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NSIA signs $1. 4bn deal with Moroccan investors

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NSIA signs $1. 4bn deal with Moroccan investors
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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 & Suppli ....

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Nigeria's Sovereign Investment Fund, OCP Morocco seal $1.4bn deal to build ammonia plant in Akwa Ibom State

Nigeria's Sovereign Investment Fund, OCP Morocco seal $1.4bn deal to build ammonia plant in Akwa Ibom State
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