NSIA: Presidential initiative yields 30 million bags of fertilizers in four years


Nigeria has produced 30 million bags of 50 kg fertilizers under the Presidential Fertilizer Initiative since 2017, the Nigeria Sovereign Investment Authority (NSIA) has said.

The PFI has also facilitated an increase in the number of participating blending plants also increased to forty-four from less than seven at inception, the

NSIA said in its 2020 audited financial results published last week.

Amidst effort to resuscitate Nigeria’s moribund fertilizer blending plants in order to boost local production, food production and as well achieve food security targets, President Muhammadu Buhari announced the commencement of the PFI on December 14 during his 2017 Budget presentation.

This came to fruition following the two-day visit of the King of Morocco, Mohammed VI, to Nigeria on December 2, 2016, of which several agreements were endorsed by the two leaders.

One of these agreements was conceived as a partnership between the Fertiliser Producers and Suppliers of Nigeria (FEPSAN) and OCP, a state-owned Moroccan company and a world leader in phosphate production and its derivatives.

By implication, the OCP would supply discounted phosphate to Nigeria, so as to help boost the domestic blending of Nitrogen, Phosphorus and Potassium (NPK) fertiliser in the form of NPK 20:10:10, starting in 2017.

According to the PFI guidelines, the goal is to achieve the local production of one million metric tonnes of blended Nitrogen, Phosphorus and Potassium (NPK) Fertiliser for the 2017 wet season farming, and an additional 500,000 metric tonnes for dry season farming.

By February 4, 2017, the first shipment of potash arrived in Nigeria from Europe, while the second shipment arrived early March.

While Nigeria has recorded progress in boosting the production of affordable fertilizer necessary for agriculture activities through the PFI program under the watch of the NSIA, efforts to increase the supply and reduce cost of the commodity were in some cases truncated by middlemen.

By implication, a large chunk of farmers across the country lamented that they could not access or purchase the products at the government-approved rates.

While this subsists, checks by newsmen revealed that Nigeria’s fertilizer value chain through the PFI initiative has witnessed significant restructuring, different from what it used to be before.

The NSIA said its involvement in the next phase of the PFI will be reduced, as more of the responsibilities of the sector would be transferred to the approved fertilizer blenders who will be operating based on the enshrined guidelines of the initiative.

“…Completed restructuring of the PFI, the Authority embarks on the next phase of PFI, which substantially reduces NSIA’s involvement and transfers more of the responsibility to the fertilizer blenders,” NSIA said.

Also, it noted that the NSIA implementation company for the PFI –NAIC-NPK, has been spun off to the Ministry of Finance Incorporated (MoFI), hence it is shown from 2020 as discontinued operation on NSIA’s financial statements.

By this recent development, experts along the fertilizer value chain stated that there’s likely to be a significant hike in the prices of fertilizer this year different from the price it was sold in the previous years under the PFI as the wet season commences.

“Fertilizer would be available this year, but it will be more expensive,” a source familiar with the development who asked not to be mentioned said.

The year 2019 was the third full year of implementing the PFI with about 6.5 million 50kg bags of NPK 20:10:10 delivered, bringing total delivered products to 20 million 50KG bags of NPK 20:10:10 since inception of the program in 2017.

Approved fertilizer blending plants and locations so far

S/N Selected Blenders Location Year of inclusion Capacity
1 Akwa-Ibom Fertilizer (Greenwell Technologies) Akwa Ibom 2018 73440
2 Albarka Fertilizer Kebbi 2019 82080
3 Alelawa Fertilizer Sokoto 2018 47520
4 Al-yuma Fertilizer Kano 2017 190080
5 Al-yuma Fertilizer (Zamfara) Zamfara 2018 115200
6 Barbedos Limited Kaduna 2020 194400
7 Bauchi Fertilizer Company Bauchi 2018
8 BE JAFTA Group Nigeria Jos 2017
9 Benue Organic Fertilizer (SORA) Benue 2018 95040
10 Citizens Fertilizer Kano 2018 69120
11 Continental Fertilizer Co Ltd Kano 2021
12 Crystalizer Nigeria Limited Niger 2021
13 Ebonyi State Fertilizer Ebonyi 2017 95040
14 Edo State Fertilizer (WACOT) Edo 2017 17280
15 Enar Suhura Nasarawa 2021
16 Fertilizers & Chemical Kaduna 2017 276480
17 Funtua Fertilizer Katsina 2017 125280
18 Golden Fertilizer Lagos 2017 544320
19 Golden Fertilizer (Kaduna) Lagos 2018 57600
20 Gobaru Agro Allied Limited Katsina 2021
21 Greentide Agro Limited Katsina 2020 181440
22 Hamdala Fertilizer Kano 2020 155520
23 Jargaba Fertilizer Katsina 2020 116640
24 J Marine Logistics Limited Niger 2021
25 KASCO Kano 2017 190080
26 Kwandare Fertilizers Nasarawa 2021
27 Linkside Elhtatt Limited Kaduna 2021
28 Malam Alu Agro Jigawa 2020 90720
29 Matrix Fertilizer Kaduna 2019 120960
30 MFB Fertilizer Kaduna 2017 51840
31 Morris Limited Niger 2017 246240
32 Notore Chemical River 2019 86400
33 Premium Agro Lagos 2020 302400
34 Savannah Fertilizer Niger 2019 60480
35 Shenzhen Global Limited Kano 2021
36 Space Age Continental Nasarawa 2021
37 Superphosphate Fertilizers Kaduna 2017 108000
38 TAK Agro Ajaokuta Kogi 2020 272160
39 TAK Gombe Gombe 2021
40 Waraka Fertilizer Kano 2021
41 ZAM Agrochemicals Zamfara 2020
42 Zaria Fertilizer Kaduna 2020 86400
Get more stories like this on Twitter





Read from the Source link

(Visited 1 times, 1 visits today)

About The Author

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *