(Ecofin Agency) - Yesterday June 10, Morocco and Nigeria clinched two cooperation agreements in the field of agriculture.
The first was signed between the Cherifian Phosphate Office (OCP) and the Nigerian Sovereign Investment Authority to develop a plant for ammonia and byproducts production.
The second concerns professional training in agriculture and technical support within both countries’ agriculture ministries.
According to OCP, these new agreements are part of the continent’s strategy to invest in fertilizer production to boost agricultural production. To this end, the group (95%-owned by the Moroccan government) has already signed in December 2016 an agreement with Dangote for the construction of a Fertilizer Production Platform which will be powered by gas from Nigeria and phosphate provided by OCP.
Let’s note that the facility is set to annually generate 1 million tons of urea as of this year.