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Leveraging fertiliser initiative to check inflation, forex savings

NSIA, Uche Orji
Unlike in advanced nations where some level of inflation is tolerable to stimulate economic activities, Nigeria’s inflationary trend is detrimental to its growth due to structural deficiency, logistic problems, and insecurity among others. Many of the factors that have fuelled Nigeria’s rising inflation are not showing any signs of receding in the short term. Combined with a revenue problem, the need for government to boost local food production spurred the implementation of the Presidential Fertiliser Initiative (PFI). FEMI ADEKOYA writes on progress made thus far.
To conserve foreign exchange, the Central Bank of Nigeria (CBN) placed some products on restriction, while urging many businesses to embrace import substitution. ....

Akwa Ibom State , Akwa Ibom , Abuja Federal Capital Territory , Jigawa State , Thomas Etuh , Muhammadu Buhari , Mohammed Abubakar Badaru , Uche Orji , Central Bank , National Planning , University Mohamed Vi Polytechnic , Group Of Morocco , Nigeria National Petroleum Corporation , Nigerian Presidential Fertiliser Initiative , Gas Aggregation Company Nigeria , Ministry Of Finance Budget , Petroleum Resources Timipre Sylva , Nigerian National Petroleum Corporation , Ministry Of Finance Incorporated , Suppliers Association Of Nigeria , Presidential Fertiliser Initiative , Nigerian Sovereign Investment Authority , Ministry Of Agriculture , Rural Development , Venture Company , Nigeria Sovereign Investment Authority ,

Breaking News | Leveraging Fertiliser Initiative To Check Inflation, Forex Savings

NSIA, Uche Orji
Unlike in advanced nations where some level of inflation is tolerable to stimulate economic activities, Nigeria’s inflationary trend is detrimental to its growth due to structural deficiency, logistic problems, and insecurity among others. Many of the factors that have fuelled Nigeria’s rising inflation are not showing any signs of receding in the short term. Combined with a revenue problem, the need for government to boost local food production spurred the implementation of the Presidential Fertiliser Initiative (PFI). FEMI ADEKOYA writes on progress made thus far. To conserve foreign exchange, the Central Bank of Nigeria (CBN) placed some products on restriction, while urging many businesses to embrace import substitution. ....

Akwa Ibom State , Akwa Ibom , Abuja Federal Capital Territory , Jigawa State , Thomas Etuh , Muhammadu Buhari , Mohammed Abubakar Badaru , Uche Orji , Central Bank , National Planning , University Mohamed Vi Polytechnic , Group Of Morocco , Nigeria National Petroleum Corporation , Nigerian Presidential Fertiliser Initiative , Gas Aggregation Company Nigeria , Ministry Of Finance Budget , Petroleum Resources Timipre Sylva , Nigerian National Petroleum Corporation , Ministry Of Finance Incorporated , Suppliers Association Of Nigeria , Presidential Fertiliser Initiative , Nigerian Sovereign Investment Authority , Ministry Of Agriculture , Rural Development , Venture Company , Nigeria Sovereign Investment Authority ,

EXCLUSIVE: Buhari deploys EFCC operatives to fertilizer companies

The president seeks to check fraudulent activities undermining the implementation of the presidential fertiliser initiative. ....

Muhammadu Buhari , Ibrahim Gambari , Financial Crimes Commission , Pt Mag Campaign , Suppliers Association Of Nigeria , Bejafta Group Nigeria , Bauchi Fertilizer Company , Presidential Fertilizer Initiative , Nigeria Sovereign Investment Authority , Fertilizer Producers , Suppliers Association , Bejafta Group Nigeria Limited , Call Willie , நிதி குற்றங்கள் தரகு , ட் மாக் பிரச்சாரம் , சப்ளையர்கள் சங்கம் ஆஃப் நைஜீரியா , ப்ரெஸிடெந்ஶியல் உரம் முயற்சி , நைஜீரியா இறையாண்மை முதலீடு அதிகாரம் , உரம் ப்ரொட்யூஸர்ஸ் , சப்ளையர்கள் சங்கம் , அழைப்பு வில்லி ,

EXCLUSIVE: Buhari deploys EFCC operatives to fertiliser companies

EXCLUSIVE: Buhari deploys EFCC operatives to fertiliser companies
The president seeks to check fraudulent activities undermining the implementation of the presidential fertiliser initiative.
President Muhammadu Buhari has approved the deployment of operatives of the
Economic and Financial Crimes Commission (EFCC) to check the fraudulent activities undermining the implementation of the Presidential Fertiliser Initiative (PFI).
This directive was communicated via an internal memo by the Chief of Staff to the president, Ibrahim Gambari, on Tuesday.
“Kindly note that Mr president has directed the deployment of EFCC operatives to work with the Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) monitoring team to control all criminal activities undermining the implementation of the PFI,” Mr Gambari said, according to the letter exclusively obtained by PREMIUM TIMES. ....

Muhammadu Buhari , Ibrahim Gambari , Financial Crimes Commission , Pt Mag Campaign , Suppliers Association Of Nigeria , Presidential Fertiliser Initiative , Bejafta Group Nigeria , Bauchi Fertiliser Company , Nigeria Sovereign Investment Authority , Fertiliser Producers , Suppliers Association , Bejafta Group Nigeria Limited , Call Willie , நிதி குற்றங்கள் தரகு , ட் மாக் பிரச்சாரம் , சப்ளையர்கள் சங்கம் ஆஃப் நைஜீரியா , ப்ரெஸிடெந்ஶியல் உரம் முயற்சி , நைஜீரியா இறையாண்மை முதலீடு அதிகாரம் , உரம் ப்ரொட்யூஸர்ஸ் , சப்ளையர்கள் சங்கம் , அழைப்பு வில்லி ,

NSIA achieves $350m forex savings, creates 250,000 jobs

NSIA achieves $350m forex savings, creates 250,000 jobs
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Jigawa State , Thomas Etuh , Muhammadu Buhari , Mohammed Abubakar Badaru , Uche Orji , Suppliers Association Of Nigeria , Presidential Fertiliser Initiative , Nigerian Sovereign Investment Authority , Central Bank , National Planning , Ministry Of Agriculture , Rural Development , Managing Director , Chief Executive Officer , President Muhammadu Buhari , Federal Government , Fertiliser Producers , Suppliers Association , Federal Ministry , சப்ளையர்கள் சங்கம் ஆஃப் நைஜீரியா , ப்ரெஸிடெந்ஶியல் உரம் முயற்சி , நைஜீரியன் இறையாண்மை முதலீடு அதிகாரம் , மைய வங்கி , தேசிய திட்டமிடல் , கிராமப்புற வளர்ச்சி , நிர்வகித்தல் இயக்குனர் ,