HAPPENING NOW!!! Emefiele Reacts To Dangote Fertilizer Plant Commissioning Amid #Russia Vs #Ukraine War—The Genius Media Nigeria reports that The Bank of Nigeria Governor, Godwin Emefiele, has said that the commissioning of the Dangote Fertilizer Plant is timely, as the prices of crude oil and fertilisers have been on the increase since the Russia-Ukraine crisis.
The CBN boss disclosed this at the commissioning of the plant by President Muhammadu Buhari on Tuesday. The fertilizer plant located at Ibeju Lekki was built at a cost of $2.5 billion and is capable of producing 3 metric tonnes of urea annually.
According to him, the completion of the project is President Buhari’s vision.
He said,
“I am delighted that Dangote has helped Nigeria to solve a perennial fertiliser problem, as the development would aid self-sufficiency in local consumption of the product. President Buhari had told us at CBN that he wanted to see urgent support for our farmers and we set out to achieve this. The completion of the plant is the realisation of the President’s vision. The commissioning is timely, as prices of crude oil and fertilisers have been on the increase due to the on-going war between Ukraine and Russia.”
Developing story…
BREAKING: Kellyrae Wins BBNaija Season 9 No Loose Guard N100m Grand Prize [VIDEO]---Kellyrae, Big Brother…
Chelsea Vs Nottingham Forest live stream match has emerged The Genius Media Nigeria reports…
PHOTO: Yahoo Boy And His Girlfriend Burnt To Death After Refusing To Share Proceeds He…
CrossDresser Bobrisky Was Given Appropriate Cell – Nigerian Correctional Service---The Nigerian Correctional Service (NCoS) on…
BREAKING: Tinubu Finalises List Of New And Sacked Ministers----In a significant development, President Bola Tinubu…
FRESH: After Wife’s Death, Akwa Ibom Governor Umo Eno Appoints Daughter As First Lady---Governor Umo…