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Saturday, September 14, 2013

Nigeria targets 10% global fertilizer market by 2017-Alison Madueke

Anthony Nwakaegho/NaijaAgroNet

The development of new fertilizer plants in the country will position Nigeria as the nation targets control of 10 per cent of global fertilizer by 2017, to assist in the drive in all sector of the economy, especially the agricultural sector.

The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke disclosed to NaijaAgroNet while speaking recently at a plenary session of the 19th Nigerian Economic Summit titled, “Building a World Class Petrochemical and Fertilizer Industry in Nigeria.”

 Alison-Madueke said that the need to get the gas sector to drive growth in all sectors of the economy mostly in agricultural sector necessitated the excision of some key areas of the Gas Master Plan from the Petroleum Industry Bill, (PIB) for accelerated implementation under the Gas Revolution Agenda.

The Minister listed some of the proposed fertilizer plants to include the Dangote Petrochemical and Fertilizer Plant to be built at Olokola, Indorama Fertilizer Plant at Eleme, Brass Fertilizer Company at Brass, Nagarjuna Fertilizer Plant at Ogidigben, and another plant by the International Fertilizer Association.
Speaking further on the gas policy framework, Alison-Madueke explained that the thrust of the two-pronged policy of gas-to-power and gas-to-industries is to drive linkages between the power and industrial sectors with the agricultural sector serving as a linchpin in the industrial sector on account of its enormous job creation potential and multiplier effect in the economy.

The Managing Director of Gas Aggregator Company of Nigeria, Mr. Kunle Allen, stated that apart from Notore which is already into fertilizer production, six new companies have approached the Gas Aggregator Company to firm up gas supply arrangements for their fertilizer plants and that talks are at an advanced stage with the companies.

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*pix: Alison-Madueke Minister of Petroleum Resources

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