Mkpoikana Udoma
Port Harcourt — Chief of Staff to the President, Prof. Ibrahim Gambari and the Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, have commended Indorama-Nigeria for its contributions to the Presidential Fertilizer Initiative in the past five years.
The duo spoke at the weekend, while on a facility tour of the Petrochemicals and Fertilizer plants of Indorama-Nigeria in Eleme, Rivers State in the company of Managing Director of the Nigeria Sovereign Investment Authority, Mr. Uche Orji.
Prof. Gambari commended Indorama Fertilizer Limited for being a major supporter of President Buhari’s agricultural revolution with its production of 3million metric tons of Urea per annum, through its two world-class fertilizer plants in Port Harcourt, Rivers State.
The Chief of Staff said they were impressed with Indorama’s huge investments in petrochemicals, fertilizer, gas pipeline, port development and allied utilities, which the company put at $3.5 billion.
He noted that Indorama’s vision is in line with President Buhari’s economic diversification agenda, adding that they were impressed with Indorama’s vision to build Africa’s largest petrochemicals and fertilizer hub in Nigeria.
“The government will support all genuine initiatives at industrializing the country and supplying fertilizers to millions of farmers across the country,” he said.
He also said the Federal Government is happy that Indorama-Nigeria has in the past few years become a major exporter of fertilizers to earn foreign exchange.
On her part, the Finance Minister, Dr Zainab Ahmed, said the visit has awakened her interest in what can be achieved for the country through the development of the gas value chain.
After seeing the massive investments and operations fuelling Nigeria’s industrialization and agriculture revolution, the Chief of Staff said: “indeed seeing is believing, we have come, seen and are very impressed”.
Earlier, the Managing Director of Indorama-Nigeria, Mr Manish Mundra, in a presentation noted that despite the spiralling price of fertilizer in the international market, Indorama was ensuring that Nigerian farmers get the commodity at the cheapest prices in the world.
Mundra added that the company’s future expansion plan of $3billion investment will make Nigeria the largest petrochemicals hub in Africa by 2026.
“Indorama has been at the forefront of supporting the Presidential Fertilizer Initiative by supplying urea on a timely basis.”
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