Indorama fertilizer Limited has been commended for its demonstrated support for President Muhammadu Buhari’s fertilizer initiative and economic diversification policy, which are aimed at unleashing the nation’s industrial potentials.  

Chief of Staff to the President, Professor Ibrahim Gambari and the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, gave this commendation on Saturday, April 9, 2022 when they visited the Petrochemicals and Fertilizer plants of Indorama-Nigeria in Eleme, Rivers State, accompanied by the Managing Director/CEO of the Nigeria Sovereign Investment Authority (NSIA), Uche Orji.

A statement signed by Indorama-Nigeria’s Head of Corporate Communications, Dr Jossy Nkwocha, informed that both officials were unanimous in their assertions that Indorama-Nigeria’s contributions to the Presidential Fertilizer Initiative (PFI) in the past five years were immense and have served to amplified the vision behind the initiative.

Prof. Gambari, a former Under Secretary General of the United Nations, described Indorama Fertilizer Limited as a major supporter of President Buhari’s agricultural revolution with its production of three million metric tons of Urea per annum through its two world-class fertilizer plants in Port Harcourt, Rivers State. 

He said they were quite impressed with Indorama’s huge investments in petrochemicals, fertilizer, gas pipeline, port development and allied utilities, which the company put at 3.5 billion US Dollars.

The President’s Chief of Staff noted that Indorama’s vision is in line with President Buhari’s economic diversification agenda, adding that they were impressed with Indorama’s vision to build Africa’s largest petrochemicals and fertilizer hub in Nigeria.

“The government will support all genuine initiatives at industrializing the country and supplying fertilizers to millions of farmers across the country.”

The former diplomat and academic hailed Indorama-Nigeria’s drive to accentuate the nation’s foreign exchange earnings through firming up its position as a major exporter of fertilizers.

On her part, the Finance Minister, Dr Ahmed said her visit has awakened her interest in what can be achieved for the country through the development of the gas value chain.

Managing Director of Indorama-Nigeria, Manish Mundra, and other top Management Staff, had earlier taken the trio and their entourage on a facility tour of the massive Indorama industrial complex.

After seeing the massive investments and operations fuelling Nigeria’s industrialization and agricultural revolution, the Chief of Staff said: “indeed seeing is believing, we have come, seen and are very impressed”.

Earlier, Mr. Mundra, in a presentation noted that despite the spiralling price of fertilizer in the international market, Indorama is ensuring that Nigerian farmers get the commodity at the cheapest prices in the world.

“Indorama has been at the forefront of supporting the Presidential Fertilizer Initiative by supplying urea on a timely basis.” He added that the company’s future expansion plan of $3 billion investment will make Nigeria the largest petrochemicals hub in Africa by 2026.