FG flags off presidential initiative on fertilizer, targets 100,000 jobs

Advertisements

The Presidential Fertilizer Initiative of the Federal Government  produced  more than 4,000 metric tonnes of locally-blended fertilizer in the first week of operation. 

The Initiative was approved by President Muhammadu Buhari in December 2016, to achieve the local production of one million metric tonnes of blended Nitrogen, Phosphorous and Potassium (NPK) Fertilizer for the 2017 wet season farming. 

Prior to December 2016, Nigeria’s stock of blended Fertilizer was shipped into the country as fully-finished products, even though Urea and Limestone, which constitute roughly two-thirds of the component of each bag, are available locally. 

According to a statement issued by the Presidency, the objective of the Presidential Initiative is to procure the 4 constituent raw materials for NPK Fertilizer – locally-sourced Urea, locally-sourced Limestone granules (LSG), Diammonium Phosphate (DAP) imported from Morocco, and Muriate of Potash (MOP) sourced from Europe – and blend these locally to produce NPK Fertilizer at a much reduced cost. 

  The finished products will be delivered to Nigeria’s farmers at a starting price of about₦5,500 per bag, compared to the ₦8,000 -₦9,000 cost of imported fertilizer.
Advertisements