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Zambia Seeks Dangote’s Assistance in Developing Fertiliser Industry

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Dangote Tackle forex shortage with sugar

By Edozie Obasi-Eze

The Zambian Minister of Commerce and Industry, Chipoka Mulenga, has sought the assistance of the President, Dangote Group, Aliko Dangote in the development of his country’s agricultural sector.

He made the request while leading led a delegation from Zambia on tour of the 3.00 million metric tonnes Dangote Fertiliser plant at the weekend, where he also expressed a desire for a collaboration between Dangote Group and the Zambian government in the establishment of fertiliser plant in the southern African country.

Mulenga expressed belief that any investment in fertiliser production will not only help the country to be self-sufficient in food production, it will also help grow the Zambian economy as well as that of the neigbouring countries.

According him, the Zambian government has created an enabling environment for local and foreign investment through great incentives to attract investment in all sectors of the economy.

“The Zambian government in the last budget made some pronouncements which focus on value addition, industrialisation, skill enhancement and development. We have a huge youthful population who are ready to work if given the opportunity to be productive,” he said.

He described Zambia as Africa’s new investment destination because of its stable political system, stable macroeconomic environment and investment protection guarantees.

He said that Zambia is strong in agriculture and even seeking to become stronger through having its own Fertiliser plant. “Rather than continue to import Fertiliser from anywhere, we want Aliko Dangote to come and establish plant in Zambia. The country’s fertiliser consumption has increased tremendously in the last few years and has continued to increase. I am happy that we no longer have to go outside of Africa to seek investors. Dangote has been able to change the narratives through his investment in cement production across Africa. We now have Africans investing in the Africa continent. Dangote has already established the biggest cement plant in Zambia. Dangote Cement Zambia has a remarkable portfolio and is bringing positive change to the cement industry, not only in Zambia, but also to other neigbouring countries,” he added.

READ ALSO: Q2 Results: Dangote Cement Grows Revenue by 17% to N808bn

Mulenga commended the President/CE of Dangote Group, Aliko Dangote for investing massively in fertiliser production in Nigeria. “This could only happen because the company put the right people, right leadership, right technical skills and the right management in place to have such a remarkable result. This Fertiliser Plant is not only serving the needs of Nigeria, but also attracting foreign exchange into the continent. This is a good demonstration that we can have this kind of investment in any part of Africa, which can grow and be beneficial to other countries.”

He therefore enjoined Nigerians to guard Dangote investments and other local investments in Nigeria. “Let all Nigerians support this investment to grow from strength to strength. This is amazing and we will like to have a similar investment in Zambia.”

On his part, Chief Executive Officer, Dangote Fertiliser Limited, Vishwajit Sinha said demand for Urea fertiliser in the Nigerian market and beyond remains robust and is expected to continue to grow.

According to him, the $2.5 billion fertiliser complex would make Nigeria self-sufficient in fertiliser production with excess capacity exported to other African countries and the rest of the world.

“The key focus of Dangote Fertiliser has always been to cater to the growing fertiliser demand of the domestic market in Nigeria and also to work towards bringing a green revolution in the country so as to contribute towards food security for Nigeria. The surplus production after supplying the domestic market is exported,” he added.

Sinha stated that Dangote Fertiliser is positioned to take advantage of the Federal Government’s policy, which focuses on agriculture as one of the keys to unlock the diversification of the Nigerian economy.

“As population is increasing, food consumption is changing. Many countries’ economic progress is linked to agricultural development, which is the best form of inclusive development. For all the countries that I have been to, I can see the potential of agriculture in the entire value chain from the farm to the kitchen in Nigeria.

“Dangote Fertiliser has the potential to transform the entire African region. Definitely it will have a huge value on the country,” he added.

Sinha described Dangote Fertiliser plant as a company which will not only increase food-sufficiency in Nigeria, but also drastically reduce the level of unemployment and youth restiveness in the country through the generation of direct and indirect employment.

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Simon Ekpa’s Arrest Will Restore Peace In South East, Says Enugu Gov’t

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The Enugu State Government has commended the Republic of Finland for the arrest of Simon Ekpa, a Finland-based leader of the proscribed separatist group, Autopilots.

Ekpa has been accused of orchestrating violence and chaos in Nigeria’s South East region.

In a statement issued on Friday by the Secretary to the State Government, Prof. Chidiebere Onyia, the government described Ekpa as a “common criminal, con man, and terrorist” who has exploited the Igbo people while claiming to represent their interests.

RELATED NEWS: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

“The Enugu State Government welcomes the arrest of the Finland-based terrorist, Simon Ekpa,” the statement read.

“His arrest and trial will no doubt go a long way in strengthening peace, security, and stability in all parts of the South East.”

The state government accused Ekpa of sponsoring violent activities that have resulted in the loss of lives, destruction of property, and disruption of the region’s economic activities.

It stated that Ekpa’s actions were driven by personal greed and not genuine concern for the Igbo people.

Onyia said, “Ekpa is a murderer and fraudster who delights in killing his people and living large off their misery.

“He thrives on manipulating, exploiting, and extorting the people on the pretext of fighting for their interest and for the restoration of Biafra.”

The government emphasized its readiness to provide evidence of Ekpa’s alleged crimes to support his prosecution, whether in Finland or Nigeria.

“This arrest is in line with the demand of the Governor Peter Mbah Administration, which has repeatedly made it known that Ekpa is a megalomaniac, common criminal, murderer, and fraudster who takes joy in feeding fat on the manipulated emotions of Ndigbo and inflicting misery on the South East region,” the statement added.

The government further criticized Ekpa for fostering a climate of fear and insecurity that has harmed the entrepreneurial spirit and economic growth of the Igbo people.

“Ekpa has for long, and unfortunately from Finland, made a living by creating a siege climate and mentality in the South East, destroying lives, property, and the Igbo trademark of entrepreneurship and hard work,” Onyia said.

The Enugu State Government expressed optimism that Ekpa’s arrest would mark a turning point in the quest for peace and stability in the South East, urging residents to remain vigilant and supportive of ongoing efforts to restore normalcy in the region.

 

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JUST IN: COP29 Proposes $250bn Annual Climate Finance Target For Developing Nations

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The COP29 presidency has unveiled an ambitious climate finance plan, calling on developed nations to provide $250 billion annually to developing countries by 2035.

The proposal, part of a broader initiative to mobilize $1.3 trillion from public and private sources each year, seeks to address the mounting challenges posed by climate change.

The five-page draft text, released on Friday, emphasizes the need for developed nations to lead the charge in financing climate action.

RELATED NEWS: COP29: Climate Summit Faces Deadlock Over Vague Funding Proposals For Vulnerable Nations

According to the document, this financial commitment is seen as a critical step toward combating the climate crisis and fostering sustainable development globally.

“In this context, it is decided to set a goal in extension of the goal referred to in paragraph 53 of decision 1/CP.21, with developed country Parties taking the lead, to USD 250 billion per year by 2035 for developing country Parties for climate action,” the draft states.

The announcement follows the release of an earlier 10-page draft on Thursday, which drew significant criticism from Global South delegations.

Many expressed frustration that the document lacked clear financial commitments from wealthier nations, falling short of expectations to support adaptation and mitigation efforts.

“There is a clear need to address the principle of common but differentiated responsibilities, especially given the diverse circumstances shaping national priorities,” a negotiator from a developing country delegation remarked.

The updated proposal aims to address some of these concerns by outlining more specific targets. However, skepticism remains among some negotiators, who feel the revisions still fail to adequately address their demands.

Meanwhile, developed countries have raised their own reservations about the proposed plan.

A European negotiator, speaking to Reuters, described the $250 billion annual target as unrealistic and criticized the lack of measures to expand the pool of contributing countries.

“No one is comfortable with the number because it’s high, and there’s almost nothing on broadening the contributor base,” the negotiator said.

The mixed reactions underscore the persistent divide between developed and developing nations in climate negotiations.

While the draft text aims to reconcile these differences, the gap between expectations and commitments remains a significant hurdle.

 

 

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Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation

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The President of the African School of Governance, Kingsley Chiedu Moghalu has admonished state actors against resorting to brutal force in the bid to muscle out separatist agitators.

In the aftermath of Mazi Simon Ekpa, the Finland based Biafran nationalist agitator being caught in legal web and the Nigerian government moving swiftly to seek his repatriation, the former deputy governor of the Central Bank of Nigeria (CBN) has cautioned that ‘We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.’

ALSO READ: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

The political economist, while expressing his hope in Nigeria, made it clear that “hope is not a strategy”.

He bared his mind in a series of posts on his verified handle on micro-blogging site, X on Friday.

Moghalu wrote, “Despite sustained contemporary difficulties, I am hopeful about Nigeria. But hope is not a strategy. We need to improve state capacity for effective governance.

“We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.

“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable? The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from

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