The Management of Indorama, Eleme Petro-Chemicals Limited, has received the commendations of stakeholders over the strident implementation of its content development policy and commitment to sound commercial and ethical principles in business operation.
Speaking during the launching of $1.4bn world class fertilizer plant built by Indorama, in Port Harcourt, last Thursday, stakeholders described the project as novel and pivotal to Nigeria’s industrial revolution.
Acting President of Nigeria, Prof. Yemi Osinbajo, who commissioned the mega fertilizer plant, said the initiative would not only provide foreign earnings for the country but help in tackling the challenges of food insecurity in Nigeria.
The Acting President was particularly impressed with the ownership structure, and community development policy of the company which provides shares for the host community and the workers.
Osinbajo who commended Indorama for its commitment towards the development of the Nigerian economy, assured that the  Federal Government would provide the enabling environment to promote private enterprise development and pointed out that the future development of the country depended on “access to private capital”.
He pointed out that the successful handover of the discharge certificate by the Bureau of Public Enterprise (BPE) to Indorama after  a rigorous monitoring process was an indication that the company has done significantly well.
The Acting President urged the management of Indorama to always collaborate with the BPE and maintain the high ethical standards already set.
In his remark, the Rivers State Governor, Chief Nyesom Wike, commended Indorama for the successful launching of the new fertilizer plant.
He assured that the company’s investment would be protected and added that the Rivers State Government would continue to partner with Indorama to achieve target objectives.
A community leader, Hon Lucky Obizi, who spoke with The Tide, at the event said, the new project would create more job opportunities for the people. He called on the company to be committed to its community development policies and pledged the support of the host communities towards the achievement of corporate goals.
Earlier the chairman of Indorama, Mr Sri Prakash Lohia, had during his welcome address described the launching of the new fertilizer plant as a significant breakthrough for the company.
He said the project which was started three years ago became successful because of the support of the Government, workers and host communities.
The chairman stated that the commissioned project was the world’s largest single-line Urea plant with 1.5 million metric tons capacity per-annum.
With the successful launch of the project, Lohia, said Nigeria now has the capacity of being the world’s largest exporter of Urea. He said the project was the biggest investment in the non-oil and gas sector, noting that the company has created 50,000 direct and indirect job opportunities, especially in the rural areas.
He assured that Indorama will continue to contribute to the success of the transformation agencies of the federal government in the industrial and agricultural sectors, while remaining committed to standards and international last practices.

Taneh Beemene