Vice President Osinbajo inaugurates 60,000 capacity Edo fertilizer plant

Nigeria’s Vice President, Professor Yemi Osinbajo has said the Federal Government is committed to creating an enabling environment for private investors to do business in the country.

Professor Osinbajo gave the assurance when he commissioned a sixty thousand capacity fertilizer blending plant in Auchi, Etsako-West Local Government Area of Edo State, Southern Nigeria.

He said the fertilizer blending plant will go a long way to boost agricultural productivity in the state and indeed the entire southern region of the country.

The clear objective of establishing this plant is to boost farming activities and the agriculture value chain Nationwide, this investment, is a direct response to the Federal Government’s strategy of growing the Nigerian Economy on a zero oil economy.

He said the importance of access to input by farmers cannot be over emphasized as it helps maximize the impact of Agriculture in the society.

On the average, a Nigerian farmer uses 13kg per hectare of fertilizer compared with world average of 100kg per hectare. This explains why Mr. President negotiated the December 2016 Fertilizer initiative, working with the Moroccan King, aimed at achieving local production of 1 million metric tons of NPK fertilizer for 2017 wet season farming. Reducing costs and delivering finished products at N5000-5500 per bag (formerly between N8-9,000 sometimes N13,000, he said.

This is an enterprise that will create at least five hundred direct jobs and several more indirect jobs here in Auchi, it will bring us closer to self sufficiency in fertilizer production and most importantly boost food production and reduce food prices thereby ultimately enhancing food security in Nigeria, he added.

Prof. Osinbajo commended the Edo state Government for supporting President Muhammadu Buhari’s job creation and food security initiative.

I must congratulate the dynamic and far-sighted Governor Obaseki and the people of Edo state on this notable achievement as not only will this boost the local economy it will also impact the national economy in a significant way

Prof. Osinbajo said the current administration believes that the private sector investment has the capacity of impacting positively on the country’s economy as government’s resources alone cannot bring the rapid development needed in the country.

The Buhari administration takes private enterprise very seriously, we believe that government’s resources cannot bring about the rapid role out we need especially in the areas of infrastructure and Industrial development ; it is the private sector that can do this, so we are therefore committed to making it easy for businessmen to invest and to do business anywhere and everywhere in Nigeria

On his part, the Edo state Governor Mr. Godwin Obaseki said his government decided to key into this administration’s Fertilizer plan � The Presidential Fertilizer initiative by reviving the Edo Fertilizer Plant thereby contributing their quarter towards attaining self sufficiency in food production.

We invited WACOT limited to come and invest in this plant and bring it back to life so that we can be part of the Federal Government’s Fertilizer Initiative.

He said farmers in the state will no longer have to search for quality fertilizer as the plant will cater for their need which will in turn have a positive impact on farm yields in the state.

Governor Obaseki further called on the indigenes of the area to help support the efforts of the Government by safe guarding and protecting the facility in their locality.

The Edo fertilizer blending plant is a partnership between the state government and Wacot Agro-Allied Company and it is part of the Presidential Fertilizer Initiative aimed at easing farmer’s access to fertilizer and boosting Agriculture productivity.

The blending plant will cater for the fertilizer needs of farmers in the Southern and eastern regions of the country; and also create jobs for over five hundred youths in the state alone.

This fertilizer blending company will bring the total number of fertilizer blending plants in Nigeria to twelve.

Source: Voice of Nigeria