Alhaji Aliko Dangote, President of the Dangote Group has said that Nigeria will be the biggest exporter of Urea in Africa by 2017.
Dangote who stated this at an interactive session between members of the organised private sector and the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on recent developments in the global oil prices and its effect on Nigeria’s foreign exchange market said “Nigeria will be the biggest exporter of urea in Africa by 2017. Most of these plans are in the pipeline.”
He added “It is just an opportunity for us to sit down and talk to ourselves about how to diversify the economy and encourage more exports, because that is the way we should be going instead of going to the Central Bank of Nigeria everyday to buy forex.
“By 2020, the population of this country is going to be 210 million and are we going to continue to be importing then? Can we afford to be importing then for such a huge population?
“A lot of people want to wake up and see the external reserves would just be increasing, but is not going to be easy because revenue has gone down by 55 per cent.”
He admonished members of the private sector to support the system, he said “We should support the economy by improving its productive capacity. Based on our plans, we would be the highest seller of foreign exchange by the first 2018. Our plan now is to start exporting most of our other products.”