*Presidency
inaugurates N1.2 billion SDG projects in Ekiti
Acting
President Yemi Osinbajo yesterday discharged Indorama Eleme Petrochemicals
Limited (IEPL) from the mandatory five-year monitoring programme of the Bureau
of
Public Enterprises (BPE).
He also
commissioned a $1.4 billion largest single line urea plant in the world with
1.5 million metric tons per annum capacity built by the company for the
domestic and foreign markets.
The acting
president who was accompanied by the Rivers State Governor, Nyesom Wike, the
minister of transportation, Chibuike Amaechi, Senator Magnus Abe and several
other dignitaries, said the economic vision of the Federal Government is for
Nigerians to grow what they eat, produce what they consume.
He explained
that following the 2006 handover, the BPE carried out routine monitoring on the
enterprise to ensure that the core investor adhered to and implemented the
post-acquisition plan it had laid out for the company.
“Today is
the culmination of that process of monitoring and oversight by the BPE. I am
delighted that it is taking place on an inspiring and hopeful note, and that we
are all here today celebrating a thriving and promising company. We should not
take this state of affairs for granted.”
The Acting
President lauded Indorama for the new fertiliser plant, which he observed was
in line with President Buhari’s vision for a country that produces what it
consumes and grows what it eats. He pointed out that presidential Fertilizer
Initiative, which is aimed at ensuring the availability of cheaper fertiliser
to Nigerian farmers in the production of rice and wheat and other staples is
yielding fruits.
Accoding to Guardian, Wike, said
the decision of Indorama to invest $1.4 billion in the state was a sheer
indication that the business climate was conducive. He promised that his
administration would continue to support the company to continue operate in the
state.
The Chairman
of Indorama, Sri Prakash Lohia, said with the commissioning of the plant,
Nigeria has become self-sufficient in fertilizer production.
He said
Indorama was determined to contribute to Nigeria’s agricultural sector and the
rapid expansion of farming activities by making available high quality and
affordable fertilizers to farmers across the country.
In another
development, the presidency yesterday commissioned Projects worth N1.2 billion
in Ekiti State under the Sustainable Development Goals(SDGs), a United Nations
assisted programme.
The projects
which spread across the three senatorial districts of the state, cuts across
education, health and agriculture sector, under which schools and hospitals
were built, renovated and support given to farmers to sustain food production
in the state.
Senior
Special Assistant to the President on SDGs, Mrs. Adejoke Orelope-Adefulire,
said N18 million was expended to fortify various agro-based cooperatives in the
state to boost food production and reduce hunger.
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