By Abdallah el-Kurebe
Sokoto—The proposed Sokoto Organic Fertiliser Plant is scheduled to begin production in December, officials overseeing the establishment of the factory have said.
This is just as the state government signed a Memorandum of Understanding, MoU, to formalise documentation of its 40 percent stake in the company, while IML Ltd., a consortium of private local investors, will hold 60 percent equity stake in the company, estimated to produce 15,000 metric tonnes of fertilisers on completion.
The Managing Director of Sokoto Investment Company, Alhaji Aliyu Bala, said the construction of the plant had been completed, while finishing touches were being put on auxiliary structures that would support the main plant.
According to him, “signing of the MoU is an important step in realising the objectives of setting up of the plant. If you recall, the State Executive Council recently gave approval for us to acquire equity share in the company and hold same in trust on behalf of the people of Sokoto State.
“When it comes fully on stream, this factory will create direct and indirect jobs to almost 20,000 people. It will provide job opportunities to both skilled and unskilled professionals, thereby reducing unemployment in the state.”