African countries… Currently, the demand is less than 1 million tonnes and we alone can  produce 3 million tonnes, so we can easily meet local demand and also produce for export to other West African countries.”

 

 

 

 

 

 

 

 

Speaking on this feat, professor in the African- American Studies department at Hunter College  United States,

Ehiedu E. Iweriebor stated: Dangote Fertiliser plant, which is a component of the refinery and petrochemical complex, has become a national, continental, and global game-changer.

 

 

 

 

 

 

“For Nigeria, it provides it with the first hard manufactured product on a large scale to the World, for the African, North and  South American market.

“At least for the first time in our lifetime, we will be exporting petroleum products.  We’ll also see Nigeria for the first time exporting fertilizer rather than using a hard-earned foreign exchange to import fertilizer.”

 

 

 

 

 

He described the Fertiliser plant as a pan-African global setting event. “The continent through the actions of the visionary and audacious son of African, Aliko Dangote industrial  Nigeria-Africa is finally emergent”, he added.

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Kano Court Ruling: It Is Sanusi’s Destiny Not To Be Emir Again – Professor Mefor

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Kano Court Ruling: It Is Sanusi's Destiny Not To Be Emir Again - Professor Mefor

Kano Court Ruling: It Is Sanusi’s Destiny Not To Be Emir Again – Professor Mefor

 

 

Professor Law Mefor, a renowned political analyst, says Justice Abdullahi Liman’s landmark ruling annulling the reinstatement of Sanusi Lamido as Emir of Kano suggests his fate is not tied to the throne.

Mefor, in an interview on Arise TV, said Governor Abba Yusuf’s assent to the amended Kano Emirate law and Sanusi’s reinstatement defied a court order, demonstrating disregard for the rule of law.

 

Kano Court Ruling: It Is Sanusi's Destiny Not To Be Emir Again - Professor Mefor

According to him, Sanusi’s initial dethroning was a consequence of his actions, which contravened traditional and legal norms.

He, therefore, said the court’s overturning of all actions taken after the amended law was passed, including Sanusi’s appointment, has sealed his fate.

“The judge ruled for a return to status quo, and the interpretation is clear; go back to where the matter was before it came before me,” Professor Mefor said.

“The status of the Kano Emirate before the matter was brought before the court was Emir Ado Bayero in charge.”

He added: “Some of us were not happy that Sanusi went to become the Emir of Kano, knowing fully well that he was an asset to the nation.

“He is an activist and intellect who offers more at the national level. He’s not supposed to handle a subdued role where he cannot express himself. His reinstatement is very controversial”.

The governor’s action, according to Professor Mefor, “was only trying to fulfil his campaign promises, but this should have been done by following the due process of the law. Why the rush? Follow the law.”

He emphasised that “to go ahead to reinstate him against a subsisting order is an invitation to anarchy, knowing the volatility of Kano. History has repeated itself.”

Professor Mefor stressed that “we must allow the rule of law to take its course. Sanusi’s destiny lies elsewhere, and Kano State can now move forward in peace.”

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UK richest family jailed

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UK richest family jailed

UK richest family jailed

 

 

 

Sadly, the richest family in Uk is in a mess. A Swiss court handed jail sentences to four members of Britain’s richest family on Friday for exploiting Indian staff at their Geneva mansion.

 

UK richest family jailed

The Hindujas — who were not present in court — were acquitted of human trafficking, but convicted on other charges in a stunning verdict for the family whose fortune is estimated at 37 billion pounds ($47 billion).

 

 

Prakash Hinduja and his wife Kamal Hinduja each got four years and six months, while their son Ajay and his wife Namrata received four-year terms, the presiding judge in Geneva ruled.

 

 

The cases stem from the family’s practice of bringing servants from their native India and included accusations of confiscating their passports once they were flown to Switzerland.

 

 

Prosecutors argued the Hindujas paid their staff a pittance and gave them little freedom to leave the house.

The family denied the allegations, claiming the prosecutors wanted to “do in the Hindujas”.

The Hindujas reached a confidential out-of-court settlement with the three employees who made the accusations against them.

 

 

Despite this, the prosecution decided to pursue the case due to the gravity of the charges.

Geneva prosecutor Yves Bertossa had requested a custodial sentence of five and a half years against Prakash and Kamal Hinduja.

Aged 78 and 75 respectively, both had been absent since the start of the trial for health reasons.

In his closing address, the prosecutor accused the family of abusing the “asymmetrical situation” between powerful employer and vulnerable employee to save money.

Household staff were paid a salary between 220 and 400 francs ($250-450) a month, far below what they could expect to earn in Switzerland.

 

 

“They’re profiting from the misery of the world,” Bertossa told the court.

– ‘Not mistreated slaves’ –

 

But the Hinduja family’s defence lawyers argued that the three plaintiffs received ample benefits, were not kept in isolation and were free to leave the villa.

“We are not dealing with mistreated slaves,” Nicolas Jeandin told the court.

Indeed, the employees “were grateful to the Hindujas for offering them a better life”, his fellow lawyer Robert Assael argued.

Representing Ajay Hinduja, lawyer Yael Hayat had slammed the “excessive” indictment, arguing the trial should be a question of “justice, not social justice”.

Namrata Hinduja’s lawyer Romain Jordan also pleaded for acquittal, claiming the prosecutors were aiming to make an example of the family.

He argued the prosecution had failed to mention payments made to staff on top of their cash salaries.

“No employee was cheated out of his or her salary,” Assael added.

 

Some staff even asked for raises, which they received.

With interests in oil and gas, banking and healthcare, the Hinduja Group is present in 38 countries and employs around 200,000 people.

AFP

 

 

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FIRS Boss Zaccheus Adedeji, Seyi Tinubu , Aare Dele Momodu, Reuben Abati,.Princes Ganiyat Alli and others Honoured at the 4th South West Advancement Award and Investment Summit 2024

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FIRS Boss Zaccheus Adedeji, Seyi Tinubu , Aare Dele Momodu, Reuben Abati,.Princes Ganiyat Alli and others Honoured at the 4th South West Advancement Award and Investment Summit 2024

 

 

 

The 4th Edition of South West Advancement Award and Investment Summit took place on Wednesday 12th June at the Prestigious Lagos Oriental Hotels Victoria Island coinciding with the Democracy day

Notable Personality such as Mr Seyi Tinubu Represented by the All Progressive Youth Leader Lagos State Dr Seriki Muritala Ishola, Dr Reuben Abati, Aare Dele Momodu Chairman Ovation Group ,were all honoured at the Event ,Ayaniwura Oodua Igbaye Princess Ganiyat Alli, Representative Of Zach Adedeji – Chairman Federal Inland Revenue service and His Excellency Senator Ademola Adeleke Executive Governor Osun state were specially honoured for their contribution to the growth of the region .

Other Awardees include Mr Femi Shoneye- Chief Corporate Communications Officer NNPC Limited, Amb Dr Mrs Tobiloba Awosoga- Chief Executive Officer OnileOnile Global services, Amb Dr Joel Adesokan-Chairman Into Group, Dr Bldr. Odegade Abdulhakeem-MD/CEO AkModels Group, Parallex Bank, Alhaji Olanrewaju Abdul-Hakeem Atilade
CEO Nottinghano Nigeria Limited, Princess Joylin Mateno Ohooro-CEO Mateno Authentic Designs, Mr Tolulope Joshua Oginni, Mr Fredrick Olunloyo Olonila, Prof Ojo Ademola and Others.

Keynote Speech was delivered by Mr Zaccheus Adedeji- Executive Chairman Federal Inland Revenue Service Represented by Mr. Jaiye Awokoya Special Adviser to Executive Chairman on South West Liason.

The Royal Father of the Day His Imperial Majesty The Ooni of Ife was represented by His Royal Majesty Oba Muraina Adebanjo Adedini -Asoya of Ile Isoya who. Commended the Organiser on behalf of the Ooni and promised to support them from time to time .

The Event features captivating performances and music interludes, The summit is designed to foster unity and development in the south west Region and the Award is designed to Appreciate Excellence , Accountability of an average yoruba Indigene doing well around the world.

The event also featured panelists Session with highly regarded personalities in business world Anchored by Ms Odunola Abayomi-CEO TOD Media, other Panelist Includes Amb Tosin Sanusi, Mr Abayomi Adewumi and Prince Joseph Eniola.

The Conveners Amb Desmond Femi Agboola and Amb Kingsley Tolu Agboola highlighted that the event was a huge success and pray for the best in the region.

 

FIRS Boss Zaccheus Adedeji, Seyi Tinubu , Aare Dele Momodu, Reuben Abati,.Princes Ganiyat Alli and others Honoured at the 4th South West Advancement Award and Investment Summit 2024

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