ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Sunday, January 24, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Fertilisers used to illustrate the story.

Fertilisers used to illustrate the story. [PHOTO CREDIT: Vanguard]

FEPSAN Commends Federal Government’s Ban on NPK Fertilizers

byPress Release
November 22, 2018
2 min read
ADVERTISEMENT

The Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN) has commended the Federal Government of Nigeria for the total ban it recently placed on the importation of all blends of the nitrogen Phosphorous and Potassium (NPK) fertilizers.

FEPSAN believes the move will go a long way in stemming the importation of poor quality NPK fertilizer blends, boost local capacity and protect the soil from toxic fertilizers imported by unscrupulous business people.

In a statement signed by FEPSAN President, Thomas Etuh, the Association said the only way the Federal Government can demonstrate its commitment to improve agricultural production and boost local capacity is by taking such strong purposive steps that will position the entire agricultural value chain and allied industries to support the Nigerian economy while widening the already open opportunities for foreign exchange earnings.

Mr. Etuh said with the move, the government was already on the verge of saving more than N720 billion in foreign exchange, saved thousands of jobs while also creating the enablers for even more job creation in the agro-allied industry.

He stressed that NPK Fertilizer blends from Nigeria are produced with specific soil composition in mind, a situation that, unlike most imported blends which destroy the soil, preserves and adds value to soil nutrients.

“Fertilizer blending plants in Nigeria are growing and have demonstrated capacity to produce exactly what Nigerian farmers need to enrich Nigerian soil for improved food production. We have demonstrated this and have attestations from farmers to support this claim and when I say we have the capacity, I mean we have such capacity in quantitative and qualitative terms,” he stated.

The FEPSAN President added that members of the Association already have installed capacity at more than 20 blending plants spread across the country to produce up to four million tons of high quality NPK fertilizer blends, a figure that surpasses the 1.5 million tons, which the highest volume ever utilized by Nigerian farmers.

“We are aware that a lot more Nigerians are adopting agriculture as a business, especially in response to the Federal Government’s drive for food security. FEPSAN, in heeding the patriotic call for food security has placed itself in a position to ensure Nigerian farmers have all the best quality fertilizer the need. This also places us in a strong position to export to other countries in West and Central Africa, especially since we have capacity to produce more than what Nigerian farmers will need in the foreseeable future,” Mr. Etuh continued.

He said government has done the right thing because no economy that desires to grow should encourage the importation of what it has capacity to produce and at affordable prices.

RelatedNews

TAK Agro lists gains of PFI programme, accuses fertilizer cartel of trying to scuttle local production

2019: Nigerian farmers donate N1.7bn for Buhari campaign

Buhari speaks on Nigeria’s fertiliser programme

Obasanjo, Babangida, key Unity Bank shareholders, help bank hit N80 billion capital base — Ex-Official

He reminded Nigerians that through the combined efforts of the Federal Government, the Central Bank of Nigeria, the Nigerian Sovereign Wealth Fund and FEPSAN, the country had been saving as much as N60 billion annually in the subsidies hitherto paid for fertilizer imports while farmers now get the agro input round the year and at prices far lower than what was obtainable,even during the subsidy regime.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

Customs intercepts 40 containers of tramadol, aircraft

Next Post

Lagos spends N15bn on schools’ infrastructure – Ambode

Press Release

Press Release

More News

Ghana’s President, Nana Akufo-Addo. [PHOTO CREDIT: Council on Foreign Relations]

Akufo-Addo urges action against insecurity in ECOWAS

January 23, 2021
Union Bank of Nigeria

Union Bank’s principal owner ‘considering sale of 50% stake’

January 23, 2021
Nonso Eze, suspected to have killed his girlfriend

Man pushes girlfriend to death from five-storey building

January 23, 2021
Shehu of Dikwa [PHOTO CREDIT: @thekanemborno]

Shehu of Dikwa, Muhammad El-Kanemi, is dead – Official

January 23, 2021
COVID-19 vaccine [PHOTO CREDIT: The Economic Times]

India probes deadly blaze at AstraZeneca coronavirus vaccine production site

January 23, 2021
Governor Muhammad Badaru

Defection rumours in Jigawa APC after governor invites Tambuwal to commission projects

January 23, 2021
Next Post
Former Governor Akinwunmi Ambode of Lagos state [Photo credit: Instagram - akinwunmiambode]

Lagos spends N15bn on schools’ infrastructure – Ambode

FILE: President Goodluck Jonathan and other presidential candidates at the 2015 Presidential Election Debate

2019: Nigerian Election Debate Group releases dates for presidential debates

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.