Aliko Dangote, President of Dangote Industries Limited, has announced that the company is poised to generate approximately $7 million in daily revenue for the Federal Government through the export of 16,000 tonnes of fertiliser within the next two years. This projection was shared during a courtesy visit to the Nigerian Ports Authority (NPA) headquarters in Marina, Lagos, on May 26, 2025, highlighting the company’s ambitious plans to bolster Nigeria’s foreign exchange earnings.
Dangote emphasized that the fertiliser exports, expected to yield between $6.5 million and $7 million daily, will position the company as a leading contributor to Nigeria’s forex inflows. Additionally, the company is set to commence coal exports in the coming weeks, further diversifying its export portfolio. The Dangote Refinery, a cornerstone of the group’s operations, is projected to export over 25 million tonnes of various products annually, including 600,000 to 700,000 metric tonnes of polypropylene, underscoring the scale of its contribution to Nigeria’s economy.
The industrialist stressed the importance of collaboration with the NPA to enhance the Marine and Blue Economy sector, noting that Dangote Industries, as the NPA’s largest customer, relies on robust port infrastructure to support its expansive operations. At the Lekki facility alone, the company handles approximately 240 crude oil ships annually, each carrying one million barrels, and expects to manage over 600 product shipments yearly. The fertiliser operations will involve loading around eight ships, an unprecedented scale for Nigeria’s export sector.
Dangote highlighted productive discussions with the NPA on deepening the maritime economy, with both parties committing to collaborative efforts for national benefit. “This kind of interaction is crucial for industry growth. We discussed ways to strengthen the Marine and Blue Economy sector, and we’ve agreed to work together for Nigeria’s progress,” he said. The partnership aims to streamline port operations and support the expansion of Nigeria’s export capabilities.
The fertiliser and coal exports are part of Dangote’s broader strategy to drive economic diversification and reduce Nigeria’s reliance on oil revenues. By leveraging its integrated operations, including the world’s largest single-train refinery, the company is positioning Nigeria as a key player in global markets for fertiliser, petrochemicals, and other commodities. The anticipated forex earnings are expected to alleviate pressure on Nigeria’s reserves, which have faced challenges from external debt servicing and volatile trade dynamics.
As Dangote Industries scales up its export activities, the collaboration with the NPA will be critical to ensuring efficient logistics and port operations, paving the way for sustained economic growth and enhanced global competitiveness for Nigeria.
