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The agreement was signed at the University Mohammed VI Polytechnic in Morocco by OCP Africa, while the Nigerian delegation was led by Timipre Sylva, minister of state for petroleum resources.
This is a build up to the industrial platform which was officially launched in June 2018 following the first phase of the presidential fertiliser initiative (PFI) supported by OCP.
The agreement is expected to utilise Nigeria’s gas and Morocco’s phosphate to produce 750,000 tons of ammonia and one million tons of phosphate fertilisers annually by 2025.
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To achieve the set target, a number of other agreements were also signed including: a pact between OCP Africa, Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) and Nigeria Sovereign Investment Authority (NSIA) in order to commit to the second phase of PFI.