NEWS
Osinbajo In Port Harcourt To Inaugurates $1.5billion Indorama Fertilizer Plant
A new world-class fertilizer plant built by Indorama Eleme Fertilizer and Chemicals Limited, will be inaugurated today (Thursday) by Acting President Yemi Osinbajo, SAN, in Port Harcourt, Rivers State.
According to a statement by Laolu Akande, Senior Special Assistant to the President on Media & Publicity, Office of the Vice President, 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 privatized in 2006 after the sale of Federal Government’s 75 percent shares to a core investor through a competitive bidding process.
The Plant has a production capacity of 4000 metric tons (MT) of nitrogenous fertilizer per day or 1.5 MT per annum and was built with an investment of USD 1.5 billion.
The fertilizer plant is 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 fertilizer available to farmers nationwide at affordable cost, the plant will also boost crop yield for farmers and help in minimizing the food grain deficit in Nigeria.
Confusion Trails Abuja Protest as VDM Leaves Venue, Supporters Allege Army Interference
NSA Brokers Peace Deal as Ijaw, Itsekiri Leaders Agree on Power-Sharing Formula in Warri
Oborevwori Mourns as Former Delta Health Commissioner, Dr. Joseph Otumara Dies
Nigeria Won’t Abandon You, Bianca Ojukwu Tells Inmates as Ethiopia Prisoner Transfer Deal Takes Effect
“Only God Can End Insecurity” Remark Sparks Outrage as Defence Minister Faces Backlash
Pro-Tinubu Group Protests in Abuja, Accuses Makinde of Politicising Oriire Schoolchildren Kidnap Case
BREAKING: Abducted Retired Maj-Gen. Rabe Abubakar, Dies in Terrorist Custody
Ogun State Targets 95% Votes for Tinubu in 2027, Cites Economic Reforms
Xenophobia in South Africa: Tinubu Puts MTN, DSTV Licenses on the Chopping Block as Evacuation Begins
”We Are Lacking Boots on the Ground” – Gov. Uba Sani Says Nigeria Needs State Police to Address Insecurity
Inside Jim Ovia’s Two New Waterfront Luxury Towers
I’ll Release Kanu if Elected, Dialogue is Better Than Detention, Says Obi
South Africa to Bill Nigeria, Other Nations for Deportation Costs of Undocumented Migrants
Democracy Day: Leadership is a Trust Bestowed by the People, Says Okowa
