Nigeria Exports $231.9 mn Fertilizer To Brazil, Others

Despite the scarcity of fertilisers in the country, eight vessels have departed Nigeria with 243,217 tonnes of bulk urea valued at $231.9 million to Brazil, Mexico, Argentina and other destinations. Dangote, Notore and Indorama firms are the leading producers of the commodity in the country. It was gathered that the country is now self-sufficient in the production of urea and the leading producer of the fertiliser brand in Africa as it produces six million metric tonnes of urea with over 70 blending plants.
 
Data by the National Bureau of Statistics (NBS) revealed that the country’s export of urea increased from $38.6 million in first quarter, 2021 to $480 million or 92 percent urea in the first quarter of 2022. It noted that the country also exported $145.4 million worth of urea to Brazil in 2021. Currently, Nigeria has been ranked by the United Nations Food and Agriculture Organisation (FAO) as the 12th largest urea fertiliser producer globally at a production capacity of 1.62 million tonnes and the 16th largest exporter with a volume of 722,479 tonnes...
 
More details at:
https://www.newtelegraphng.com/nigeria-exports-n100-7bn-fertilizer-to-brazil-others