Tambuwal Breaks Ground For $13m Fertilizer Plant, Pledges 100% ROI
Governor Aminu Waziri Tambuwal of Sokoto State, Wednesday, laid the foundation for the construction of a $13 million fertilizer blending plant by OCP Africa Fertilizers Nigeria Limited in an industrial layout in the outskirts of the state capital.
The contract, noted the governor, "will enable the company recoup its investment" in the project designated as "an agricultural center 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," said the governor, who enumerated its package of incentives as: "provision of infrastructural facilities at industrial layouts, easy access to land, tax holidays, as well as joint venture partnerships."
In this regard, OCP Africa has started benefitting from the state government's incentives with the granting of a piece of 10 hectares land and its certified title deed (Certificate of Occupancy) to it by the state government in less than 24 hours last year.
Gov. Tambuwal hinged his administration's drive in this direction to the fact that "countries of the world are gradually gravitating towards non-oil revenues," thus the need for the state government "to focus on the development...so as to decrease our dependence on oil with a view to increasing our internally generated revenue (IGR)."
"Our administration will not relent in its effort to move Sokoto state forward for sustainable development in all sectors" the governor added, pointing out that the government's determination is "to not only promote but also improve agricultural production for food sufficiency promotion of agricultural business.
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