President Muhammadu Buhari has said Nigeria stands to gain greatly in foreign exchange (FX) earnings from the Dangote Fertiliser Plant.
Buhari stated this while commissioning the three million metric tonnes plant at Ibeju-Lekki, Lagos on Tuesday.
According to the president: “Along with the several other subsidiaries, Dangote Industries Limited has created millions of jobs across Nigeria,”
It is the second biggest employer of labour in this country after the federal government.
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“This is very pleasing because job creation by private sector operators is vital as it takes thousands of youths off the street.
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“The nation also stands to gain excessively in earnings of foreign exchange with excess production and export from the plant.”
He added: The group’s investment in cement production has ended Nigeria’s dependence on importation of cement. I believe the feat will be repeated in the fertiliser segment,”
