Sunday, February 23, 2025
23.8 C
Lagos

FG Commends Indorama on Cheap Fertilizers for Farmers

The Presidential Committee on Fertilizer Initiative (PCFI) has expressed satisfaction with the participation of Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) Port Harcourt, in the programme aimed at supplying NPK fertilizer to farmers nationwide at cheaper cost.
Chairman of the committee, Alhaji Mohammed Badaru Abubakar who is also the Governor of Jigawa State made this statement on Saturday, 4th February, 2017 when he visited the Indorama world-class fertilizer plant in the company of the President of the Fertilizer Producers & Suppliers Association of Nigeria (FEPSAN), Mr. Thomas Etuh and the Managing Director of the Nigerian Sovereign Investment Authority (NSIA), Mr. Uche Orji.
Alhaji Abubakar said he was impressed that Indorama has fully keyed into the Presidential Fertilizer Initiative whose goal is to help the Federal Government to achieve higher food production and food security in the country.
This is contained in a press release issued by the Head of Corporate Communications of Indorama-Nigeria, Dr Jossy Nkwocha.
“In supporting the Federal Government’s Fertilizer Initiative, Indorama will this year supply 360,000 metric tons of Urea to Fertilizer blenders, who in turn will produce NPK fertilizers and supply at cheaper price to the farmers across the federation.”
According to him, Managing Director of Indorama-Nigeria operations, Mr. Manish Mundra, received the team and conducted them round the Ammonia, Urea and Utilities plants which have capacity for 1.5 million metric tons of Urea fertilizer per annum and the largest single-line Urea plant in the world.
“At the Bagging section of the plant, the Presidential team inspected the specially packaged granular Urea bags meant for delivery to the blenders.”
Mr Mundra informed the team that the Ammonia section of the fertilizer plant is presently undergoing scheduled maintenance shutdown to optimize its ammonia production and reduce energy consumption, activities that will enhance Indorama’s participation in the Federal Government Fertilizer Initiative.”
“The shutdown of the Ammonia plant is part of Indorama’s excellent maintenance culture and innovation, and the plant will be re-started on 24th February,” Mr Mundra assured.
Governor Abubakar said he was quite impressed with Indorama’s operations especially in helping the Federal Government to achieve its agricultural transformation agenda. “I must say that I am impressed that Indorama is supporting the Federal Government initiative. This is one of the initiatives to bring down the cost of food items in the country”, the Chairman said.
President of FEPSAN, Mr Etuh, also commended Indorama for keying into the Federal Government Initiative and promised that members of the association, especially the blending plants will make the best use of the opportunity to facilitate greater crop harvest this year.
Indorama has supplied about 250,000 metric tons of granular Urea fertilizer to farmers nationwide since June 2016 when it commenced production.

Through import substitution, the company has helped the Federal Government to save foreign exchange and also earn scarce forex through the export of its surplus production after meeting domestic demand.

spot_img
spot_img
spot_img

Hot this week

LASAA Addresses Community Concerns over Billboard Safety at Abati Barrack

The Lagos State Signage and Advertisement Agency (LASAA) is...

AIICO Celebrates Outstanding Agency Field Force at 2025 Annual Awards Night

Left - Right: Mr. Adewale Kadri (Executive Director, Technical),...

Is the CBN Pushing Nigerians Back into the Banking Halls? 

By Elvis Eromosele  Public institutions in Nigeria have a knack...

Fidelity Bank Enhances Educational Facilities in Benin, Abuja

Fidelity Bank Plc, a leading financial institution, has once...

NCDMB Chief Visits Samsung, Africoat, Insists on Patronage of Local Facilities

The Executive Secretary, Nigerian Content Development and Monitoring Board...

Topics

Sterling Unveils Omni X Platform, Breaks New Ground in Liquidity Mgt

Abubakar Suleiman CEO Sterling Bank Plc In a bid to improve banking...

PPC Names Ayodeji Grillo as New CEO

PPC Limited announces the appointment of Mr. Ayodeji Grillo...

DMO Seeks Transaction Parties for $3.3bn Eurobond 2020

      The Debt Management Office (DMO), on behalf of the...

Old Mutual Nigeria Celebrates Parent Company’s 178 Years of Financial Service Heritage

Samuel Ogbu West Africa Chief Executive Officer Old Mutual Old Mutual...

CBN, UBA, Glo, NNPC Boost Editor’s Conference on Security

All is now set for the 17th All Nigeria...

Union Bank Delists from NGX as Titan Trust Completes Takeover

In May, 2023, Union Bank received an offer from...

Fidelity Bank Trains 1,276 Women in Digital and AI Skills

As part of its commitment to empower women with...

Sovereign Trust Insurance Partners FRSC on Road Safety Campaign

L-R: Segun Bankole, Deputy General Manager, Corporate Communications &...
spot_img

Related Articles

Popular Categories

spot_imgspot_img