# Nigerian billionaire Dangote launches $2.5 billion fertilizer plant as prices soar | Reuters

> Aliko Dangote opened a 3-million-tonne fertilizer plant in Nigeria costing $2.5 billion, aimed at African and foreign markets. The opening came as the war in Ukraine pushed up natural gas prices, a key input for urea, and disrupted shipping.

- Date: 2022-03-22 · published 2022-03-22T12:00:00.000Z
- Category: geopolitics · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/42567-nigerian-billionaire-dangote-launches-2-5-billion-fertilizer-plant-as-prices
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

The new capacity adds future urea supply, but near-term costs stay high because gas prices remain elevated, so buyers face firm nitrogen prices.

## Read by commodity

- UREA: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-10-01 | [A Wish List to Reset Fertilizer Prices](https://feedsoft.ai/events/17035-a-wish-list-to-reset-fertilizer-prices.md) | -6.6% | -4.1% |
| UREA | 2025-03-26 | [Fertilizers: US Deal Aims to Restore Russia’s Export Access, but Has Limited Effect on Prices \| Morningstar](https://feedsoft.ai/events/25508-fertilizers-us-deal-aims-to-restore-russia-s-export-access-but-has-limited.md) | +2.0% | +7.8% |
| UREA | 2023-05-18 | [Russia remains dominant in fertilizer market \| The Western Producer](https://feedsoft.ai/events/35874-russia-remains-dominant-in-fertilizer-market-the-western-producer.md) | +0.1% | -20.1% |
| UREA | 2026-08-11 | [Fertilizer Crisis Response Bulletin #24 – Argus’ Fertilizer Crisis Update - IFDC](https://feedsoft.ai/events/17861-fertilizer-crisis-response-bulletin-24-argus-fertilizer-crisis-update-ifdc.md) | -1.4% | +12.2% |
| UREA | 2026-03-31 | [Farmers pay more for fertilisers despite no major shortage \| The Daily Star](https://feedsoft.ai/events/20477-farmers-pay-more-for-fertilisers-despite-no-major-shortage-the-daily-star.md) | +11.8% | +8.6% |

## Sources

- reuters.com: https://www.reuters.com/world/africa/nigerian-billionaire-dangote-launches-25-bln-fertilizer-plant-prices-soar-2022-03-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.