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Press focuses on Nigeria, Morocco bilateral deal on industrial growth, others Nigeria-Press-Review March 04, 2021 to 10:20 1023 APA – Lagos (Nigeria) The new five-plug bilateral deal on industrial growth between Nigeria and Morocco and the suggestion by NorthEast Governors’ Forum to seek assistance from neighbouring countries of Niger, Chad and Cameroun to end insurgency in Nigeria are some of the leading stories in Nigerian newspapers on Thursday.
The Guardian reports that Nigeria has signed a $1.4 billion memorandum of understanding (MoU) with Morocco to enhance its industrial capacity and boost the performance of the agriculture sector.
The five-plug agreements constituting the MoU entered into by the Nigeria Sovereign Investment Authority (NSIA) and OCP Africa at the Mohamed VI Polytechnic University (UM6P) in Benguerir, Morocco, would lead to
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Vanguard News
NSIA signs $1. 4bn deal with Moroccan investors
On
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
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