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The federal government of Nigeria has on Thursday signed an agreement with the Kingdom of Morocco to develop a $1.3 billion basic chemicals platform in Nigeria. The chemical platforms, as said by the President on his official twitter handle will produce Ammonia and various Nitrogen phosphorus and potassium otherwise known as NPK and Diammonium phosphate otherwise known as DAP fertilizers using gas reserves in Nigeria.
Announcing the agreement on his Twitter platform, President Muhammad Buhari expressed optimism that Nigeria is well on her way on becoming regional and global fertilizer power house.
Tweeting further in a series of tweets that expanded into a thread, the President expressed that ‘the new plant when completed will complement the existing Dangote and Indorama chemicals facilities which produce Urea, ammonia and other industrial raw materials. These are in addition to dozens of fertilizers blending plants we’ve received under the Presidential fertilizer Initiative’.
The president further expressed his pleasure with the partnership and support offered by the Fertilizer Producers and Supplies Association of Nigeria (FEPSAN). Exemplification of the country’s 5-year fertilizer revolution was also made with the President citing that if investors are willing to endure the short-term ‘start-up’ pains, they will surely benefit from long-term sustainable and substantial gains.


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