The signing
of a Memorandum of Understanding (MoU) on the supply of phosphate between
Nigerian and Morocco has created about 50, 000 jobs, Nigeria National Petroleum
Corporation, NNPC, has said.
A statement
by NNPC spokesperson, Ndu Ughumadu, said the Group Managing Director of the
corporation, Maikanti Baru, made this disclosure in Abuja.
Mr. Baru
disclosed this recently while receiving the National coordinator of The New
Partnership for African Development (NEPAD-Nigeria), Gloria Akobundu, at the
NNPC Towers in Abuja.
The NNPC
boss, who noted that the MoU between the two countries was for the supply of
phosphate to rejuvenate agriculture by making fertilizer available and
affordable, said the deal had started yielding positive results in the country.
“The Moroccans
have already supplied a cargo of phosphate which has been delivered to various
blending plants across the country,” the GMD said.
“Already,
eleven blending plants have come into production because of the supply.
“I am happy
to inform you that this development has translated to the creation of about 50,
000 jobs and led to the production of about 1.3million tonnes of fertiliser in
the country.”
According to
the statement, the Moroccans have also given Nigeria a generous credit term of
90 days and they are planning to bring in more cargoes that will fit the
various blending plants in the country, following the arrival of the first
consignment.
According to
the GMD, aside being a huge boost to the Nigerian agricultural sector and the
economy, this partnership is expected to boost bilateral relationship between
the two countries.
(Premium
Times)
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