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Multi-Billion Naira Fertilizer Plant Opens in Plateau State, Boosting Nigeria’s Agricultural Productivity

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Fertilizer

Plateau State, Nigeria – A major step towards agricultural advancement has been taken with the official commissioning of the Plateau Duncan Fertilizer Company, a multi-billion naira state-of-the-art facility located in Larwin Heipang, Barkin Ladi Local Government Area. This modern plant promises to serve farmers not only within the middle belt region of Nigeria but also across the country.

Commitment to Quality and Food Security

Dr. Godfrey Bawa Shitgurum, Chairman/Chief Executive Officer of Plateau Duncan Fertilizer Company Limited, assured farmers and citizens of Plateau State of the company’s unwavering dedication to producing high-quality fertilizers. He emphasized the vision behind establishing the plant:

“Achieving sustainable agriculture to meet society’s food needs without compromising standard informed the vision of establishing the company, knowing fully well that Plateau State and other neighboring states comprised a huge agrarian population.”

A Public-Private Partnership for Progress

The Plateau Duncan Fertilizer Company is a Public Private Partnership (PPP) between the Plateau State Government and Oil and Chemical International (OCI) Limited, a subsidiary of the Duncan Group. This collaboration, formed in August 2016, aims to establish and operate a modern NPK Fertilizer blending plant. The ultimate goal is to enhance food security by boosting the productivity of farmers in Plateau State and beyond.

Skilled Workforce and Government Support

Dr. Godfrey highlighted the company’s skilled and dedicated team of professionals managing the facility. He also noted their participation in the Federal Government’s Presidential Fertilizer initiative, providing fertilizers to farmers at subsidized rates.

Senator Rochas Okorocha, who chaired the commissioning ceremony, praised the project, acknowledging Plateau State’s significant agricultural potential. He expressed his belief that the plant would not only revolutionize agriculture but also create numerous livelihood opportunities. He urged the community to safeguard this valuable investment and called on all levels of government to prioritize agriculture and education for the nation’s prosperity.

Governor Caleb Mutfwang, represented by the Commissioner of Agriculture, Hon. Samson Ishaku Bugama, commended the project and reaffirmed Plateau State’s position as the “food haven of Nigeria.” He pledged the government’s continued support to ensure the plant’s success in serving farmers both within the state and across the nation.

A Beacon of Hope for Food Security

Representatives from the Ministry of Agriculture and Food Security, the Gbong Gwom Jos and Gwom Rwey of Heipang, the Plateau State Commissioner of Commerce, and other dignitaries all applauded the establishment of the plant. They recognized its potential to generate employment, alleviate poverty, and address the critical challenge of food security by producing high-quality fertilizer.

The opening of the Plateau Duncan Fertilizer Company marks a significant milestone for Nigeria’s agricultural sector. This modern facility, combined with skilled personnel and dedicated government support, promises to be a driving force in enhancing food production and ensuring a brighter future for farmers and the nation as a whole.

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Dr. Lucas Durojaiye Leads Nigerian Delegation in 3-Day Working Visit to ECOWAS Insurance Secretariat

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The Chairman of the Nigerian National Bureau and Managing Director/CEO of Sovereign Trust Insurance PLC, Dr. Lucas Durojaiye, has led a high-powered Nigerian delegation on a three-day working visit to the Permanent Secretariat of the ECOWAS Brown Card Insurance Scheme.

The visit provided a platform for high-level discussions aimed at strengthening the regional motor insurance framework, accelerating digital transformation, and optimizing claims management to facilitate the seamless movement of people, goods, and services across West Africa.

During the engagement, delegates focused on key strategic priorities to enhance the Scheme’s overall efficiency:

 Digital Transformation & Operations: Modernizing the claims management system and leveraging technology to boost operational speed and transparency.

 Institutional Cooperation: Deepening relations between individual Member Bureaux and the Permanent Secretariat to ensure unified execution across member states.

 Regional Integration: Aligning insurance frameworks to directly support the free movement of citizens and cross-border trade throughout the ECOWAS community.

The Permanent Secretariat commended Dr. Durojaiye and the Nigerian delegation for their proactive leadership and unwavering commitment to the Scheme’s institutional goals. Both parties reaffirmed the necessity of regular consultation among Member Bureaux as the framework undergoes its ongoing modernizing push.

About the ECOWAS Brown Card Insurance Scheme

The ECOWAS Brown Card Insurance Scheme serves as the official regional motor vehicle insurance coverage framework across West Africa, facilitating safe, legal, and seamlessly insured cross-border travel for motorists within member states.

The post Dr. Lucas Durojaiye Leads Nigerian Delegation in 3-Day Working Visit to ECOWAS Insurance Secretariat appeared first on Business Today NG.

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Shareholders Fault MediPlan Over REPRU’s Recapitalization Failure

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BY NKECHI NAECHE-ESEZOBOR—Shareholders of Royal Exchange Plc have frowned at the inability of MediPlan Healthcare Limited to recapitalised Royal Exchange Prudential Life Assurance Company Limited (REPRU, during the capital injection requirements mandated by the National Insurance Commission (NAICOM).

The shareholders in an exclusive chat with BusinessTodayNG noted that MediPlan intentionally defaulted.

NAICOM revoked REPRU’s operational license on August 4, 2026, directly resulting from the missed deadline. The regulatory body subsequently appointed Receiver and Temporary Liquidator to oversee the entity’s winding-down process.

​Detailing the background of the transaction, the shareholders noted that Royal Exchange Plc had divested REPRU to MediPlan in 2022. However, in addition to defaulting on its recapitalisation obligations, MediPlan failed to fulfill all other terms of the Share Sale Agreement and subsequently refused to return the business to Royal Exchange Plc as contractually required upon default.

​In a bid to rescue the firm prior to the regulatory action, Royal Exchange Plc obtained approval from its shareholders in July 2026 to reacquire and recapitalise REPRU.

The initiative was aimed at ensuring full regulatory compliance, safeguarding policyholders’ interests, and preserving shareholder value.

​The shareholders reaffirmed that Royal Exchange Plc remains firmly committed to maintaining high standards of corporate governance and regulatory compliance.

The post Shareholders Fault MediPlan Over REPRU’s Recapitalization Failure appeared first on Business Today NG.

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