--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20240325-british-international-investment-to-fund-indoramas-expansion-in-nigeria-british-international-investment-to-fund-indoramas-expansion-in-nigeria/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # British International Investment to fund Indorama’s expansion in Nigeria Publication Date: 2024-03-25T19:30:31-04:00 Last Updated: 2024-03-25T17:59:23-04:00 Author: Editors (https://www.fertilizerdaily.com/author/fertilizereditors/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Agricultural Corn produce](https://www.fertilizerdaily.com/wp-content/uploads/2024/03/agricultural-corn-produce-stockpack-istock-scaled-e1711389454341.jpg) BII has committed $65mn to Indorama Eleme Fertilizer and Chemicals to support global food security. British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has pledged $65mn to support Indorama Eleme Fertilizer and Chemicals’ expansion plans in Nigeria. The investment is part of a $1.25bn financing package that will allow Indorama, Sub-Saharan Africa’s leading fertilizer producer, to augment its production of agrochemicals and construct a new export terminal in Port Harcourt. BII said the investment was made through an International Finance Corporation-led consortium that includes commercial banks, impact investors and other DFIs. This was BII’s fourth investment in Indorama since 2013, and betokens the DFI’s longstanding commitment to strengthening value chains in Nigeria’s agricultural sector and increasing the country’s export potential. Indorama’s two operational urea fertilizer lines currently serve Nigeria’s domestic market. The investment will fund the development of the company’s third nitrogenous urea fertilizer production line, which is expected to increase its annual capacity to 1.4 million tonnes. BII noted that Nigeria’s economy has historically relied heavily on revenue from the oil and gas sector, making it vulnerable to external shocks and the price volatility of commodities. BII said that by supporting Indorama’s expansion, it aims to accelerate Nigeria’s economic diversification and expedite the realization of the country’s National Development Plan. Tags: [British International Investment](https://www.fertilizerdaily.com/tag/british-international-investment/), [food security](https://www.fertilizerdaily.com/tag/food-security/), [Indorama Eleme Fertilizer Chemicals](https://www.fertilizerdaily.com/tag/indorama-eleme-fertilizer-chemicals/), [Nigeria](https://www.fertilizerdaily.com/tag/nigeria/), [Port Harcourt](https://www.fertilizerdaily.com/tag/port-harcourt/), [UK Development Finance Institution](https://www.fertilizerdaily.com/tag/uk-development-finance-institution/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.