Nigeria-Morocco fertilizer deal creates 50,000 new jobs
Maikanti Baru, Group Managing
Director of Nigerian National Petroleum Corporation (NNPC) has said the recently
signed Memorandum of Understanding (MoU) between Nigeria and Morocco on the
supply of phosphate has created 50,000 new jobs in the country.
Baru added that the MoU also
resulted in the production of about 1.3 million tonnes of fertilizer in the
country.
He disclosed this while speaking on
the sidelines of a meeting with Princess Gloria Akobundu, National Coordinator
of the New Partnership for African Development (NEPAD-Nigeria).
“The Moroccans have already
supplied a cargo of phosphate which has been delivered to various blending
plants across the country. Already, 11 blending plants have come into
production because of the supply. I am happy to inform you that this
development has translated to the creation of about 50, 000 jobs,” Baru said.
He explained that the partnership
will lead to a massive expansion in the nation’s agricultural sector and the
economy especially due to the favourable credit term of 90 days granted to
Nigeria by Morocco.
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