President Muhammadu Buhari has ordered the reduction of the cost of fertilizer from N5,500 to N5,000 naira per bag.
Vice Chairman of the National Food Security Council and the Governor of Kebbi State, Atiku Bagudu made the announcement while briefing State House 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 Federal Government’s decision to reduce the price was to ensure food security in the country.
Bagudu said;
“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
No comments:
Post a Comment
Disclaimer
Comments And Opinions On Any Part Of This Website Are Opinions Of The Writers Or Anonymous Persons And They Do Not Represent The Opinions Of Ella's Media
Pictures and culled stories posted on this site will be given due credit and is not the fault of Ella's Media if they are NOT given original credit from website culled from.
N:B. If you have a complain or story, please contact Ella's Media via nuellaopeters@gmail.com or +2348068124206