Farmers have started accessing fertilisers at the new rate, which is about 50 per cent less than what obtained some weeks ago, SUNDAY PUNCH has learnt.
The Minister of Agriculture and Rural Development, Mr. Audu Ogbeh, had in January announced that the price of fertilisers would crash by half, down from N12,000/N10,000 to around N5,000.
Ogbeh also stated that a shipload of phosphate would arrive in Nigeria from Morocco and that blending of the product to manufacture fertiliser would commence immediately because Nigeria’s target in fertiliser production was between 700,000 and 800,000 tonnes per annum.
“Once the blending starts in the course of our negotiation, the price of fertiliser will fall by about 50 per cent,” the minister had stated.
Also, about two weeks ago, agro-dealers in Abuja stated that the shipload of phosphate had landed in Nigeria and that the price of the commodity would crash, although the product was not sold at the new rate then.
However,