Osinbajo pulls together Wike and Amaechi to witness the commissioning of a fertilizer plant in Rivers
Governor Nyesom Wike of Rivers State and Mr. Chibuike Amaechi, his predecessor and Minister of Transportation, were seen together in public, yesterday, with acting President Yemi Osinbajo, who visited the state to commission a world class fertilizer plant at Indorama, Eleme Petrochemicals Limited in Eleme LGA of the state, as he noted that the Federal Government remains committed to developing the private sector.
Incidentally, it was about a year ago since Wike and Amaechi were last seen together. Speaking at the event, Osinbajo noted that the plant will produce 1.5 million metric tonnes of Urea per annum, adding that the development was a reflection of the success of the Federal Government’s privatisation programme.
The acting President also handed a certificate to the management of the fertilizer plant, formally discharging it from the mandatory five year monitoring programme of the Bureau of Public Enterprise, BPE.
He said that the Federal Government will continue to support the growth of the fertilizer plant, noting that it had also taken steps to encourage the needed atmosphere for the growth of private businesses. “The plant commissioned today (yesterday), I am told, is one of the largest in the world, designed to produce 1.5 million metric tonnes of Urea fertilizer per annum for domestic and foreign markets.
I have been informed that Indorama will this year alone supply about 360,000 MT of Urea to Fertilizer blenders, who will in turn produce NPK fertilizer for the benefit of farmers across the country,” he said.
He further charged management of the fertilizer plant not to compromise on best practices even though it had been discharged from the mandatory monitoring programme of BPE. Chairman of the fertilizer firm, Mr Sri Prakash Lolua, said: “I am pleased to report that with the start-up of this plant, Nigeria is now more than self-sufficient in urea and has now become a net exporter of urea to the world.
This enables Nigeria to save valuable foreign exchange on urea imports and receive foreign exchange from urea exports.” Governor Nyesom Wike, in his remarks, assured that his administration will continue to support the fertilizer plant, assuring that the state was conducive for investment.
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