Fertiliser Imports Rise By 84% To N117bn
Despite various measures to encourage local production, a total of about N117 billion (or $247.91 million) was expended on fertiliser importation in the past year.
Fertiliser imports increased by $37.71 million in 2019 to $247.91 million last year, representing...
NSIA Saves N133bn On Fertilizer Subsidy
The Nigerian Sovereign Investment Authority (NSIA) has saved $350 million (about N133 billion) by cutting subsidy payments and import substitution after it began implementing the Presidential Fertilizer Initiative.
In a statement by the Authority, after four years of the PFI,...
