Nigeria’s Acting President, Yemi Osinbajo, is set to commission a new world-class fertiliser plant.
The fertiliser plant was built by Indorama Eleme Fertiliser and Chemicals Limited, in Port Harcourt, Rivers State.
A statement from the office of the Ag.President said on Wednesday that the plant with production capacity for 1.5 million Metric Tons of Urea fertilizer is considered the world’s largest single-train Urea plant.
“Eleme Petrochemicals Company Ltd, now Indorama Eleme Fertilizer and Chemicals Limited was privatised in 2006 after the sale of the Nigerian Government’s 75 percent shares to a core investor through a competitive bidding process,” the statement reads.
It said, the plant has a production capacity of 4000 metric tons (MT) of nitrogenous fertiliser per day or 1.5 MT per annum and was built with an investment of 1.5 billion Dollars.
The fertiliser plant was supported by a Port Terminal at the nearby Onne Port Complex, and a Gas Pipeline of 83.5KM for gas supply.
“The plant will bring about a green revolution in the agriculture sector not only in Nigeria but also in other parts of Africa and beyond, in line with the economic diversification of the Buhari administration…Besides making fertiliser available to farmers nationwide at affordable cost, the plant will also boost crop yield for farmers and help in minimising the food grain deficit in Nigeria,” the statement added.