Dangote to Export Coal, Targets $7 Million Daily Earnings from Fertiliser Sales
- Chairman of the Dangote Group, Aliko Dangote, has disclosed that Dangote Industries Limited will commence the export of coal
- He stated that his company is also projecting to earn about $7 million daily from fertiliser sales, stating that his firm will earn massive forex for Nigeria
- The billionaire added that about eight cargoes and the refinery operations would export more than 25 million tons of different products.
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Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
The president of Dangote Industries Limited (DIL), Aliko Dangote, has disclosed that the conglomerate will commence coal export out of Nigeria.
Dangote disclosed this on Monday, May 26, 2025, during a courtesy call at the Nigerian Ports Authority (NPA) headquarters in Lagos.
Source: Getty Images
Dangote targets massive FX earnings from fertiliser
The Nigerian billionaire said that the company is also targeting a $7 million daily revenue from fertiliser sales in two years.
According to Dangote, the firm will massively expand its export business, stating that his cement factory in Itori is exporting the product out of Nigeria.
He said the conglomerate has a six-million-ton cement export.
Dangote to export 25 million tons of products
Dangote disclosed that in a few weeks, the company will commence coal export, while its fertiliser exports will have about eight cargoes, and the refinery operations will export more than 25 million tons of different products.
The Kano-born billionaire revealed that the company has also gone into polypropylene production and export, saying that the firm will be big on exports.
The industrialist said his company plans to export 16,000 tons of fertiliser in the next two years.
He estimated that the 16,000 tons amounts to between $6.5 million and $7 million daily, earning the country massive foreign exchange.
Dangote expressed appreciation to the NPA, saying that the authority is the company’s biggest and largest customer.
Dangote unveils size of his Lekki operations
According to him, the size of his conglomerate’s operations in Lekki in Lagos will be about 240 ships of crude, with each ship carrying one million crude, with the products amounting to 600 ships annually.
He said that the company’s fertiliser operations will involve almost eight ships loading per day.
Africa’s wealthiest man disclosed that the country has never witnessed such operations, saying that it poses a significant challenge.
Source: Getty Images
He expressed confidence that the company’s operations will not sink with the NPA’s help.
NPA lauds Dangote’s achievement
The NPA’s Managing Director and chief executive officer (CEO), Abubakar Dantsho, said Dangote was at the NPA to appreciate the dividends of the naira-for-crude sale policy.
Dantsho said that the initiative has contributed to achieving efficiency in transactions and operations between government agencies.
Per Dantsho, the economy will be efficient if other sectors collaborate and align their efforts.
Dangote begins manufacturing of polypropylene
Legit.ng earlier reported that Aliko Dangote declared that, from October, Nigeria would no longer import polypropylene, a versatile product used in textile and plastic manufacturing.
The development comes as the 650,000 bpd-capacity refinery nears total operational capacity.
The oil refinery is poised to enter Nigeria's polypropylene market, estimated at $267.7 million.
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Source: Legit.ng
