Nigeria and Morocco signed deal to develop $ 1.3 billion chemicals platform

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Nigerian President Muhammadu Buhari announced this Thursday, March 25, 2021, that Nigeria and Morocco have signed an agreement to develop a $ 1.3 billion commodity chemicals platform in Nigeria that will produce electricity. ammonia and various NPK and DAP fertilizers, using Nigeria’s gas reserves.

“We are on track to become a regional and global fertilizer powerhouse”, explains the Nigerian president in a tweet published on Thursday. “This mutually beneficial partnership between our two countries is a real example of how intra-African trade and partnership should work,” continued Muhammadu Buhari.

Finally, the head of state of the second African power takes the opportunity to thank, “On behalf of Nigerians, my brother and friend, His Majesty the King of Morocco, to be with us on this difficult but exciting journey”.

The new plant, when completed, will complement the existing facilities of Dangote & Indorama Chemicals which produce urea, ammonia and other industrial raw materials.

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