FG plans cheaper fertilizer, sets to build $1.3bn plants

President Muhammadu Buhari Thursday in Abuja said the new basic chemicals platform worth $1.3 billion that will produce ammonia and fertilizers in Nigeria would be ready for commissioning in the coming months.

Speaking at an audience with the Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN), Buhari said the new plant would be built in partnership with the Kingdom of Morocco.

The president added that the new plant when completed would complement the existing Dangote and Indorama Chemicals facilities which produce urea, ammonia and other industrial raw materials.

He assured that the Federal Government would continue to ensure a conducive business environment for these investments to flourish.