AsheNews

Top Menu

  • Advert Rates

Main Menu

  • Home
  • General News
  • AGRICULTURE
  • Business/Banking & Finance
  • Entertainments & Sports
  • HEALTH
  • International
  • Investigation
  • Law & Human Rights
  • Advert Rates

logo

Header Banner

AsheNews

  • Home
  • General News
  • AGRICULTURE
  • Business/Banking & Finance
  • Entertainments & Sports
  • HEALTH
  • International
  • Investigation
  • Law & Human Rights
  • WAFU B Under-17: Nigeria beat Burkina Faso to win championship

  • 2023 Yobe North: Machina confirmed winner of APC ticket – INEC report

  • Marginalisation: Court adjourns indigenes’ case against Lagos govt, FCC, others to Oct 19

  • APC 2023: How I was nominated as Tinubu’s running mate – Masari

  • Costa Rica 2022: Danjuma invites 30 Falconets to camp [FULL LIST]

FOOD & AGRICULTURE
Home›FOOD & AGRICULTURE›AfDB doles out $100m for fertilizer production in Nigeria

AfDB doles out $100m for fertilizer production in Nigeria

By Abdallah el-Kurebe
May 2, 2018
250
0

The Industrial Development Manager of the African Development Bank (AfDB), Mr Alhassane Haidara on Wednesday said the bank would support fertilizer production in Nigeria with 100 million dollars.

He disclosed this at a media briefing on the key industrial initiatives and projects of the bank in Abidjan.

“We are going to finance a huge fertilizer plant for the production of Uriah, Ammonia, among others and we are partnering with many companies to get it done. The plant will be one of the largest fertilizer plants not only in Africa but in the world,’’ Haidara said.

Explaining that the production would be leveraging on the huge gas reserve in Nigeria to power the plant and transform the raw materials, he added that the aim was to ensure that the agricultural sector in Nigeria as well as Africa was massively developed.

Noting that there were lots of interest in Nigeria to develop the agriculture and other sectors of the economy, Haidara said the bank would embark on projects in the petrol chemical sector this year, which also linked with the fertilizer production.

According to him, AfDB had in 2014 supported the Dangote Group with $100 million for the expansion of the group’s activities on cement and petrol chemical across Africa, enabling it to access the bank loan based on its clean balance sheet.

“We supported the Dangote Group with 100 million dollars as well to boost its activities in cement production across Africa,’’ Haidara said.

He said that industrializing Africa was among the high five priorities of the bank, adding that the AfDB’s commitment had increased from $40 million in 2000 to $2,000 million as at 2017.

He said that Africa’s industrialization still lagged behind compared to other continents in the world

TagsAfDBAfricaDangote GroupFertiliserIndustrialisation
Previous Article

Abuse of energy drinks dangerous to liver

Next Article

Trump administration considers restrictions on Chinese researchers

Abdallah el-Kurebe

Related articles More from author

  • AFRICAGENERAL NEWSINTERNATIONAL

    AFRICA’S COVID-19: EU begins €100m humanitarian support for vaccination initiative

    April 21, 2021
    By Abdallah el-Kurebe
  • AFRICAECONOMYGENERAL NEWS

    Nigeria fastest growing economy in Africa – UK trade envoy

    November 21, 2020
    By Editor
  • AFRICAGENERAL NEWSHEALTH & HEALTHY LIVINGWOMEN & CHILDREN

    COVID-19: Why women are less likely to die than men in Africa – WHO

    March 4, 2021
    By Abdallah el-Kurebe
  • AFRICAEDUCATIONGENERAL NEWS

    How Covid-19 sees growth of eLearning in Africa, just in time for atingi.org

    October 28, 2020
    By Abdallah el-Kurebe
  • BUSINESS/BANKING & FINANCEGENERAL NEWS

    AfDB approves policy for victims of bank-financed operations

    September 24, 2021
    By Abdallah el-Kurebe
  • FOOD & AGRICULTUREGENERAL NEWSINTERNATIONAL

    GoGettaz Agripreneur Prize for 2020: Generation Africa announces 2 grand winners of $100,000

    September 15, 2020
    By Abdallah el-Kurebe

Leave a reply Cancel reply

You may interested

  • GENERAL NEWSHEALTH & HEALTHY LIVING

    COVID-19: One million doses of vaccine expired in Nigeria

  • ENTERTAINMENT & SPORTSGENERAL NEWS

    Ronaldo double earns point for Juventus at Roma

  • GENERAL NEWSLEGISLATURE

    Contempt of parliament: Heads of MDAs risk 2-year jail term

Latest News

  • June 25, 2022

    WAFU B Under-17: Nigeria beat Burkina Faso to win championship

  • June 24, 2022

    2023 Yobe North: Machina confirmed winner of APC ticket – INEC report

  • June 24, 2022

    Marginalisation: Court adjourns indigenes’ case against Lagos govt, FCC, others to Oct 19

  • June 24, 2022

    APC 2023: How I was nominated as Tinubu’s running mate – Masari

  • June 24, 2022

    Costa Rica 2022: Danjuma invites 30 Falconets to camp [FULL LIST]

Latest Comments

  • Aliyu Buba Maigoro
    on
    April 3, 2022
    The unfortunate thing is, does your votes count?!

    NULGE TO NIGERIANS: Don’t re-elect governors opposing LG autonomy

  • mubashshir Muhammad sani
    on
    March 22, 2022
    Good news

    FAAC: Federal, states, local governments share N590.546bn as February allocation 

  • AA Sadeeq
    on
    March 16, 2022
    And the US and all its political leaders?

    Biden changes stance, calls Putin ‘a war criminal’

  • Umar Ahmad
    on
    March 12, 2022
    What the USA refused to happen to her in 1960s, she is now trying to force ...

    Russia-Ukraine War: Why Nigerian govt must ban maize exports – Dangote

  • mohammad abubakar kudu
    on
    March 11, 2022
    Very good and updated reports..

    How governors spend security votes, NGF chairman, Fayemi reveals

About us:

ASHE (Pronounced ASH) is an acronym for Agriculture, Science, Health and Environment. Ashenewsonline brings to you news focused in these as well as Politics, Business, Economy and all other aspects of human endeavour.

We are here to feed into Nigeria’s news service chain as a frontier source for citizens journalism. Beyond mentioning, Ashenewsonline encourages people to provide story tips on human rights abuses, corruption, good governance, etc.

Contact Info:

  • No. 5, Maiduguri road 1st floor, Dogon Daji House, Sokoto
  • 07031140009
  • ashenewsonline@gmail.com
  • Recent

  • Popular

  • Comments

  • WAFU B Under-17: Nigeria beat Burkina Faso to win championship

    By NewsDesk
    June 25, 2022
  • 2023 Yobe North: Machina confirmed winner of APC ticket – INEC report

    By NewsDesk
    June 24, 2022
  • Marginalisation: Court adjourns indigenes’ case against Lagos govt, FCC, others to Oct 19

    By NewsDesk
    June 24, 2022
  • APC 2023: How I was nominated as Tinubu’s running mate – Masari

    By NewsDesk
    June 24, 2022
  • Nigeria says 3,598 cholera deaths in 2021 unacceptable

    By Editor
    January 11, 2022
  • Nigeria’s apex bank governor tasks rice millers on FOREX, employment

    By NewsDesk
    February 2, 2022
  • COLUMN: The Craze for Easy Money in Nigeria and The Hanifa Story, By Prof. M ...

    By NewsDesk
    February 6, 2022
  • How governors spend security votes, NGF chairman, Fayemi reveals

    By NewsDesk
    March 11, 2022
  • Aliyu Buba Maigoro
    on
    April 3, 2022

    NULGE TO NIGERIANS: Don’t re-elect governors opposing LG autonomy

    The unfortunate thing is, ...
  • mubashshir Muhammad sani
    on
    March 22, 2022

    FAAC: Federal, states, local governments share N590.546bn as February allocation 

    Good news
  • AA Sadeeq
    on
    March 16, 2022

    Biden changes stance, calls Putin ‘a war criminal’

    And the US and ...
  • Umar Ahmad
    on
    March 12, 2022

    Russia-Ukraine War: Why Nigerian govt must ban maize exports – Dangote

    What the USA refused ...

Photostream

    Follow us

    © Copyright ASHENEWS. All rights reserved. Digital materials on this website may not be published, reproduced, rebroadcast, rewritten or redistributed in whole or in part without prior express written permission from PenPlus Media Consults Ltd, Publishers of AshenewsDaily.com | Powered by Growsyn Cloud Platform