Buhari Orders The Reduction In The Price Of Fertilizer
President Muhammadu Buhari has ordered the reduction in the price of fertilizer.
The price of fertilizer has been reduced from N5,500 to N5,000 naira per bag. This was made known by the Vice Chairman of the National Food Security Council and the Governor of Kebbi State, Atiku Bagudu.
He made this known whiles speaking at a media briefing after the council met with the Chief of Staff to the President, Professor Ibrahim Gambari.
In his submission, he said;
“You are a living witness to the trend in the country. Before the program, fertilizer was sold for between N8,000 to N12,000 in 2016 and when we started the Presidential Fertilizer Initiative, it was brought down to N5,500 that is the NPK and this has been the trend for three years and now the president decided to reduce it by another N500.
So, you can sell fertilizer at N5000 to the farmers and the factory price at N4,500. This has been going on, but we have a problem with one of our key raw materials, urea that is being supplied by Indorama out of Port Harcourt.”