Moroccan – Nigerian Partnership to Launch Platform for Basic Chemical Products
The President of the Federal Republic of Nigeria, Muhammadu Buhari, announced yesterday, Thursday, in Abuja, that a new platform for basic chemical products worth 1.3 billion dollars will be launched in the coming months
The President of the Federal Republic of Nigeria, Muhammadu Buhari, announced yesterday, Thursday, in Abuja, that a new platform for basic chemical products worth 1.3 billion dollars will be launched in the coming months, as part of the partnership between Morocco and Nigeria.
Buhari said, during a meeting with the Fertilizer Suppliers Association of Nigeria (FEPSAN), that the aforementioned platform, which is under construction, will produce ammonia and fertilizers for the benefit of this West African country.
In this regard, he noted that in order to improve the position of trade balance between Morocco and Nigeria, the two countries signed an agreement to develop a platform for basic chemicals in Nigeria with an estimated budget of 1.3 billion dollars for the production of ammonia, phosphorous acid, sulfuric acid, nitrogen-phosphorous-potassium (NPK) and diammonium phosphate (DAP) fertilizers, by using the country’s gas reserves.
“I agreed with King Mohammed VI to extend the current agreement concluded between Morocco and Nigeria for the supply of phosphates”, Buhari said. “We are convinced that in order to consolidate the successes achieved so far, we must ensure the supply of raw materials to the mixing facilities.”
In this regard, the Nigerian president indicated that the new plant will strengthen the facilities of the two companies “Dangote” and Lindorama Chemicals” which are specialized in the production of urea, ammonia and other industrial raw materials, noting that “when these projects will be added to 44 existing mixing facilities, Nigeria will become, indeed, a regional and global pole of fertilizers.”
On this occasion, President Buhari, on behalf of all Nigerians, thanked his “friend” and “brother” His Majesty King Mohammed VI for his support during this difficult and wonderful experience at the same time.
The Nigerian President concluded by saying that “this partnership, which will benefit both parties, is a true example of what the intra-African trade and partnership should be.”