Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

NCDMB Donates 60-bed Hostel, Internet Infrastructure to Nigeria Maritime University

July 20, 2026

NDDC to Boost Women’s Empowerment Programmes

July 20, 2026

ICPC Questions Gbajabiamila over Probe of Alleged Fake Presidential Council

July 20, 2026
Facebook X (Twitter) Instagram
Trending
  • NCDMB Donates 60-bed Hostel, Internet Infrastructure to Nigeria Maritime University
  • NDDC to Boost Women’s Empowerment Programmes
  • ICPC Questions Gbajabiamila over Probe of Alleged Fake Presidential Council
  • NDDC Assures Compliance with Public Procurement Act
  • Reps Inaugurate Ad Hoc Committee To Probe PFIPC
  • Andy Burnham becomes UK’s Seventh Prime Minister in a decade
  • NLC to commence nationwide struggle for minimum wage review, says Ajaero
  • ECOWAS Member States Endorse Nigeria-Morocco African Atlantic Gas Pipeline
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Business»NPA,Dangote Set to Develop Maritime Industry, Targets $7m daily revenue through fertilizer export
Business

NPA,Dangote Set to Develop Maritime Industry, Targets $7m daily revenue through fertilizer export

VardiafricaBy VardiafricaMay 27, 2025Updated:May 27, 2025No Comments11 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Nigerian Ports Authority (NPA) and Dangote Industries Limited (DIL) have both agreed to forge an alliance aiming at developing the nation’s Marine and Blue Economy sector, with plans to ensure expansion of Nigeria’s export operations.

President of the Dangote Industries Limited (DIL), Aliko Dangote, while speaking on Monday, May 26, during a courtesy call to the NPA headquarters in Lagos, explained that as the biggest customer to the NPA, it is important that the interaction between NPA and DIL is sustained.

Dangote said, “We are here to thank the NPA for doing a great job, because as we speak today, we are the biggest or largest customer of NPA.

“I think this kind of interaction between us and them is very, very important for the growth of the industry. So, we discussed quite a lot of issues. We also discussed issues of how to deepen the Marine and Blue Economy of the nation. And we have agreed to actually work together for the benefit of Nigeria.

“The size of our own operation at Lekki alone is going to be almost 240 ships of crude, with each ship carrying one million crude each. And then we’ll have products which now will amount to over 600 ships in a year.

“Then we also have our fertilizer operation, which will be loading almost eight ships. This is an operation that has never, ever been seen in the country.

“So, it’s a major challenge. But with the leadership of the NPA, we are very, very comfortable that they’ll be able to deliver.

“Our operations will sink if NPA doesn’t give us the services we will be needing for our operations. So, the NPA will be needing a lot of support from the Federal Government because they won’t be able to do these things with their own physical hands. They need equipment. They need more Tug Boats.

“We will also be putting in some few words in necessary quarters to make sure that NPA gets all the necessary assistance from the Federal Government,” the richest man in Africa assured.

In the area of export, Aliko Dangote explained that efforts are on to expand export products outside Nigeria.

According to him, “We will soon be massively expanding our export operations. For some of you that have been to our Cement factory in Itori, we’re already exporting cement out of Nigeria. We have a whole factory of six million tons for cement export.

“In the next couple of weeks, we will start exporting coal out of Nigeria. Our fertilizer export will be almost like eight cargos. The refinery operations will not export less than 25 million tons of various products. We will also be exporting almost about 600,000 to 700,000 metric tons of polypropylene. So when you are talking about export, we are going to be very big.

“In the next two years, we will be exporting almost about 16,000 tons of fertilizer. When you talk about 16,000 tons of fertilizer, it’s actually about $6.5 million to $7 million revenue that will be coming into the country on a daily basis.

“With our export programme, our company will be the major supplier of foreign exchange earnings in Nigeria.

“So the operations of Nigerian ports will definitely double in the next one or two years.”

In his own remark, the NPA Managing Director/Ceo, Abubakar Dantsoho explained that Aliko Dangote has come to the Authority to show appreciation for the dividends of the Naira for Crude sale policy of the Federal Government.

In the words of the NPA MD, “Alhaji Aliko Dangote is here to show appreciation, especially regarding the establishment of the One Stop Shop policy on Naira for Crude deal, which is being coordinated by the Nigerian Port Authority.

“He’s here to appreciate that the initiative has contributed immensely to achieving a lot of efficiency in the area of the transactions and operations between Nigerian government agencies.

“This is something that started on the 1st of October last year 2024, and so far, we have treated or operated over 57 vessels every month. “The projected volume that Dangote was looking at per annum was 600 vessels. If you do 56, 57 vessels into 12 months, you will see that we are already doing bigger than what they projected. We will continue to do our best with support from government.

“If all agencies of government can collaborate and be on the same dashboard, then efficiencies in other sectors of the economy will also be witnessed.

“We’re happy that government has approved the National Single Window. We’re also happy that as of today, we are 95 percent ready for the Port Community System.”

On development of new ports, the Abubakar Dantsoho stated that, “There are two ways you can handle capacity improvement/expansion or deepen port capacity. You can do it on a brownfield, which is, you renovate or rehabilitate existing ports; or on a greenfield, which is build new ports.

“The last time government built a new port in Nigeria was 1977, which was Tin-Can Island Port. There is already an approval for the port modernization of both Tin-Can and Apapa ports. We are hopefully looking at maybe third quarter of this year to commence construction. That is on the brownfield.

“On the greenfield part, like I said earlier, we have deep seaport development projects that has already been approved by Federal Executive Council. We have Ibom Port, we have Bakasi, we have Olokola, we have Ondo port, we have Badagry in Lagos.

“These are new ports that the government is concerned about. Very soon we’ll begin to see that these ports will become reality,” the NPA MD stated

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

NRS sets July 31 deadline for large companies to comply with e-invoicing

July 20, 2026

Tony Elumelu to retire as UBA chairman, Nnorom to take over

July 6, 2026

FG Approves free CAC Registration for 250,000 MSMEs Nationwide

June 28, 2026

Leave A Reply Cancel Reply

Top Posts

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025351

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202551
Don't Miss
Education
Education By VardiafricaJuly 20, 20263 Mins Read2

NCDMB Donates 60-bed Hostel, Internet Infrastructure to Nigeria Maritime University

By VardiafricaJuly 20, 20262 Education Updated:July 20, 202603 Mins Read

The Nigerian Content Development and Monitoring Board (NCDMB) on Friday at Kurutie, temporary site of…

NDDC to Boost Women’s Empowerment Programmes

July 20, 2026

ICPC Questions Gbajabiamila over Probe of Alleged Fake Presidential Council

July 20, 2026

NDDC Assures Compliance with Public Procurement Act

July 20, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: [email protected]
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

NCDMB Donates 60-bed Hostel, Internet Infrastructure to Nigeria Maritime University

July 20, 2026

NDDC to Boost Women’s Empowerment Programmes

July 20, 2026

ICPC Questions Gbajabiamila over Probe of Alleged Fake Presidential Council

July 20, 2026
Most Popular

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025351

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Type above and press Enter to search. Press Esc to cancel.