Vice
President, Professor Yemi Osinbajo, has lauded the Edo State Governor,
Mr. Godwin Obaseki, and WACOT Limited for joining forces to revitalise a
fertiliser plant, which had been non-functional for about 14 years in
the state...
The Vice President, who made the
commendation recently at the commissioning of the Edo Fertiliser and
Chemical Company Limited, Auchi, was accompanied by the Ministers of
Agriculture and Rural Development, Chief Audu Ogbeh, and Okechukwu
Enrlamah of the Ministry of Industry, Trade and Investment.
Speaking at the event, Osinbajo commended
Obaseki for creating the enabling business environment in the state and
WACOT for its foray in the agricultural sector especially in
agro-processing, saying the Buhari administration takes the private
sector seriously. and has the capacity to produce about 60,000 metric
tonnes of fertiliser per annum.
“We believe that government resources
cannot bring about the rapid roll out we need, especially in the areas
of infrastructure and industrial development. It is the private sector
that can do so. We are therefore committed to making it easy for
businessmen to invest and do business everywhere in Nigeria” he said.
Obaseki said that the aim of revitalising
the plant was to make the state self-sufficient in food production and
enable farmers get fertiliser at affordable prices.
Group Managing Director of TGI Group –
parent company of WACOT Limited, Mr. Rahul Savara, said that the
cornerstone of the partnership with the Edo State Government on the
fertiliser plant was the Presidential Fertiliser Initiative executed by
the Nigerian Sovereign Investment Fund, the policy thrust of Governor
Obaseki and support from Fertiliser Producers Association of Nigeria
(FEPSAN) among others.
He said: “we are strongly committed to
the administration’s vision of attaining food self-sufficiency and
economic prosperity through agriculture. And we have backed this
commitment with action through continuous significant investments and
interventions targeted at various agricultural value chains.”
Also speaking at the event, Mr. Ujwal
Senapati, Managing Director of WACOT Limited, said the compnay will
continue to deliver quality agricultural inputs at affordable prices to
farmers, and would in the near future locally blend crop-specific
fertiliser for a diverse range of crops.
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