May 28, 2022


Accounting + Finance Blog

Governor Of Edo State Brings Investors To Take Over Auchi Fertilizer Plant


The Governor of Edo State, Governor Obaseki, yesterday took investors to Auchi to checkup a fertilizer Plant. He was accompanied with Mr. Uche Orji, the Managing Director of the Nigerian Sovereign Wealth Fund. He said that former PDP governors privatised some of the industries in Edo state and put the money in their pocket.

The governor said, “So we have brought investors to come and see this facility and to see what we can do to reactivate it; that is the purpose of our being here.”

“Depending on how quickly we can move with investors; we have some interests from the private sector who understand the fertilizer business and we will get them to come and invest with us. From the positive indications, we believe that we can get this factory running before April,” he said.

Meanwhile, Mr. Uche Orji said, “with this type of facilities in the state, Edo State has been missing lots of opportunities with a factory like this. “Once the governor and the investors have agreed, I don’t think it will take too long to get this plant running. “Our objective as the governor has mentioned, is to put the raw materials into this plant and have it to start working.”

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Source: Vanguard 

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