Nigeria, Morocco sign MOUs on hydrocarbons, agric devt



and the Kingdom of Morocco Tuesday signed five strategic Memorandum of Understandings (MOUs) that would foster Nigerian – Morocco bilateral collaboration and promote the development of hydrocarbons, , and commerce in both countries.

The of State for Resources, Chief Timipre Sylva led the Nigerian delegation to the signing ceremony at Marrakech, Morocco, while the Chief Executive Officer of OCP Mr. Anouar Jamali signed for the Kingdom of Morocco.

Under the between OCP, NSIA and the Nigerian National Corporation (NNPC), Nigeria will import phosphate from the Kingdom of Morocco and use it to produce blended fertiliser for the local market and export. Nigeria will also produce Ammonia and export to Morocco.

As part of the project, the Nigerian Government plans to establish an Ammonia plant at Akwa Ibom State. The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote and the Group Managing Director of NNPC, Mallam Mele Kyari were part of the delegation and they that their organisations would take equity in the Ammonia plant when the Final Investment Decision (FID) would be taken.

Other members of the delegation included Governor of Akwa Ibom, Mr Udom Gabriel Emmanuel; Governor of Jigawa State, Mallam Muhammadu Badaru Abubakar and Managing Director of Nigeria Sovereign Investment Authority, Mr Uche Orji.

The that the project will broaden economic opportunities for the nations and improve the wellbeing of the people. He added that the project will also positively impact , stimulate the growth of gas-based industries and lead to massive job creation.

He revealed that President Muhammadu Buhari had mandated the Ministry of Resources and it agencies and other government agencies to give maximum support for the project. “He mandated me to ensure that at least the first phase of this project is commissioned before the expiration of his second term in office in 2023,” he added.

The MOUs that were signed were for the Support of the 2nd phase of the Presidential Fertilizer ; Shareholders for the creation of the Joint venture company to develop the multipurpose industrial platform and MOU for equity investment by the NNPC in the Joint Venture and support of the Gas.

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