Rabat – Morocco’s state-owned phosphate and fertilizer company OCP continues its commitment to assist the Nigerian government in achieving its goal of developing its agribusiness.
The Nigerian Minister of Petroleum Resources, Timpire Martin Sylva, is leading his country’s delegation for a working tour that will last until March 6th as part of the partnership between the OCP and the Nigerian government.
During the visit, the Nigerian delegation and the OCP will discuss “Next Steps” in relation to the Multipurpose Industrial Platform in Nigeria.
The Moroccan fertilizer group wants the ammonia plant in Nigeria to be operational by 2024.
As part of the project, OCP and Nigeria want to produce 750,000 tons of ammonia and one million tons of phosphate fertilizer annually by 2025.
On Monday, the OCP and the Nigerian delegation signed a series of agreements to promote cooperation in the fertilizer sector.
The signing ceremony took place at the Mohammed VI Polytechnic University (UMP6).
The agreements contain a Memorandum of Understanding (MoU) between OCP Africa, the Federation of Fertilizer Producers and Suppliers of Nigeria (FEPSAN) and the Nigeria Sovereign Investment Authority (NSIA).
The agreement is intended to “mark the second phase of the Nigerian presidential initiation initiative,” OCP said in a statement.
The initiative was taken after the visit of King Mohammed VI. Launched in Nigeria in December 2016.
The main goal is to provide Nigerian farmers with access to high quality fertilizer at affordable prices in order to improve agriculture.
NSIA and OCP Africa have signed a second agreement to form a Joint Venture Company (JVC) to oversee the development of an industrial platform.
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The platform will produce ammonia and fertilizers in Nigeria.
The third cooperation agreement is an agreement between OCP, the Nigerian National Petroleum Corporation (NNPC) and NSIA.
The agreement aims to assess the possibility of equity participation by both the NNPC in the JVC and its support for gas.
The fourth agreement connects OCP, Mobil Producing Nigeria (MPN), the NNPC, Gas Aggregation Company Nigeria (GACN) and the NSIA.
The agreement concerns the gas supply to the industrial platform.
The fifth agreement comprises a memorandum of understanding between the OCP Africa, the Akwa Ibom state in Nigeria and the NSIA on land acquisition, administrative facilitation and joint agricultural development projects in Akwa Ibom state.
The agreements are designed to give Nigerian farmers access to high quality fertilizers that meet their needs at competitive prices.
“They also aim to strengthen the solid partnership between the OCP Group and the various institutions in the gas industry in Nigeria.”
The agreements reaffirm the OCP’s “unwavering support” for the agricultural development initiatives in Nigeria, the Moroccan company said in its statement.
The group expressed satisfaction with their partnership with Nigeria and said they had partnered with the Nigerian Association of Fertilizer Manufacturers and Suppliers (FESPAN) for the first time as part of the Presidential Fertilizer Initiative
(PFI) in 2016.
The OCP extended the cooperation to the entire agricultural value chain.
The collaboration also includes initiatives to support farmers and develop the supply chain
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OCP’s investments and projects in Nigeria have increased local production capacity to over 5 million tons per year.
In recent years, the Moroccan company has expanded its projects across Africa. The company has made a significant contribution to continental efforts towards smart and sustainable agriculture.
One of the most recent initiatives by OCP Africa is the introduction of a platform to ensure the exchange of expertise between African researchers and partners on soil mapping.
The project is part of the OCP’s efforts to promote the creation of agricultural decision support tools across Africa.