Osinbajo pulls Wike, Amaechi together to witness as he commissions fertilizer plant in Rivers - TREAT P WORLD

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Friday, 28 July 2017

Osinbajo pulls Wike, Amaechi together to witness as he commissions fertilizer plant in Rivers

By Jimitota Onoyume
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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