Chief of Staff to the President, Prof. Ibrahim Gambari, and the Minister of Finance, Budget and National Planning, Dr (Mrs) Zainab Shamsuna Ahmed, have commended Indorama-Nigeria for its immense contributions to the Presidential Fertilizer Initiative, PFI, in the past five years.
Gambari also said that Indorama Fertilizer Limited had been a major supporter of President Muhammadu Buhari’s agricultural revolution with its production of 3 million metric tons of Urea per annum through its two world-class fertilizer plants in Port Harcourt, Rivers State.
According to the Head, Corporate Communication of Indorama-Nigeria, Dr Jossy Nkwocha, in a statement, they spoke on Saturday, April 9, 2022 when they visited the Petrochemicals and Fertilizer plants of Indorama-Nigeria in Eleme, Rivers State in the company of Managing Director/CEO of the Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji.
Gambari said they were quite impressed with Indorama’s huge investments in petrochemicals, fertilizer, gas pipeline, port development and allied utilities, which the company put at 3.5 billion US Dollars.
The Chief of Staff noted that Indorama’s vision was in line with President Buhari’s economic diversification agenda.
He added that they were impressed with Indorama’s vision to build Africa’s largest petrochemicals and fertilizer hub in Nigeria.
“The government will support all genuine initiatives at industrializing the country and supplying fertilizers to millions of farmers across the country,” he said.
He also said the Federal Government was happy that Indorama-Nigeria had in the past few years become a major exporter of fertilizers to earn foreign exchange.
On her part, the Finance Minister, Dr Ahmed said her visit had awakened her interest in what could 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 industrialization and agricultural revolution, the Chief of Staff said: “indeed seeing is believing, we have come, seen and are very impressed.”
Earlier, Mr. Mundra, in a presentation noted that despite the spiralling price of fertilizer in the international market, Indorama was ensuring that Nigerian farmers got the commodity at the cheapest prices in the world.
“Indorama has been at the forefront of supporting the Presidential Fertilizer Initiative by supplying urea on a timely basis.”
He added that the company’s future expansion plan of $3 billion investment would make Nigeria the largest petrochemicals hub in Africa by 2026.
