Quick overview

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Aliko Dangote, Africa’s richest man, announced that he will begin exporting coal from Nigeria soon, another source of income for Dangote Industries Limited’s (DIL) growing revenue base.

Dangote also revealed the company aims to generate between $6.05 million and $7 million daily from fertilizer exports over the next two years. As some of you who visited our cement factory in Itori may know, we already export cement from Nigeria.

“We have a six million-ton cement export factory,” he stated. “We will begin exporting coal from Nigeria in the coming weeks. We will export nearly eight cargoes of fertilizer.

The refinery operations will export less than 25 million tons of various products. Dangote claims that once the export program begins, the company will become a significant source of foreign exchange.

Dangote continues to expand its influence in the Nigerian market. The billionaire Aliko Dangote’s conglomerate is focusing on agriculture after significant investments in cement, sugar, and oil. Soon, a new rice mill will be built on a 30-hectare plot of land in Wushishi, Niger State.

The Wushishi project represents an additional step toward increased environmental sustainability. Moreover, it can enhance rural economies, create local jobs, and provide opportunities for regional paddy producers. Thus, concerning food security and agricultural transformation, the Dangote Group intends to support the goals of the Nigerian government.

Dangote aims to control the entire ecosystem by specializing in agriculture, from the field to the processing facility. This whole-chain strategy strengthens the nation’s economy.