The Dangote Refinery is set to begin polypropylene production by the end of October 2024, effectively curbing Nigeria’s imports of the product which is a crucial raw material in various industries, including packaging, textiles, and automotive parts.
Chairman of Dangote Group, Aliko Dangote, announced that as the refinery edges closer to full operational status, it will meet the local demand for polypropylene, previously reliant on imports valued at approximately $267.7 million annually.
This shift is expected to significantly benefit various industries, including packaging, textiles, and automotive manufacturing, which have faced challenges due to foreign exchange issues and long shipping times.
Dangote emphasised that the refinery is prepared to supply the market fully, alleviating the struggles of local manufacturers who have had to stockpile due to import delays.
The production of polypropylene will not only reduce costs associated with importation but also enhance the stability of the Nigerian economy by decreasing reliance on foreign products. With this development, Nigeria aims to become self-sufficient in polypropylene production, marking a significant milestone in its industrialisation efforts.
“Let me assure you of one thing, Nigeria from October will not import any more polypropylene, which used to be about a quarter of a million tons,” he said. “No more imports of polypropylene.”
Polypropylene, a versatile plastic used in a wide range of applications from packaging and textiles to automotive parts and medical equipment, is currently imported in large quantities by Nigerian manufacturers.
Peoplesmind