Agriculture
Bayelsa Plans Petrochemical Firm …Targets 30,000 Jobs

Sen Abdul-aziz Nyako of Adamawa State Central Senatorial district (left) distributing improved Maize seedlings to farmers in his zone recently Photo: NAN
As part of on-going
efforts to restructure and expand its economic capacity, the Bayelsa State Government has put in place modalities to employ no fewer than 30,000 workers especially indigenes in its $3.5 billion fertilizer and petrochemical company.
This disclosure was made by the Deputy Managing Director, Bayelsa Development and Investment Corporation (BDIC), Mr. Tam Alazigha, in a statement obtained by our correspondent recently.
He stated that $3.5 billion Brass fertilizer and petrochemical project to be sited at Odioma in Brass local government area is expected to generate a turnover of $1.5 billion.
The project, he added would openout posts in strategic locations in the various key markets in order to leverage on opportunities that the markets offered to drive the restoration of Bayelsa State’s economy.
This high catalytic project according to Alazigha is expected to produce 5,000 metric tons of methanol per day, 2,200 metric tons per day of Ammonia and 7,700 metric tons per day of urea for domestic and export markets.
“This project will ensure availability of high-grade fertilizer for farmers throughout the planting season and meet 25 per cent of the country’s projected annual domestic demand of 10 million metric tons and the BDIC is to take up a 10 per cent equity stake in the project”, he said.
Other achievements as listed by the BDIC boss include, the $300 million Liquefied Petrochemical Gas project at Agge with a projected turnover of $100 million, with capacity to produce butane or cooking gas.
The BDIC is a special purpose vehicle and strategic enabler of market driven development which could also be a fall back option in times of national or global financial crisis and emergency.
Currently with an asset base of over $1.2 billion, he said the government leverages on private sector funds and expertise to grow wealth for the state and insulate the economy from oil price volatility.
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FG, Ogun Distribute Inputs To 2,400 Farmers
Federal Government and the Ogun State Government, on Wednesday, distributed farm inputs to farmers as part of effort to address food security challenge.
The State Director, Federal Ministry of Agriculture and Food Security, Dr. Toyin Ayo-Ajayi, during the flag-off ceremony of Inputs Redemption Under The National Agricultural Growth Scheme-Agro Pocket (NAGS-AP), in Ogun State, disclosed that beneficiaries of the gesture were primarily rice, maize and cassava farmers across the State.
Ayo-Ajayi commended the Ogun State Government for partnering with the government at the centre for the effort in supporting farmers with inputs that would bring about yieldings for local consumption and likely exportation.
She noted that government is supporting rice, cassava and maize farmers with inputs worth N212,000; N189,000 and N186,000 respectively.
The Permanent Secretary in the State Ministry of Agriculture, Mrs Kehinde Jokotoye, who represented the Commissioner in the Ministry, Bolu Owotomo, stated that traditional farmers are critical in food production, hence the need to encourage and support them with inputs that would bring about desired results during harvesting.
Owotomo said: “Let us make good use of this opportunity, so that the success of this phase will make farmers benefit more from the state and federal governments of Nigeria.”
Earlier, State Coordinator, Federal Ministry of Agriculture and Food Security, Dr. Oluwatoyin Ayo-Ajayi, appreciated the present administration for partnering with the federal government for the initiative, adding that the programme is designed to support farmers at the grassroots level in cassava, rice and maize with inputs such as, seeds, pesticides, herbicides and fertilizers, to boost their production and enhance their livelihood.
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