Delta State Governor, Dr. Emmanuel Uduaghan has assured intending investors that President Goodluck Jonathan is poised to use the Gas Base Industrialisation agenda to harness the utilization of the country’s gas resources to boost industrial growth.
Uduaghan told Nargarjuna Fertilizer and Chemicals Company Limited, the firm proposing to build the biggest fertilizer and fertilizer blending plant in Africa at the Koko Export Free zone, at the corporate headquarters of the company at Hyderabad, India.
He said the state government is also committed to the success of this gas based industrialization agenda explaining that everything will be done to remove any bottleneck the company is experiencing as he explained that the company has reached financial closure and is at advanced stage of its preparation to commence site work at Koko.
The Governor who was received by the Managing Director of the company, Mr. Rahul Raji had led a joint team of NNPC and Delta state government to the Fertilizer Company in India.
According to him, “Nargarjuna has the zeal and commitment and we are willing to match this speed. Nigeria depends on oil for the majority of its income, but we want to diversify and agriculture gives us the best chance to do so. And so President Jonathan has launched the gas revolution and we want that vision to succeed. We have the market and the potential for the plant is very good. From what I know gas is not an issue anymore, there is enough gas being produced as feedstock for the plant, so we are ready to work and ensure the success of this project.”
In his response, the Managing Director of the company, Mr. Rahul Raji confirmed that “We are at advanced state of preparation to invest and begin site work. Unlike any other project we are close to finalizing with EPC contractors, we have global companies in Japan, South Korea and Europe waiting for this project. Our plan is to sell majority of the products in Nigeria and West Africa. This project is real. We have all the components on the plate and we are determined to close this deal and with your support we will do that.”