Gov. Tambuwal pledges 100% returns on $13m fertiliser blending plant

Gov. Tambuwal pledges 100% returns on $13m fertiliser blending plant

Gov. Aminu Tambuwal of Sokoto State has assured OCP Africa Fertilisers Nigeria Ltd. of 100-per-cent returns on the 13-million-dollar fertiliser blending plant, being set up in the state.

 

The governor gave the assurance on Tuesday when he visited the construction site of the company.

 

The plant, which is expected to begin operations in 2021, has the capacity to produce 200,000 tonnes of fertiliser annually.

 

“The contract will enable the company recoup its investment in the state, designated as an agricultural centre of excellence, within the first year of its operation.

 

“This gesture is part of the administration’s objectives to attract genuine local and foreign investors to the state,” Tambuwal said.

 

The governor listed the incentives for companies willing to invest in the state as provision of infrastructural facilities at industrial layouts, easy access to land, tax holidays and joint venture partnerships, among others.

 

“OCP Africa has started benefitting from the state government’s incentives with the grant of a 10-hectare land and its certified title deeds to the company by the state government in less than 24 hours last year.

 

“My administration’s drive in this direction is to the fact that countries of the world are gradually gravitating towards non-oil revenues.

 

“We will not relent in our efforts to move Sokoto State forward for sustainable development in all sectors.

 

“The state government’s determination is not only to promote but improve agricultural production for food sufficiency and promotion of agricultural businesses,’’ he said.

 

Tambuwal said that Sokoto State had the largest deposit of high-quality phosphate in Nigeria, adding that with the endowment, project was aimed at making fertiliser readily available and affordable to all farmers in the state and the northern region.

 

The Deputy Managing Director of OCP, Mr Caleb Usoh, said that the company would serve as a centre of training for fertiliser manufacturers, farmers and other stakeholders in the agricultural value chain.

 

He said that facilities at the plant included modern NPK fertiliser blending equipment, process building, warehouse, administrative building and trailer park, among others.

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