Ethiopia Agrees with Nigeria's Dangote Group on $2.5 Billion Investment for Urea Fertilizer Plant Construction, World's Largest Scale with Annual Production of 3 Million Tons

The Ethiopian Prime Minister's Office announced on August 28 that the country's strategic investment agency Ethiopian Investment Holdings (EIH) and Nigeria's Dangote Group signed an agreement to build a urea fertilizer plant. The total investment amounts to $2.5 billion, with completion scheduled within 40 months. Once completed, it will become one of the world's largest urea fertilizer plants with an annual production capacity of up to 3 million tons. According to the state-run Ethiopian News Agency, the plant will be built in Gode in Ethiopia's Somali region and receive natural gas supply from the Calub-Hilala gas field. For a country that depends on approximately $1 billion in annual fertilizer imports, this plant construction is expected to have import substitution effects. Prime Minister Abiy Ahmed stated that this project will significantly contribute to Ethiopia's agricultural development and food security.