The Federal Government has commended Indorama-Nigeria for its immense contributions to the Presidential Fertilizer Initiative (PFI) in the past five years.
This was conveyed by the Chief of Staff to the President, Prof. Ibrahim Gambari, and the Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, according to a statement by the Head, Corporate Communications, Indorama Fertilizer Limited, Dr Jossy Nkwocha.
Gambari was quoted to have said that Indorama Fertilizer has been a major supporter of President Muhammadu Buhari’s agricultural revolution with its production of 3 million metric tonnes of Urea per annum through its two world-class fertilizer plants in Port Harcourt, Rivers State.
They spoke on Saturday, during a tour of the Indorama-Nigeria petrochemicals and fertilizer plants in Eleme, Rivers State, in the company of Managing Director/CEO, Nigeria Sovereign Investment Authority (NSIA), Uche Orji.
Gambari also expressed delight with Indorama’s huge investments in petrochemicals, fertilizer, gas pipeline, port development and allied utilities, which the company put at $3.5 billion.
He noted that Indorama’s vision is in line with President Buhari’s economic diversification agenda, adding that they were impressed with Indorama’s vision to build Africa’s largest petrochemicals and fertilizer hub in Nigeria.
“The government will support all genuine initiatives at industrializing the country and supplying fertilizers to millions of farmers across the country,” he said.
He also said the Federal Government is happy that Indorama-Nigeria has in the past few years become a major exporter of fertilizers to earn foreign exchange.
The government will support all genuine initiatives at industrializing the country and supplying fertilizers to millions of farmers across the country.
On her part, the Finance Minister, Ahmed said her visit has awakened her interest in what can be achieved for the country through the development of the gas value chain.
The Managing Director, Indorama-Nigeria, Manish Mundra, and other top Management team, had earlier taken the trio and their entourage on a facility tour of the massive Indorama industrial complex.
After seeing the investments and operations fuelling Nigeria’s industrialization and agricultural revolution, Gambari said: “indeed, seeing is believing. We have come, seen and are very impressed.”
Earlier, Mundra, in a presentation noted that despite the spiralling price of fertilizer in the international market, Indorama is ensuring that Nigerian farmers get the commodity at the cheapest prices in the world.
“Indorama has been at the forefront of supporting the Presidential Fertilizer Initiative by supplying urea on a timely basis.”
He added that the company’s future expansion plan of $3 billion investment will make Nigeria the largest petrochemicals hub in Africa by 2026.