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The Nigeria Sovereign Investment Authority (NSIA), OCP and key operators in the oil and gas value chain have executed five
crucial agreements at the Mohamed VI Polytechnic University (UM6P) in Benguerir,
Morocco.
The agreements are designed to create a clear path for the second phase of the
Presidential Fertiliser Initiate as well as the creation and operationalisation of a
Multipurpose Industrial Platform (MPI) in Nigeria.
The parties to the agreement included the Nigerian National Petroleum Corporation
(NNPC), Nigerian Content Development & Monitoring Board (NCDMB), GACN (Gas
Aggregation Company Nigeria Limited), Akwa Ibom State Government, the Fertilizer
Producers & Suppliers Association of Nigeria (FEPSAN) and Mobil Producing Nigeria
Vanguard News
NSIA signs $1. 4bn deal with Moroccan investors
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The Nigeria Sovereign Investment Authority (NSIA) has signed an agreement with OCP of Morocco, for the development of a $1.4 billion plant to produce Ammonia and Diammonium Phosphate, under its Gas Industrialization Strategy.
According to the NSIA, “The Multipurpose Industrial Platform Project is a backward integration initiative which builds on the successes of the Presidential Fertilizer Initiative (PFI) and other sovereign bilateral initiatives between Nigeria and Morocco.
“The project is structured to commercialize Nigeria’s vast natural gas resources and satisfy Morocco’s demand for cost-competitive Ammonia.”
The parties to the agreement included the Nigerian National Petroleum Corporation (NNPC), Nigerian Content Development & Monitoring Board (NCDMB), GACN (Gas Aggregation Company Nigeria Limited), Akwa Ibom State Government, the Fertilizer Producers & Suppliers Association of Nigeria
Ortom commends Buhari for directing security agents to shoot anyone with AK-47
Published
DAILY POST reported that Buhari also directed the suppression of bandits who have refused to surrender.
Reacting, Ortom who spoke during a function at the Benue Peoples House, Makurdi stated that the Buhari’s order would reduce the level of criminality, banditry and militia herders’ attacks on Benue communities as well as other parts of the country.
According to the Governor, the order would also make the communities safer for displaced farmers to return to their ancestral homes.
“I wish to commend Mr. President for his recent order against those bearing AK47 rifles. This I am sure will reduce the high rate of criminality, banditry and militia herdsmen attacks on our farming communities,” the Governor stated.
Daily Post Nigeria
Published
The Akwa Ibom State Government, oil communities in the State as well as a Civil Society Organisation – Policy Alert, has pointed out some anomalies that marred the petroleum Industry Bill and called for an amendment before it’s passed into law by the National Assembly.
They made the observations on Tuesday during a public hearing with the National Assembly Joint Committee on Petroleum at the Ibom Hotels and Golf Resort, Uyo, Akwa Ibom State capital.
The Executive Director of Policy Alert, Tijah Akpan Bolton in his submission pointed out that the PIB had failed to clearly define what a host or impacted community is, and how each would be affected by the provisions, stressing that, the ambiguity should be addressed to avoid future conflicts between host and impacted communities in the state.
A statement issued on Wednesday in Abuja by Mr Titilope Olubiyi, Communications Officer, Nigeria Sovereign Investment Authority (NSIA) said the agreement was signed in Benguerir, Morocco.
The agreement was between the NSIA, OCP, Akwa Ibom State Government, Nigerian National Petroleum Corporation (NNPC), Gas Aggregation Company Nigeria Limited (GACN), Nigerian Content Development and Monitoring Board (NCDMB) and Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN).
According to the statement, the project is structured to commercialise Nigeria’s vast natural gas resources and satisfy Morocco’s demand for cost-competitive ammonia.
The agreements are designed to create a clear path for the second phase of the Presidential Fertiliser Initiative (PFI) and the creation and operationalisation of a Multipurpose Industrial Platform (MPI) in Nigeria.