As Buhari Tweaks Fertilizer Initiative, Hits Home Run thenigerianvoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenigerianvoice.com Daily Mail and Mail on Sunday newspapers.
By Folasade Akpan
Abuja, March 15, 2021 The African Export-Import Bank (Afreximbank), has announced the signing of a seven-year 350 million dollar Term Loan Facility to provide financing to OCP Group of Morocco.
The bank made the announcement in a statement it issued in Cairo, Egypt on Monday, adding that the financing was to support the group’s expansion plans across Africa.
Prof. Benedict Oramah, the bank’s President said the partnership was in fulfilment of its mandate of facilitating export development in the continent and promoting intra-African trade and investments.
Oramah was quoted as saying that the Afacility had symbolic value, as it marked the beginning of a productive and close relationship between Afreximbank and OCP group.
Afreximbank signs $350m facility for OCP Nigerian, others expansion punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
Nzube Nlebedim, Nigeria Field Editor March 8, 2021
Image: Naija247news
Nigeria and Morocco on Tuesday, March 5, 2021, signed five memoranda of understanding (MoU) with parties including OCP Group, the Nigeria Sovereign Investment Authority and the Nigerian National Petroleum Corporation (NNPC). The agreements will strengthen the bilateral relationship between the two countries and foster development in the areas of agriculture, hydrocarbons and commerce.
The MoUs were signed in line with the second phase of the Presidential Fertilizer Initiative towards the creation of an NNPC equity investment in support of the gas industry, and the establishment of a planned multipurpose industrial platform for gas sales and aggregation in Nigeria.
FEPSAN signs another agreement with OCP Morocco for agronomic assistance, enhanced yield
FEPSAN President says the new agreement will enable Nigerian blenders of NPK fertilizer to have access to improved supply of di-ammonium sulphate chemicals.
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In line with the commitment of the President Muhammadu Buhari administration to make Nigeria self-sufficient in food production, the
Fertilizer Producers Association of Nigeria (FEPSAN) has signed a second phase of agreement with Morocco’s state-owned phosphate and fertilizer group, OCP, to sustain the enhanced gains in agricultural productivity that started in 2016.
The current agreement, which takes the earlier one signed in December 2016 a step higher, will deepen the cooperation by the two organizations in technical support for blending operations as well as agronomic assistance for enhanced fertilizer application and agricultural productivity.