The Federal Government plans to slash the price of Nitrogen, Phosphorus and Potassium (NPK) fertiliser to N5, 000 per bag to encourage farmers to boost agricultural production in the country.

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who made this known to newsmen in Abuja, said the plan is to make food production easier and enhance profit for farmers in the country.

The minister said the government would take delivery of the first shipment of 800, 000 tonnes of NPK fertiliser from Morocco by January 27.

According to him, government wants the blending to take place everywhere in the country so that farmers can have access to fertiliser at the lowest possible cost.

A bag of NPK costs between N7, 500 and N9, 000 in the open market. But with the first shipment of phosphate from Morocco expected to arrive today in Lagos and then the blending done here, Ogbe said: “We are bringing the price of fertiliser to N5, 000 per bag.”

He explained that the government wants to ensure that every blender in the country who has the capacity will blend. “If we can bring the prices of fertiliser to N5, 000 per bag, food production will become easier and farmers will enhance their profit,” the Minister said.

He said this was why the King of Morocco (Mohammed VI) came to Nigeria and the reason why President Muhammadu Buhari visited Morocco. “The target we have is about 800,000 tonnes of fertiliser per annum from Morocco, but the problem we have is that we do not only satisfy Nigerians, our neighbours always come in and take a bit,” Ogbe said.

While noting that Nigeria cannot deny her neighbours entirely, he said “we have to satisfy ourselves first.’’

It would be recalled that indigenous conglomerate Dangote Group and the OCP Group of Morocco had in December 2016 signed an agreement to import more than two million tonnes of customised fertiliser into Nigeria.

The agreement was meant to boost fertiliser production and businesses in the country within the next three years.

The OCP Group is said to be a global leader in the phosphate and phosphate derivatives market.

http://www.kikiotolu.com/2017/01/fg-to-slash-fertiliser-price-to-boost.html

Lalasticlala Mynd44 seun Dominique

Highly recommendable

FG to
FG will
FG about to
FG is going to


When are we going to start hearing "FG commences..."?

Note : I'm not talking of FG commences recession

Nice move at least.

But one question;: why did FG stop the fertiliser subsidy when they came in fresh and now doing what they could have done initially.

I think Nigeria is in this Economic poo cos of indecisive decisions this administration is trademarked for.

I pray God grant those at the helm of affair wisdom to lead us right.

We hope is not done in media this government and their lies

Good move!

for paper farmers.

For over 2 years, federal government to , federal government to. APC government is so useless and shameful.

FG to do this, FG to do that....two years gone already

Good move

Ok gud to hear this,hope some group of business men wil not hide this again

They should also be importing small and medium scale machines and sell to Nigerians at subsidized rate
Most people want to buy small scale machines but getting scared of chinese fraudstars

don't ever give a Bleep

a step in the right direction.

Slash import duties on cars so Nigerians can once again afford to buy vehicles. But this Government is dead to the struggles of the average man.

Ridiculous.

Until it is bought at the reduced price, it is mere talk.

Federal govt. to.
Federal government will.
Federal government may
Federal government can
This federal government has no action at all.
They need overhaul, serious one

Distribution to the real end user... The main farmer is the problem!

every year story

bettercreature:
They should also be importing small machines and sell to Nigerians at subsidized rate
Most people want to buy small scale machines but getting scared of chinese fraudstars

That is a good suggestion.

Ol

seankay:
FG to
FG will
FG about to
FG is going to


When are we going to start hearing "FG commences..."?

Note : I'm not talking of FG commences recession

seankay:
FG to
FG will
FG about to
FG is going to


When are we going to start hearing "FG commences..."?

Note : I'm not talking of FG commences recession

I was about to comment on this! They are fond of putting everything on hold via their comments.

FG want to
FG is planning to

It is well ooo

Plan? Why not just go ahead and do it!!!

Okay una too talk make una work and talk less

aloziedaya:
Federal govt. to.
Federal government will.
Federal government may
Federal government can
This federal government has no action at all.
They need overhaul, serious one

Brought to u live by Dangote. As usual.

Scatterscatter:
Nice move at least.

But one question;: why did FG stop the fertiliser subsidy when they came in fresh and now doing what they could have done initially.

I think Nigeria is in this Economic poo cos of indecisive decisions this administration is trademarked for.

I pray God grant those at the helm of affair wisdom to lead us right.

FG stopped subsidy on fertilizer to sanitize the system and ensure fertilizer does not fall in to the hands of terrorist/militants who can easily use it to make bomb/explosives.

Scatterscatter:
Nice move at least.

But one question;: why did FG stop the fertiliser subsidy when they came in fresh and now doing what they could have done initially.

I think Nigeria is in this Economic poo cos of indecisive decisions this administration is trademarked for.

I pray God grant those at the helm of affair wisdom to lead us right.

Good question bro. But ming you, the previous government subsidised the fertilizer and refused to pay the contractors, accumulated N65b debt to this present government. If you were in their shoe what will you do?

http://www.vanguardngr.com/2016/09/jonathans-govt-left-n65bn-fertiliser-debt-presidency/

http://breaking.com.ng/nigeria/fgn-pays-n65bn-fertilizer-debt-incured-by-jonathans-administration/