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An agreement between the governments of Nigeria and Morocco, anchored by Fertilizer Producers and Suppliers of Nigeria, FEPSAN and a Moroccan company, OCP will yield one million tons of fertilizer through local production for next farming season. This will be a short term solution that will, by a signed agreement also force the price of fertilizer from N8,000 to a low of about N5,000.
In a statement obtained from the facebook page of the Special Adviser, Media and Publicity to the president, Femi Adesina, a Memorandum of Understanding also signed during the visit of King Mohammed VI of Morocco to Nigeria by Mr. Thomas Etuh, President of FEPSAN and Dr. Mostafa Terrab , Chairman and Chief Executive Officer of the OCP Group, FEPSAN and OCP, will come together to promote innovation in an effort to contribute towards productivity-led agricultural growth and improve farmer livelihood.
OCP, a majority state-owned company of Morocco is a world leader in phosphate and its derivatives, committed to the development of agriculture in Africa.
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