FG Announces New Price Of Fertilizer

The federal government of Nigeria under the leadership of President Muhammadu Buhari has ordered a cut down in the cost of fertilizer to ensure food security in the country

According to Atiku Bagudu, the vice-chairman of the National Food Security Council, in a statement issued on Tuesday, September 22, the development means a bag of fertilizer would now be sold at ₦5,000 against the former price of ₦5,500.

The Kebbis State Governor disclosed this yesterday while briefing State House newsmen in Abuja after the council met with the Chief of Staff to the President, Professor Ibrahim Gambari, Naija News understands.

His statement reads; “You are a living witness to the trend in the country. Before the program, fertilizer was sold for between ₦8,000 to N12,000 in 2016 and when we started the Presidential Fertilizer Initiative, it was brought down to ₦5,500 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 ₦4,500. 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.”

In another news, President Muhammadu Buhari led administration has threatened to suspend domestic flight operations over flagrant disregard for COVID-19 protocols.

Naija News Understands that the federal government said continued flouting of COVID-19 protocols will attract heavy penalties which includes cancellation of approval to resume domestic operations.