The Nigerian Ports Authority (NPA) and Dangote Industries Limited (DIL) have reinforced their collaboration to enhance Nigeria’s export capacity. Their strategic efforts aim to generate daily revenues of up to $7 million.
During a visit to the NPA headquarters in Lagos on Sunday, Dangote Industries President, Aliko Dangote, stressed the importance of maintaining a close relationship between the two entities. He noted DIL’s role as the NPA’s largest client.
“As the biggest customer of the NPA, it’s important that interaction between the NPA and DIL is sustained,” Dangote said.
He outlined the massive scale of operations at Lekki Port. Nearly 240 crude oil shipments—each holding one million barrels—are expected annually.
The company will also operate around 600 vessels every year, including eight designated for fertiliser exports.
Dangote Targets Expansion of Export Operations
Dangote disclosed plans to broaden DIL’s export reach beyond Nigeria. He projected that within two years, the company would export approximately 16,000 tonnes of fertiliser daily. This would generate between $6.5 million and $7 million in revenue entering Nigeria each day.
Responding to Dangote’s remarks, NPA Managing Director, Dr. Abubakar Dantsoho, acknowledged the impact of government initiatives, particularly the One Stop Shop policy and the “Naira for Crude” scheme.
He stated that since the policy’s introduction on October 1, 2024, over 57 vessels have been processed monthly. He confirmed that Dangote’s projected annual vessel operations stand at about 600 ships.
Rate, Like 👍, Comment, share this article and Follow us on our social media handles.
WhatsApp Channel
Telegram Channel
