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Osinbajo Commissions Fertilizer Plant, BUA Cement Factory in Edo

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  • Osinbajo Commissions Fertilizer Plant, BUA Cement Factory in Edo

Vice President, Yemi Osinbajo on Tuesday inaugurated the 60,000 metric tonnes per annum Edo State Fertilizer Plant, Auchi; and a two million metric tonnes per annum BUA Cement Plant at Okpella,in Etsako West and Etsako East Local Government Areas of the state.

Inaugurating the BUA cement plant, the vice president said: “The construction of this plant is of course a big boost to the Nigeria economy, it will provide thousands of direct and indirect jobs both for skilled and unskilled workers from the commencement of the construction of the plant to the smooth running of the operations process.”

According to him, at the level of production obtained, it also means the consolidation of the Nigeria’s self-sufficiency in cement and a big boost to our export capacity.

“I am happy to note that for the construction of power production facility for this plant, the BUA group has used the most modern and efficient gas turbine which combines low and economically value cost with a very high degree of reliability.”

In Auchi, Osinbajo inaugurated the Edo Fertilizer Plant and Chemical Company Limited, a public, private venture which has the capacity to produce about 60,000 metric tones of fertilizer per annum.

The vice president who was accompanied by the Ministers of Agriculture and Rural Development, Chief Audu Ogbeh; and Industry, Trade and Investment, Dr. Okechukwu Enelamah, commended the foresight of the Edo State Governor, Mr. Godwin Obaseki, for creating the enabling business environment which saw to the revitalisation of the fertilizer plant which had been non-functional for about 14 years.

Osinbajo expressed delight at the 500 direct jobs that have been created by the investment, stressing that much more employment opportunities would result from the ancillary economic activities that would be generated by the fertilizer plant.

Commending the governor for having the right attitude to development, he called on leaders across the country in different areas to dedicate themselves to activities that will improve the lot of their people.

“The President Muhammadu Buhari administration is committed to making it easy for investors to do business in the country. We want to achieve this through the promotion of transparency and efficiency. We want every state to be involved in this drive and create the enabling environment for business to thrive in their domain,” Osinbajo said.

He said the revitalisation of fertilizer blending plants across the country was the direct consequence of the presidential initiative to diversify the economy from crude oil, boost farming activities as well as develop the agricultural value chain.

The vice president added that agricultural activities in the country could be enhanced significantly if there was improved access to inputs, hence the drive to make fertilizer which is a major farm input, easily available and accessible to farmers in Nigeria.

Osinbajo explained that the blending plant would also complement Obaseki’s agricultural development initiative which is aimed at improving investment in agriculture via public private partnership (PPP) as well as creating jobs for youths across the three senatorial districts of the state.

In his remarks, Obaseki said the inauguration of the fertilizer plant signified a milestone in his administration as the facility was never operated for a day after it was fraudulently launched by the opposition party about 14 years ago.

He said what the opposition could not do for nearly a decade, his government, with the support of the Edo people, has done it in only about nine months.

The governor said: “The aim of revitalising this plant is to make the state self-sufficient in food production and enable farmers get fertilizer at affordable prices. We in Edo State are determined to make food available in the country.”

He added that the facility would go a long way in providing fertilizer for neighbouring states such as Kogi, Delta, Ondo and Anambra, among others as it was the only blending plant in the region.

Obaseki commended the leadership role played by the federal government in the execution of the Presidential Fertilizer Initiative as well as the management of WACOT for partnering the Edo State Government in revamping the plant.

“This achievement is an open call to other investors to bring in new technology, create more jobs and expand our economic opportunities,” he said.

The governor called on the traditional ruler, Otaru of Auchi; the community where the plant is located, to ensure the protection of the facility against vandalism as it creates a large range of opportunities for businesses in the community and the state.

Also speaking the Group Managing Director of WACOT, Mr. Rahul Savara, commended the Vice President for ianuguration the plant and governor Godwin Obaseki for fostering the partnership between the state and his company.

He said the presidential fertilizer initiative has made local production feasible and sustainable in the country, assuring that the Edo Fertilizer and Chemical Company would be made up of 95 per cent indigenous workers.

Speaking of the numerous benefits of having a fertilizer blending plant in the state, the Deputy Governor of Edo, Rt. Hon. Philip Shaibu said: “Many jobs will be created, it will boost business activities, farmers will no longer go through undue hardship before they get fertilizer to buy and productivity will increase. We are keying into the federal government policy to make fertilizer affordable and available in the country.”

In his remarks, the Otaru of Auchi, Alhaji Aliru H. Momoh, Ikelebe the III, said the inauguration of the plant demonstrates Governor Obaseki’s zeal to improve the economy as well as industrialise the state.

“The governor brought in people to revamp this plant and told us at the palace that within three months, it will become functional, we taught it was a joke, but thanks to Allah that we are here to witness the commissioning of the plant,” the traditional ruler said.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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President Tinubu to Inaugurate Newly Paved Roads to Apapa, Tin Can Ports

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Bola Tinubu

President Bola Tinubu is set to inaugurate the newly constructed paved roads leading to the Apapa and Tin Can Island ports in Lagos on Saturday.

This development is anticipated to bring significant relief to port users and operators who have endured years of hardship due to the previously dilapidated roads and severe traffic congestion in the area.

The commissioning of these roads marks a major milestone in the government’s efforts to improve infrastructure and boost economic activities around the nation’s busiest ports.

The newly paved roads are expected to enhance the flow of goods and services, reduce operational costs for businesses, and alleviate the chronic traffic bottlenecks that have plagued the Apapa and Tin Can Island areas.

President Tinubu, who is scheduled to arrive in Lagos on Saturday morning, will perform the inauguration as his first assignment of the day.

The ceremony signifies a commitment to addressing the infrastructural challenges that have long hindered the efficiency of Nigeria’s maritime sector.

Mohammed Koko, the Managing Director of the Nigerian Ports Authority (NPA), highlighted the importance of this project earlier this year.

He emphasized the NPA’s “zero tolerance for all forms of impediments to the free flow of traffic” and reiterated the agency’s dedication to improving port operations.

“Our zero tolerance for all forms of impediments to free flow of traffic is no fluke,” Koko said, noting that the rehabilitation efforts are aimed at consolidating gains achieved first in Apapa and now extending to Tin Can.

In January 2024, President Tinubu directed the Federal Ministry of Works to urgently and comprehensively repair the access roads to the Lagos Port Complex and Tin-Can Island Port Complex.

The Minister of Marine and Blue Economy, Adegboyega Oyetola, echoed the urgency of this directive, pointing out that the poor condition of the port access roads had significantly increased internal logistics costs for importers and exporters.

“The dilapidated port access roads increase the cost of internal logistics for importers and exporters,” Oyetola noted.

The improved road infrastructure is expected to curb the exodus of businesses from the Apapa and Tin Can Island areas, which had been driven away by the severe logistical challenges.

The restoration of these critical routes is also anticipated to enhance Nigeria’s competitiveness in international trade by facilitating smoother and more efficient port operations.

Following the inauguration of the port access roads, President Tinubu is also scheduled to flag off the Lagos to Calabar coastal road project at Victoria Island in Lagos.

Also, he will virtually inaugurate the newly rehabilitated 3rd Mainland Bridge, further underscoring his administration’s commitment to revitalizing Nigeria’s infrastructure.

The series of inaugurations and project launches underscore a broader strategy to enhance connectivity, reduce operational bottlenecks, and stimulate economic growth through improved infrastructure.

The completion of the Apapa and Tin Can Island port roads is a pivotal step in this direction, promising a new era of efficiency and productivity for Nigeria’s maritime sector.

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Iran Set for Presidential Elections on June 28 Following Raisi’s Tragic Death

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Ebrahim Raisi

The political landscape in Iran was abruptly reshaped following the untimely demise of President Ebrahim Raisi in a helicopter crash over the weekend.

Now, the nation is poised for a significant transition with presidential elections scheduled for June 28 as reported by the semi-official Tasnim news agency.

Vice President Mohammad Mokhber will assume the role of president in the interim, in accordance with the constitution of the Islamic Republic.

This unexpected development comes in the wake of a tragic accident that claimed the lives of Raisi and eight others, including Foreign Minister Hossein Amirabdollahian, in north-western Iran.

The government attributed the crash to adverse weather conditions and dense fog in the mountainous region.

As Iran prepares for the upcoming elections, candidates will have the opportunity to register starting May 30.

However, prospective candidates will undergo thorough vetting by the Guardian Council, a body comprising 12 clerics and jurists responsible for administering elections.

The council’s scrutiny is anticipated to be particularly stringent, given the unexpected vacancy in the presidency and the significance of the upcoming transition.

While Vice President Mokhber has assumed leadership in the interim period, it remains uncertain whether he will contest the presidential elections himself.

Speculation abounds as to who will emerge as the frontrunner in the electoral race, with many analysts suggesting that the clerical establishment and Supreme Leader Ayatollah Ali Khamenei may prefer a candidate aligned with Raisi’s ultraconservative stance, characterized by deep-seated distrust of the United States and Israel.

Raisi’s tenure as president was marked by polarizing policies and events.

His association with mass arrests and executions following violent protests in 2022, sparked by the death of Mahsa Amini while in custody for allegedly violating Iran’s dress code, stirred controversy both domestically and internationally.

As such, his passing has not only left a void in Iran’s leadership but has also raised questions about the future trajectory of the nation’s politics.

With the presidential elections fast approaching, Iran finds itself at a critical juncture, grappling with the aftermath of a tragic loss while navigating the complexities of its political landscape.

As the nation mourns the passing of President Raisi, all eyes are now on the forthcoming electoral process, which is poised to shape Iran’s future in the post-Raisi era.

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Iran Mourns: Helicopter Crash Claims Lives of President Raisi and Foreign Minister Amirabdollahian

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Ebrahim Raisi

A tragic helicopter crash has claimed the lives of President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian, sending shockwaves across the nation and plunging the country into mourning.

The fatal incident occurred in Iran’s East Azerbaijan province, where the helicopter carrying the two senior officials and several other passengers crashed, resulting in the loss of all on board.

The crash site, now a scene of charred wreckage, stands as a somber reminder of the untimely demise of these key figures in Iranian politics.

President Raisi, who assumed office in August 2021, was widely regarded for his commitment to serving the Iranian people and advancing the nation’s interests on the global stage.

His tenure as president was marked by efforts to strengthen Iran’s position in regional affairs and enhance diplomatic relations with neighboring countries.

Foreign Minister Amirabdollahian played a pivotal role in shaping Iran’s foreign policy, particularly in fostering closer ties with neighboring nations in the Middle East, including Arab countries across the Gulf.

His diplomatic acumen and dedication to advancing Iran’s interests earned him respect both domestically and internationally.

The news of their tragic deaths has elicited an outpouring of grief and condolences from leaders and citizens alike, both within Iran and abroad.

Malaysian Prime Minister Anwar Ibrahim expressed his deep sadness over the loss, highlighting President Raisi’s commitment to justice, peace, and the upliftment of the Muslim world.

Similarly, the European Union extended its sincere condolences to the families of President Raisi and Foreign Minister Amirabdollahian, acknowledging the profound impact of their untimely passing on the Iranian nation.

The helicopter crash not only robbed Iran of two of its most prominent leaders but also left a void in the country’s political landscape.

As the nation grapples with this immense loss, tributes pour in from all corners, commemorating the contributions of President Raisi and Foreign Minister Amirabdollahian to the advancement of Iran’s interests and the well-being of its people.

The legacy of these esteemed leaders will endure in the hearts and minds of Iranians, serving as a guiding light for future generations as they navigate the complexities of governance and diplomacy in an ever-changing world.

Iran mourns the loss of two of its finest sons, whose dedication and service will be remembered for years to come.

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