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