Nigeria’s Fertilizer Consumption Rose By 63% In 2017
Nigeria has been bullish on fertilizer production since the past 5 years, investing massively in several local production plants across the country.
This has resulted in increased consumption, and this hasn’t escaped international attention.
A new report released by the International Fertilizer Development Centre, IFDC in collaboration with the Food and Agricultural Organisation, FAO and other international agencies, has shown that fertilizer uptake by Nigerian farmers increased by 63% in 2017, rising from 959,364 metric tonnes in 2016 to 1,564,816 metric tonnes.
In contrast, Ghana recorded an 82% increase in fertilizer consumption, although unlike Nigeria that has totally eliminated subsidy from the system, Ghana’s increased consumption was driven by a spike in government subsidy programmes, the report stated.
The report, which also noted the increase in the exportation of Urea by Nigeria, stated that exports in the area increased from 329,630 metric tonnes in 2016 to 659,603mt in 2017, with over 50% of the product going to Brazil.
It also highlighted some of the achievements being recorded in agriculture through the Presidential Fertiliser Initiative, PFI and hinged the fertilizer growth enablers on the revival of blending plants with the active support of the Central Bank of Nigeria and other agencies of the government.
It also quoted a member of the Fertilizer Producers and Suppliers Association of Nigeria, Mr Gideon Negedu, as saying the industry in the country was targeting to produce more than one million metric tonnes of blended NPK fertilizer this year, adding that with increase in crop yield in mind, players had agreed to the introduction of more critical micro nutrients in fertilizer blending for the 2018 PFI programme.
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