Nigeria to become net exporter of fertilizer in 2 years

Nigeria to become net exporter of fertilizer in 2 years

- Nigeria is likely to begin exportation of fertilizers

- The country is said to have begun exportation to border nations like Chad, Niger Republic, Benin Republic, among many others

- Local production of fertilizer increased from 500,000 metric tonnes pre-2015 to two million in 2018

Various indications showed that Nigeria might be on the path of becoming the net exporter of fertilizer within the next two years.

The possibility was announced by the chairman of the Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN), Thomas Etuh.

Etuh said Nigeria is currently selling agro input to Benin Republic, Chad, Cameroon and Niger Republic.

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In a statement, the FEPSAN chairman said the expand will help restore Nigeria's position as the food basket of the West African sub region. He said the export opportunity would be made possible through the increased local production of fertilizer from 500,000 metric tonnes pre-2015 to two million in 2018.

“Before the conceptualization and activation of the PFI, we had a situation where there were 32 fertilizer blending plants in Nigeria that were moribund. Out of this number, only five blending plants were functional and even then, they were producing at 10 percent capacity on the average and that was because of excessive emphases on importation.

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"This also meant, by its very implication, that we were exporting our jobs even when we cannot provide jobs here in Nigeria. Foreign Exchange that is scarce is spent building other people’s economies," Etuh said.

Legit.ng earlier reported that Nigeria's agricultural sector is set to benefit from the federal government's plan to set up a nuclear research center.

An agriculturist, Ijeoma Njimezi, said that besides serving as an eco-friendly means of generating electricity, nuclear technologies, which the proposed research center would offer, it could be adapted into different areas of agriculture.

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Njimezi said this would include insect control, food preservation and increasing crop yield.

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Source: Legit.ng

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