HomeBusinessDangote’s polypropylene production to cut imports, save Nigeria over $200 million

Dangote’s polypropylene production to cut imports, save Nigeria over $200 million

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The Manufacturers Association of Nigeria (MAN) has applauded the launch of local polypropylene production by Dangote, describing it as a game-changer for the country’s economy.

The association believes this move will rejuvenate Nigeria’s struggling textile industry and significantly reduce reliance on expensive imports.

MAN’s Director-General, Segun Ajayi-Kadir, highlighted the impact of this development during a television interview, stating that the textile industry, once a key employer in Northern Nigeria, had suffered due to a shortage of locally available raw materials.

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“With the commencement of polypropylene production by Dangote, Nigeria will no longer have to import 90% of its annual polypropylene needs,” Ajayi-Kadir said.

“This will not only save $267 million in foreign exchange but also strengthen key industries such as textiles, plastics, and furniture.”

He added that local production would attract more investments, lower manufacturing costs, and play a vital role in economic expansion.

The newly established $2 billion petrochemical plant in Lagos is expected to produce 900,000 metric tonnes of polypropylene annually, surpassing Nigeria’s demand and potentially positioning the country as an exporter in the global market.

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