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

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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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Enterprise Life Assurance Meets Full Regulatory Capital Requirements, Boosts Liquidity

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BY NKECHI NAECHE-ESEZOBOR—Enterprise Life Assurance (Nigeria) Limited has announced the full remittance of its statutory deposit of N1 billion to the Central Bank of Nigeria (CBN), underscoring its robust financial health and compliance with regulatory mandates.

The Managing Director and Chief Executive Officer of the company, Nelson Akerele, disclosed this during a recent media briefing while addressing the firm’s capital positioning and compliance with the National Insurance Commission (NAICOM).

According to Akerele, Enterprise Life—which entered the Nigerian market approximately five years ago alongside peers like Heirs General and Heirs Life—has progressively built on its foundational capital structure to satisfy current regulatory thresholds.

“We started with ₦8 billion,” Akerele stated, recalling the company’s entry as one of the four entities licensed in that licensing wave. “What we have as a statutory deposit right now, as I speak, is ₦1 billion, which has been fully remitted to the designated account assigned to us.”

Beyond meeting the statutory deposit mandate, the Enterprise Life boss revealed that the company has fully satisfied its Minimum Capital Requirement (MCR).

He attributed this seamless compliance to a deliberate operational strategy that favors liquid assets over heavy fixed investments.

Unlike traditional players with massive capital tied up in real estate, Enterprise Life has maintained an agile, cash-ready balance sheet.

“We are not heavy in terms of buildings and all that; our assets are held in liquid form—in cash and cash equivalents,” Akerele emphasized. “We are an extremely liquid company.”

This cash-heavy asset strategy positions the insurer to promptly meet its obligations, match underwriting risks effectively, and settle policyholders’ claims without the delays often associated with liquidating physical property.

The announcement comes at a critical time when NAICOM continues to emphasize stricter solvency and liquidity management across the Nigerian insurance ecosystem to boost public confidence in the sector.

The post Enterprise Life Assurance Meets Full Regulatory Capital Requirements, Boosts Liquidity appeared first on Business Today NG.

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NITDA, Meta partner to strengthen youth online safety

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The National Information Technology Development Agency (NITDA) has partnered with Meta to promote responsible digital citizenship and protect young Nigerians online.

The Director-General of NITDA, Kashifu Inuwa, disclosed the partnership at the Youth Safety Summit organised by Meta on Thursday.

At the summit, held in Abuja, Meta, in partnership with NITDA and the Federal Ministry of Youth Development, also launched the Youth Online Safety Campaign and My Digital World 2.0.

The stakeholders at the summit, including government officials, civil society organisations, educators, and industry leaders, deliberated on strategies to create a safer digital environment for young people.

Represented by Ahmed Tambuwal, acting director of NITDA’s Digital Literacy and Capacity Building Department, Mr Inuwa said the agency remained committed to ensuring that young people enjoy safe, positive, and age-appropriate online experiences.

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He noted that NITDA’s ongoing nationwide digital literacy programmes would receive a significant boost through its collaboration with Meta, particularly in advancing online safety education among young Nigerians.

READ ALSO: NITDA enters pact with DAWN Commission to accelerate digital literacy in Southwest

According to him, the partnership seeks to integrate online safety education into the school system, equipping students with the knowledge, skills, and values required to use digital technologies safely, responsibly, and productively.

Stakeholders at the event emphasised the need for stronger collaboration among government agencies, technology companies, educators, and civil society groups to address emerging online risks and promote digital well-being among young people.

The initiatives are expected to enhance digital literacy, strengthen online safety awareness, and support efforts to create a more secure and inclusive digital ecosystem for Nigerian youths.

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