[BUSINESS NEWS] NNPC TARGETS 20% IN FERTILIZER COMPANY

THE NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) IS BILLED TO TAKE 20% EQUITY IN THE PROJECT NAGARJUNA FERTILIZER PROJECT TO PROVIDE THE GAS FEEDSTOCK.

 

NNPC’S GROUP MANAGING DIRECTOR, MAIKANTI BARU, HOWEVER ON MONDAY CHARGED MEMBERS OF THE JOINT MANAGEMENT COMMITTEE OF THE PROJECT TO WORK HARD TO ACHIEVE EARLY FINAL INVESTMENT DECISION FOR EVENTUAL TAKE-OFF OF THE PROJECT.

 

THE COMPANY’S GROUP GENERAL MANAGER, GROUP PUBLIC AFFAIRS DIVISION, NDU UGHAMADU, WHO DISCLOSED THIS IN A STATEMENT, ON MONDAY, NOTED THAT THE PROJECT IS IN TANDEM WITH THE OBJECTIVES OF THE FEDERAL GOVERNMENT’S 7-BIG WINS AND THE CORPORATION’S 12-BUSINESS FOCUS AREAS TO AGGRESSIVELY COMMERCIALISE THE NATION’S HUGE GAS RESOURCES THROUGH GAS-BASED INDUSTRIALIZATION.