Uche Orji, Executive Director of the Nigeria Sovereign Investment Authority (NSIA), is delighted with the new fertilizer platform, which will be commissioned in the coming months in Nigeria as part of a partnership between this African country of the West and Morocco.
This large-scale project, which is the illustration of a “wonderfully balanced” commercial partnership, is worth 1.3 billion dollars, announced the Nigerian President, Muhammadu Buhari during a meeting in Abuja. with the Nigeria Fertilizer Producers and Suppliers Association (FEPSAN).
“This is a wonderfully balanced business cooperation” and a mutually beneficial partnership between the two countries, told MAP the Executive Director of NSIA, explaining that Nigeria and Morocco have two essential components for the production of ammonia, namely natural gas and phosphate.
“The new structure under construction is important especially as Nigeria is one of the biggest consumers of ammonia in the world”, noted Orji.
This platform, which is part of an agreement signed between the two countries, aims to produce ammonia, phosphoric acid, sulfuric acid, NPK fertilizers (zote, phosphorus and potassium) and diammonium phosphate (DAP) fertilizers, using Nigeria’s gas reserves.
“King Mohammed VI, and I have agreed to extend the current phosphate supply agreement between the Kingdom of Morocco and Nigeria. We are convinced that in order to consolidate and consolidate the successes recorded so far, we must guarantee the supply of raw materials to our mixers ”, underlined the Nigerian President.
President Buhari had indicated during the meeting with the Nigeria Fertilizer Producers and Suppliers Association that the new plant, when completed, will be in addition to the existing facilities of Dangote and Indorama Chemicals which produce fertilizer. urea, ammonia and other industrial raw materials.
“When these projects are combined with the 44 existing blending plants, Nigeria will indeed become a regional and global fertilizer hub”, he had rejoiced.
This new milestone in the dynamics of Moroccan-Nigerian cooperation and economic integration comes in addition to the major project to build a regional gas pipeline, the launching ceremony of which took place in 2016 in Abuja under the presidency of King Mohammed VI and of President Buhari.
This major project to link the gas resources of Nigeria, those of several West African countries and Morocco is intended to promote regional economic integration.
