₦airaland Forum

Aliko Dangote, chairman of the Dangote Group, says
the federal government should stop the export of
maize from Nigeria to avoid the scarcity expected to
come as a result of the Russia-Ukraine war.
Responding to a question by TheCable at the fourth
Annual Nigerian Food Processors and Nutrition
Leadership Forum on Thursday, Dangote said Russia
and Ukraine are the major producers of ingredients used
in making fertilizers.
He said the shortage of these ingredients as a result of
the war will also lead to a shortage of fertilizers and
some food products like wheat and maize.
“There will be shortage of wheat, maize and a lot of
products because as we speak now Russia and Ukraine
do almost 30% of the world’s urea and 26% of the
world’s potash — and phosphate also, there are one of
the largest in the world,” he said.

“There would be scarcity of food generally, we would
not be able to access fertilizers going forward, we
would not see the effects now, but in the next two, three
months. The US will not be able to do same number of
tonnage they did last year because of this.
Dangote said he believes food producers need to have
a sit down with the government to halt the coming
scarcity.
“Right now, you would start seeing people exporting
maize to earn foreign exchange, which I think we need
to stop, so that we don’t create shortage, and we need
to make sure we grow more so we don’t have shortage.
It is about food security, and it is very very serious.”

Olusanya: We’ll see maize trafficking
Boye Olusanya, the CEO of Flour Mills of Nigeria, said
Nigeria will be affected by the crisis in Russia and
Ukraine, and the country needs to start discussing
solutions.
“The reality is that Russia and Ukraine are number one
and number five in wheat production, and if you take
that volume, which is almost one-third of global
production, there would be an immediate impact on
prices,” he said.
“Today, the prices of wheat have gone up. There is a
lag that comes because of inventory control, but it is
something that we need to sit down with the
government to say what measures can we put in place
to alleviate what is coming.
“The impact is not just on wheat alone; Ukraine is one
of the largest producers of maize, which will also have
a significant on maize, which is an alternative to wheat.
“You will start looking at cross-border trafficking of
maize, more farmers will look into taking maize out of
the country.
“The last impact is on fertilizers, and the impact is not
just short term, you’re looking at a one-off thing. You’re
looking an impact on production over a year to 18
months.
“When you look at all that and what then happens in
pricing, obviously, if we don’t manage this well, there
will be significant volume compression, in terms of
material that comes in and therefore the volume of food
that is sold.”
He said this may affect fortification efforts, which will
subsequently affect the health of Nigerians if a quick
solution is not figured out.

Osagie Ehanire, the minister of health; Niyi Adebayo,
minister for trade and investment; and Olusola Idowu,
representative of the minister of finance, were all in
attendance.

https://www.thecable.ng/russia-ukraine-war-ban-export-of-maize-to-avoid-scarcity-dangote-tells-fg/amp

mynd44 oam4j lalasticlala seunmsg

Why's Dangote not saying the same about crude oil

I'm so convinced that a day is coming when God will open d eyes
of Nigerians that naija problem is closer to them than they think!!!

Russia

I think he’s right to some extent.


Is This The Beginning Of Famine That Was Written In The Bible ?

We Can See War Happening Already Between Countries And Nations.

ManirBK:
Why's Dangote not saying the same about crude oil

I'm so convinced that a day is coming when God will open d eyes
of Nigerians that naija problem is closer to them than they think!!!

Just as Egypt has done.

Soon there would be food shortages.

callme9mm:
I think he’s right to some extent.

yes bro Russia as number one exporter of wheat 30% and Ukraine as number 5 if they are not exporting the demand will be high on Nigeria little time we will run out of supply

ManirBK:
Why's Dangote not saying the same about crude oil

I'm so convinced that a day is coming when God will open d eyes
of Nigerians that naija problem is closer to them than they think!!!

Wait, you want dangote to say Nigeria should stop exporting crude oil?
Why....?
How you take reason this thing cause e no relate at all.

I'm sure he has plans to buy and hoard them so he can fix d price wen a ban comes into effect

Dangote has seen another market he can corner, with the help of naija government he can monopolize and make billions.

Dangote Fertiliser Plant is coming to become Africa's largest Granulated Urea Fertiliser complex. So indirectly this Russia Ukraine war will benefit him.

Is this capitalism?

We don't have sound economists in this government, all these advisers and aides are picture taking advisers and aids. They don't read in-between the lines, they don't see opportunity. All they do is jump up and down from one developed nation to the other.

Aidejay:
Dangote has seen another market he can corner, with the help of naija government he can monopolize and make billions.

Dangote Fertiliser Plant is coming to become Africa's largest Granulated Urea Fertiliser complex. So indirectly this Russia Ukraine war will benefit him.

Is this capitalism?

A business man sees opportunity and grabs it. Wars and crisis always benefits one and suffer the other. If our country had built or have functional refineries we would be rejoicing now. But all they do is travel out and get their malaria treated

ManirBK:
Why's Dangote not saying the same about crude oil

I'm so convinced that a day is coming when God will open d eyes
of Nigerians that naija problem is closer to them than they think!!!

He is more concern abt his production(flour) and other related product.