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 Revenue Increases By 343% To N160bn       The Nigeria Sovereign Investment Authority, manager of Nigeria’s sovereign wealth fund, on Tuesday announced its audited results for 2020 financial year, reflecting a 343 per cent growth in income to N160bn. It said this was disclosed in its Audited...

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,...

Sokoto State Govt Lays $13m Fertiliser Plant Foundation       Governor Aminu Waziri Tambuwal of Sokoto State has reiterated that the state is ready to support investments capable of developing the economic wellbeing of the people and uplift them from poverty. Tambuwal said this at the groundbreaking ceremony...