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NSIA: $350m Saved from Presidential Fertiliser Initiative Implementation


By Dike Onwuamaeze
Over $350 million has been saved from the erstwhile payments on subsidy and import substitution through the implementation of the Presidential Fertiliser Initiative (PFI), the Nigerian Sovereign Investment Authority (NSIA) has said.
The Managing Director and Chief Executive Officer of NSIA, Mr. Uche Orji, in a statement yesterday said with the support of President Muhammadu Buhari, the programme had accomplished its principal objectives.
He said: “Having fulfilled the establishment, stabilisation and market discipline phase of PFI, the primary objective of which was to revive the blending plants and create a viable domestic blending industry, we believe the PFI should gradually evolve into the next phase, which is a tactical withdrawal of intervention in the industry and the emergence of a self-sufficient, sustainable, and efficiently operated market. ....

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Dissecting Buhari's Fertiliser Revolution


By Ajayi Wuyiwa
Nigeria is Africa’s largest country with the fastest growing population. Consequently, the nation’s food needs continue to rise. However, the increase in food production has not kept pace with population growth. This scenario is mirrored in the rising food imports and declining levels of national food self-sufficiency.
Clearly, one of the main factors undermining agricultural output is the general sub-optimal yield per hectare due to low fertilizer application among other factors. For decades, this has been the bane of the agricultural sector in Nigeria.
Curiously, the role of fertilizers in crop yields and agricultural productivity are usually underestimated by many. That’s why mineral fertilizers are used to supplement the soil’s nutrient stocks with minerals that can be quickly absorbed and used by crops. ....

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