Relations between Morocco and Nigeria are going from strength to strength. A new $1.3 billion (CFAF 723.4 billion) commodity chemicals platform will soon be operational between the Kingdom and Nigeria. This will boost the supply of certain chemicals between the two countries.
Morocco and Nigeria continue to join hands to revitalise their national economies, which have been more or less affected by the Covid-19 pandemic. A new platform for basic chemicals will soon be operational between the two countries. The fruit of Moroccan-Nigerian cooperation, the plant under construction on Nigerian soil aims, according to Nigerian President Muhammadu Buhari, to produce ammonia, phosphoric acid, sulphuric acid and various nitrogen, phosphorus and potassium (NPK) and ammonium phosphate fertilisers (DAP), using the country’s gas reserves.
« The Sovereign of Morocco, HM King Mohammed VI, and I have agreed to extend the current phosphate supply agreement between the Kingdom of Morocco and Nigeria. We are convinced that in order to consolidate and fortify the successes recorded so far, we must guarantee the supply of raw materials to our blenders, » said Nigerian President Muhammadu Buhari, during a meeting with the Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN).
The overall value of the project is estimated at $1.3 billion (CFAF 723.4 billion) and the new plant will strengthen the industrial arsenal of Dangote and Indorama Chemicals, which produce urea, ammonia and other industrial raw materials. « When these projects are combined with the 44 existing blending plants, Nigeria will indeed become a regional and global fertiliser hub, » President Muhammadu Buhari said.
President Muhammadu Buhari also used the occasion to thank King Mohammed VI of Morocco for his support during what he described as a « challenging and exciting » experience.