Firm to build $1.2bn fer­til­izer plant in Kogi

Daily Trust - - NEWS - From Itodo Daniel Sule, Lokoja

HOMAG In­ter­na­tional Mer­chant Nige­ria Lim­ited will build a fer­til­izer plant worth $1.2 bil­lion in Kogi State, Daily Trust gath­ered.

Rep­re­sen­ta­tive of the firm, Mr Ade­dayo Adeogi, who led a del­e­ga­tion to the state yesterday, said the or­gan­i­sa­tion seeks sup­port of the Kogi gov­ern­ment for suc­cess of the pro­ject.

He said the pro­ject, which is to be ex­e­cuted on the ba­sis of Build, Op­er­ate, Trans­fer (BOT) and main­tain, will have the ca­pac­ity of pro­duc­ing 400 tonnes of fer­til­izer per day.

Adeogi said the choice of Kogi for the pro­ject stems from its con­fi­dence in the agri­cul­tural po­ten­tials of the state, adding that the fer­til­izer plant would pro­vide 215 di­rect jobs, 1,200 sup­port ser­vices per­son­nel and cre­ate over 4,000 jobs dur­ing its plants con­struc­tion, in­stal­la­tion and pre­com­mis­sion­ing.

Re­spond­ing, Kogi State Gover­nor Idris Wada said gov­ern­ment is ready to part­ner in­di­vid­u­als and groups who are will­ing to con­trib­ute to the de­vel­op­ment of the state.

Wada, who was rep­re­sented by his deputy, Yomi Awoniyi, said the present ad­min­is­tra­tion has signed over 42 mem­o­ran­dum of un­der­stand­ing within the past three years.

He said his regime has in­stilled con­fi­dence in the minds of in­vestors, hav­ing put in place mech­a­nism that al­lows for quick re­turn on in­vest­ments.

Wada com­mended the in­vestors for find­ing the state wor­thy for the pro­ject and as­sured them of safety.

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