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

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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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