President of the Federal Republic of Nigeria, Muhammadu Buhari has expressed optimism in Nigeria becoming a world class regional fertiliser powerhouse as he seals of a $1.3b deal with Morocco.
“His Majesty, the King of Morocco and I, have agreed to extend the current Phosphate supply agreement between the Kingdom of Morocco and Nigeria.‘
‘We both believe that to consolidate and expand on the successes recorded thus far, we must secure raw material supplies to our blenders.‘‘Furthermore, to improve the balance of trade between Nigeria and Morocco, the two countries have signed an agreement to develop a $1.3 billion Basic Chemicals Platform in Nigeria that will produce Ammonia, Phosphoric Acid, Sulphuric Acid and various Nitrogen, Phosphorus and Potassium (NPK) and Diammonium Phosphate (DAP) fertilisers using Nigeria’s gas reserves, ’’ he said.
