Boosting Ammonia, Fertiliser Production for Nigeria Farmers thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
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The Nigeria Sovereign Investment Authority (NSIA), OCP and key operators in the oil and gas value chain have executed five
crucial agreements at the Mohamed VI Polytechnic University (UM6P) in Benguerir,
Morocco.
The agreements are designed to create a clear path for the second phase of the
Presidential Fertiliser Initiate as well as the creation and operationalisation of a
Multipurpose Industrial Platform (MPI) in Nigeria.
The parties to the agreement included the Nigerian National Petroleum Corporation
(NNPC), Nigerian Content Development & Monitoring Board (NCDMB), GACN (Gas
Aggregation Company Nigeria Limited), Akwa Ibom State Government, the Fertilizer
Producers & Suppliers Association of Nigeria (FEPSAN) and Mobil Producing Nigeria
Vanguard News
NSIA signs $1. 4bn deal with Moroccan investors
On
The Nigeria Sovereign Investment Authority (NSIA) has signed an agreement with OCP of Morocco, for the development of a $1.4 billion plant to produce Ammonia and Diammonium Phosphate, under its Gas Industrialization Strategy.
According to the NSIA, “The Multipurpose Industrial Platform Project is a backward integration initiative which builds on the successes of the Presidential Fertilizer Initiative (PFI) and other sovereign bilateral initiatives between Nigeria and Morocco.
“The project is structured to commercialize Nigeria’s vast natural gas resources and satisfy Morocco’s demand for cost-competitive Ammonia.”
The parties to the agreement included the Nigerian National Petroleum Corporation (NNPC), Nigerian Content Development & Monitoring Board (NCDMB), GACN (Gas Aggregation Company Nigeria Limited), Akwa Ibom State Government, the Fertilizer Producers & Suppliers Association of Nigeria
Vanguard News
Gov Emmanuel attracts $1.4b fertilizer plant to Akwa Ibom
On
… AS FG, OCB reach agreement in Morocco
The Governor of Akwa Ibom State, Mr. Udom Emmanuel has signed an agreement for the citing of a multi billion fertilizer plant in his State.
Governor Emmanuel was part of a Nigerian delegation led by the Minister of State for Petroleum Resources, Chief Timipre Sylva, that visited Morocco to set out the next steps of the $1.4 Bln fertilizer production plant project launched in June 2018.
The agreement between the OCP Africa, the Nigerian Sovereign Investment Authority and the Akwa Ibom State Government will birth one of the biggest investments in the fertilizer production industry worldwide.
Nigeria s Sovereign Investment Fund, OCP Morocco seal $1 4bn deal to build ammonia plant in Akwa Ibom State naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.