Gov Emmanuel Attracts $1.4b Fertilizer Plant To Akwa Ibom

Gov Emmanuel Attracts $1.4b Fertilizer Plant To Akwa Ibom
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Akwa Ibom State Governor Mr. Udom Emmanuel, on thursday announced the signing of an agreement for the citing of a multi-billion fertilizer plant in his State.

Earlier in the week, Governor Emmanuel was part of a Nigerian delegation led by the Minister of State for Petroleum Resources, Chief Timipre Sylva, that visited Morocco to set out the next steps of the $1.4 Bln fertilizer production plant project launched in June 2018.

The agreement which is between OCP Africa, the Nigerian Sovereign Investment Authority, and the Akwa Ibom State Government will birth one of the biggest investments in the fertilizer production industry worldwide. The signing ceremony took place at the Mohammed VI Polytechnic University (UMP6).

Read Also: Gov Aminu Tambuwal Unveils $13m Fertilizer Plant

Mr. Emmanuel signed one of the agreements of the partnership, which covers a memorandum of understanding between OCP Africa, the Akwa Ibom State in Nigeria, and the NSIA on land acquisition, administrative facilitation, and common agricultural development projects in the Akwa Ibom State.

Speaking while signing the agreement, Governor Emmanuel said, ‘Our state is receptive to investments and we are prepared to offer the necessary support to make the project a reality.

‘With a site that is suitably located to enable operational logistics and an abundance of gas resources, all that is left is for the parties to accelerate the project development process’, Mr. Udom said.

The agreement reached between the Nigerian Government and the OCP further links OCP, Mobil Producing Nigeria (MPN), the NNPC, the Gas Aggregation Company Nigeria (GACN), and the NSIA. The two partners agreed to strengthen further their solid partnership leveraging Nigerian gas and Moroccan phosphate.

This project will lead to a multipurpose industrial platform in Nigeria, which will use Nigerian gas and Moroccan phosphate to produce 750,000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025.

The visit of the Nigerian delegation to Morocco takes place within the frame of the partnership sealed between OCP Group and the Nigerian Government to support and develop Nigeria’s agriculture industry.

AFRICA TODAY NEWS, NEW YORK

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