THE VICE President, Prof. Yemi Osinbajo, has commissioned the Edo
Fertilizer and Chemical Company Limited, Auchi, a public private
partnership between the state government and WACOT Limited, which
has the capacity to produce about 60,000 metric tonnes of fertilizer per
annum.
The Vice President who was accompanied by the Ministers of
Agriculture and Rural Development, Chief Audu Ogbeh; and Industry,
Trade and Investment, Dr. Okechukwu Enelamah, commended the
foresight of the Edo State Governor, Mr Godwin Obaseki, for creating
the enabling business environment which saw to the revitalization of the
fertilizer plant which had been non-functional for about 14 years.
Osinbajo commended WACOT for its foray in the agricultural sector
especially in agro-processing, and stated that the Buhari administration
takes the private sector seriously. “We believe that government resources
cannot bring about the rapid roll out we need, especially in the areas of
infrastructure and industrial development. It is the private sector that can
do so. We are therefore committed to making it easy for businessmen to
invest and do business everywhere in Nigeria” he said.
He commended Governor Obaseki for creating an enabling
environment for the private sector to invest.
“I must hasten to congratulate the dynamic and far-sighted Governor,
as well as the great people of Edo State, on this great achievement. Not
only will this boost the local economy, it will also impact the national
economy in a significant way. It is therefore a gift from Edo State to our
great country”.
In his remarks, Governor Obaseki said that the aim of revitalizing the
plant was to make the state self-sufficient in food production and enable
farmers get fertilizer at affordable prices.
Group Managing Director of TGI Group – parent company of WACOT
Limited, Mr. Rahul Savara in his remarks, stated that the cornerstone of
the partnership with the Edo State Government on the fertilizer plant was
the Presidential Fertilizer Initiative executed by the Nigerian Sovereign
Investment Agency, the policy thrust of Governor Obaseki and support
from Fertilizer Producers Association of Nigeria (FEPSAN) among others.
Speaking on the Group’s continuous investment in the agricultural
sector, Mr. Savara stated that ‘we are strongly committed to the
administration’s vision of attaining food self-sufficiency and economic
prosperity through agriculture. And we have backed this commitment
with action through continuous significant investments and interventions
targeted at various agricultural value chains”.
Also commenting at the event, Mr. Ujwal Senapati, Managing Director
of WACOT Limited said “we will continue to deliver quality agricultural
inputs at affordable prices to farmers, and in the near future, we will
locally blend crop-specific fertilizer for a diverse range of crops”.
WACOT Limited is a market leader in agro-processing, production and
distribution of agricultural inputs including certified seeds, fertilizers,
pesticides and other products.

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