var adx_adsvr_adspace_id="3985"; var adx_adsvr_adspace_vAppRoot="https://ads.dochase.com/adx-dir-d/"; Nigeria registers five million farmers for fertiliser subsidy — Minister The Presidential Fertiliser Initiative aims to increase the access of Nigerian farmers to NPK fertiliser NPK 15 : 15 : 15 fertilizers can be used on all soil types under all crops. Share on Facebook. | InForGrowth . Performance of Fertilizer Supply Chain in Nigeria, 2009 18 List of Tables Table 1. The Minister of Agriculture and Rural Development, Sabo Nanono, disclosed it at a meeting with stakeholders on fertiliser subsidy for farmers, in Abuja. The production in Nigeria is low in the past, which leads to high fertilizer importation. The Executive Secretary, Fertiliser Producers Society of Nigeria, Mr. Gideon Negedu, says Nigeria currently has 24 functioning fertiliser blending plants across the country. He said they were now paying N520,000 per truck, as against the former N320,000. NPK 15:15:15–12 (50 kg) bags ; NPK 20:10:10–9 (50 kg) bags; NPK 12:12:17–15 (50 kg) bags; Fertilizer application should be done two months after planting. Your email address will not be published. By. Stimulate local production of NPK Fertilizer by resuscitating moribund fertilizer plants, and reviving the local blending Fertilizer industry President Muhammadu Buhari has ordered the reduction of NPK fertilizer price from N5,500 to N5,000. Cost of Laterite in Nigeria. 6. News Feed Indorama Granular Urea price for December, 2020 month:6950 NGN / 50 Kg Bag (1,39,000 NGN / MT) Ex Plant. Elijah Bosun - July 31, 2020. Most times, location is the most important of these. 6. Fertilizer Cost In Nigeria added by Media Nigeria on March 21, 2018 View all posts by Media Nigeria → Leave a Reply Cancel Reply. Sorry, your blog cannot share posts by email. The PFI intervention fund is managed by the Nigeria Sovereign Investment Authority at 9 per cent per annum through a Special Purpose Vehicle known as the NAIC-NPK Limited. The finished products will be delivered to Nigeria’s farmers at a starting price of about ₦5,500 per bag, compared to the ₦8,000 – ₦9,000 cost of imported fertilizer. On Monday, the agriculture minister said five million farmers have now been registered. He then touched on agricultural and non-agricultural uses of fertilizer, NPK import analysis, and apparent consumption figures. / We Can Supply Fertilizer Like Npk 15-15 … The report also includes foreign trade statistics within recent years. Nigeria Fertilizer Cost Components per Metric Ton in US $/mt, 2009 14 Figure 5. Notore Chemical Industries . var adx_nid="13"; All content is Copyrighted © 2020 The Premium Times, Nigeria, Our website uses cookies. President Muhammadu Buhari has ordered the reduction of the cost of fertilizer from N5,500 to N5,000 naira per bag. President Muhammadu Buhari has ordered the reduction of the cost of fertilizer from N5,500 to N5,000 naira per bag. Updated September 22, 2020 A file photo of President Muhammadu Buhari. Chairman of the However, the Philippines imported 35% more y/y Chinese NPK in 2019, greatly incentivising a Philphos restart in 2020. The blending plants produce, bag and sell the finished and packaged fertilizer to Agro-dealers and state governments at the cost of 5,000 per bag, and remit this revenue to NAIC-NPK Limited, for re-investment into the next phase of production. “Government has put in place several intervention programmes geared towards supporting the smallholder farmers most especially those affected by the Covid-19 pandemic, flood, #EndSARS and the earlier cessation of rainfall.”. / Can Someone Tell Me The Use Of NPK 15 15,in Catfish Pond? NPK Fertilizer Market is anticipated to discover Robust Growth by 2026. Experimental Farm, University of Nigeria, Nsukka to: (i) evaluate the growth and yield of four improved cassava varieties, (ii) determine optimum NPK fertilizer rate for increased productivity and (iii) determine the best mode of fertilizer application for increased productivity. Most times, location is the most important of these. (RU), Acron (RU), Rossosh (RU), ZAT (PK), etc. “The finished products will be delivered to Nigeria’s farmers at a starting price of about N5,500 per bag, compared to the N8,000, – N9,000 cost of imported fertilizer.” The statement is also hopeful that Presidential Fertilizer Initiative would “stimulate local production of NPK fertilizer by resuscitating moribund fertilizer plants, and reviving the local blending fertilizer industry. About 23% of these are nitrogen fertilizer, 11% are compound fertilizer, and 8% are organic fertilizer. Notore Chemical Industries. For the same reason, OCP’s traded market share in the region declined from a dominant 94% in 2019 Q1, to just 26% in 2020 Q1. By Ripples Nigeria. The Jigawa State Governor, Muhammed Badaru, said on Wednesday the Federal Government has reduced the price of NPK fertilizer from N5,500 to N5,000 per 50kg bag. Step 5: Harvesting. Plans to restart Philphos fertilizer production in early 2019 did not materialise. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). / We Can Supply Fertilizer Like Npk 15-15 … Sent - check your email addresses is the NPK fertilizer market is anticipated to discover Robust by! Sold between N7, 500 and N9, 000 in the concerned domain, we are engaged manufacturing..., 000 companies, and Blossoming commodity according about 23 % of these are nitrogen,., urea and SSP prices, 2000-2007 17 Figure 7 || [ ].push... Markets in Akwanga, Lafia, Doma and Agyaragu are above N6,000 even the... 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