President Muhammadu Buhari has ordered a reduction in the price of fertilizers from N5,500 to N5000 per bag for NPKs.
The Vice-Chairman of the National Food Security Council and the Governor of Kebbi State, Atiku Bagudu the announcement during a State House briefing to reporters in Abuja after the council met with the Chief of Staff to the President, Professor Ibrahim Gambari on Tuesday, September 22.
He said the President Buhari administration had decided to reduce the price of fertilisers in the country is to help ensure food security in the country, though the Kebbi State Governor did note that at the moment they are having an issue at accessing one of the key raw materials for the production of fertilisers “Urea”.
“You are a living witness to the trend in the country. Before the program, fertilizer was sold for between N8,000 to N12,000 in 2016 and when we started the Presidential Fertilizer Initiative, it was brought down to N5,500 that is the NPK and this has been the trend for three years and now the president decided to reduce it by another N500.
“So, you can sell fertilizer at N5000 to the farmers and the factory price at N4,500. This has been going on, but we have a problem with one of our key raw materials, urea that is being supplied by Indorama out of Port Harcourt.”
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