The Chairman of Dangote Group, Alhaji Aliko Dangote, has said that the group will become the world’s largest producer of fertilizer by 2028.
Speaking at the Imo Economic Summit, organised by the Imo Government, in Owerri, on Thursday, Dangote, who is the richest man in Africa, said that the time had come for Africans to step on to greatness and occupy their place in world business.
According to him, the Dangote Group will increase its urea production capacity from the current 3 million tonmes to 12 million tonnes by 2028, to enable it top fertilizer production in the world.
He urged Nigerians and Africans to invest at home, adding that “only a local investor can convince a foreign investor to invest in his home”.
“I recently announced that we will double investment at home, with a target of 1.4 million barrels per day, because there is no place like home.
“Africans must invest at home because that is the best way to convince a foreign investor to invest in Africa,” he said.
In her speech, the former President of Mauritius, Ameenah Gurib-Fakim, said that with a high youth population and 30 per cent of the world’s mineral reserves domiciled in Africa, the continent could lay the foundation of hope for the future.
“It is time for Africa to take her destiny in her hands,” she said.
The summit, which was declared open by President Bola Tinubu, had in attendance the former Secretary-General of the United Nations, Mr Ban Ki-moon, the former President of Afreximbank, Prof. Benedict Oramah among other local and international dignitaries.
GIK/APA