Nigeria, OCP Africa sign pact in Morocco for fertilizer production
Nigeria and OCP Africa have signed a pact in Morocco to aid the second phase of the Nigerian Presidential Fertilizer Initiative.
The pact was signed by the Nigerian delegation chaired by H.E the Minister of State for Petroleum Resources, Chief Timipre Sylva, and officials of Nigeria Sovereign Investment Authority (NSIA).
“The goal of the project is to develop a multipurpose industrial platform in Nigeria, which will utilize Nigerian gas and Moroccan phosphate to produce 750,000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025”, a statement by the NSIA disclosed.
Today, in Morocco, @nsia_nigeria, @ocpgroup, @nnpc, Akwa Ibom State Government and others sign agreement for creation of US$1.4billion Multipurpose Industrial Platform in Akwa Ibom. Nigerian delegation was led by HE Gov. Timipre Sylva, Hon. Min of State for Petroleum Resources. pic.twitter.com/vwMNNTzrc5
— NSIA (@nsia_nigeria) March 2, 2021
Headquartered in Morocco, OCP plays an important role in feeding a growing global population, by providing essential elements for soil fertility and plant growth. With a century of experience and revenues reaching US$5.62 billion in 2019, OCP is a leader in plant nutrition and the world’s first producer of phosphate-based fertilizers.
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari, was also among the delegation.
@NNPCgroup, which gave assurances at the MoU signing, will also take equity in the venture that is expected to use Nigerian gas and Morrocan phosphate to produce 750,000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025.
We joined HMSPR Timipre Sylva, OCP Morocco, PFI and the NSIA in Marrakech to endorse protocols that progresses the Amonia plant establishment in Akwa Ibom. We gave gas supply assurances and NNPC will take equity in the venture. Local fertilizer production will get boost! pic.twitter.com/krmwzQ7lji
— Mele Kyari (@MKKyari) March 2, 2021
Amaka E. Nliam