As reported by Reuters, Nigerian industrial conglomerate Dangote Group has signed a deal to make phosphate into fertilizer in Togo, the small West African country said on Friday.
Togo’s vast phosphate resources are mostly exported in their raw form, and Dangote’s project would process some of that phosphate to make fertilizer in-country, aiming to export it to elsewhere in West Africa.
The cost of the project is approximately US$2 billion, a statement from Togo’s government said, without specifying how much of that would come from Dangote.