Acting President Yemi Osinbajo is to open on Thursday a new world-class fertilizer plant considered the world’s largest single-train urea plant.
It was built by Indorama Eleme Fertilizer and Chemicals Limited in Port Harcourt, Rivers State.
It has production capacity for 1.5 million metric tons of urea a year—at a rate of 4,000 tons a day.
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 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, the office of the vice president said in a statement.
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.
