An article by Reuters states that "Africa’s annual fertilizer consumption is expected to reach 13.6 million t of nutrient by 2030 from 7.6 mmt now, with East and West Africa fast growth areas as farmers look to boost crop yields, industry analysts CRU said on Tuesday".
A continent that has traditionally lagged behind other regions in terms of fertilizer use, "consumption across Africa has marginally increased since 2010 from 25 to 27 kg/hectare of arable land, and from 12.4 to 14.9 kg/hectare for low-income African countries".
“Fertilizer consumption in Eastern and Western Africa is likely to increase three to four-fold in the next 10 to 15 years,” said Peter Heffernan, Head of Global Fertilizers and Chemicals at CRU analysts.
There is a current 1.5 million t fertilizer plant under construction, developed by Africa's richest man, Aliko Dangote, which is expected to be completed by 4Q18.
Indorama Eleme Petrochemicals Ltd, a wholly owned subsidiary of the Nigerian National Petroleum Corporation (NNPC), is also interested in increasing its annual output of urea fertiliser to 2.8 million t.
