New $1.3b Fertilizer Plant Will Be Ready In Months – Buhari

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President Muhammadu Buhari said a new basic chemicals platform worth $1.3b that will produce ammonia and fertilizers in Nigeria will be ready for commissioning in the coming months.

This was contain in a statement by the Special Adviser to the PresidentMedia & Publicity Femi Adesina.

President Buhari said the new plant will be built in partnership with the Kingdom of Morocco.

The President added that the new plant when completed would complement the existing Dangote and Indorama Chemicals facilities which produce urea, ammonia and other industrial raw materials.

President Buhari expressed delight on the progress they have made over the past five years, saying that despite the country going through recessions during the period, investments in the fertiliser and agricultural inputs sector continued to grow.

He assured them that the Federal Government will continue to ensure a conducive business environment for these investments to flourish.

On the issue of security, the President expressed concern that the lack of employment prospects and opportunities in most rural communities had remained a major contributor to insecurity.

The President commended Governor Muhammad Badaru Abubakar of Jigawa State, Mr Thomas Etuh and his FEPSAN team, the Central Bank of Nigeria, the Nigeria Sovereign Investment Authority, security and intelligence agencies and all Federal and State Government agencies for their collaboration in making the project possible.

In his remarks, Mr Thomas Etuh, FEPSAN President recounted that in their first meeting with the President five years ago, he gave the association a mission to reduce Nigeria’s reliance on import, enhance fertiliser availability and affordability and create jobs over a 4-year period.

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