Get it on Google Play

FG Saves N55bn From Local Production Of Fertiliser

Updated Monday 11 September 2017 15:32
FG Saves N55bn From Local Production Of Fertiliser
The said amount is the whopping sum hitherto spent on foreign exchange from the N60 billion in budgetary provisions for fertilizer subsidy.

Did you know? You can comment on this post! Just scroll down

The PFI is being executed by the Nigeria Sovereign Investment Authority (NSIA) through a Special Purpose Vehicle that will roll out the one million tonnes of NPK Fertilizer in five batches of 200,000 metric tonnes each.

Also, the presidential aide said the 11 fertilizer blending plants in the country will be increased to 18 by the end of the year, which will in turn provide direct employment to no fewer than 50,000 Nigerians.

According to presidential aide Mallam Shehu: "The problem of the shortage of fertilizers and its attendant high cost plaguing the nation’s agricultural production, seemingly intractable for decades, have been resolved following the successful execution of the mandate of the PFI.

‘‘Since the implementation of the Initiative, the six million 50kg bags of NPK fertilizers were purchased by State governments and agro-dealers across the country”.

 

Article Posted 5 Years ago. You can post your own articles and it will be published for free. No Registration is required! But we review before publishing! Click here to get started

Love This? Share It!

One Favour Please! Subscribe To Our YouTube Channel!

468k

Cook Amazing Nigerian Dishes, Follow Adorable Kitchen YouTube Channel!

1.1m

Like us on Facebook, Follow on Twitter

React and Comment

Click Here To Hide More Posts Like This

Watch and Download Free Mobile Movies, Read entertainment news and reports, Download music and Upload your own For FREE. Submit Your Content to be published for you FREE! We thrive on user-submitted content! But we moderate!

Get it on Google Play
Attention
We use cookies to serve you better. We have to let you know this in accordance with EU laws. You accept our terms and conditions by using this platform. Please Click on the OK button below to hide this message