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Home Uncategorized Do you know...?The Presidential Fertilizer Initiative.....

Do you know…?The Presidential Fertilizer Initiative…..

The Presidential Fertilizer Initiative…..

@Do you know….? 

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Launched in January 2017, as a Government-to-Government agreement with the Kingdom of Morocco

More than a million metric tonnes of fertilizer produced since 2017. This translated to the distribution of more than 18 million 50kg bags of NPK fertilizer in the first three years of the PFI)

22 blending plants resuscitated (combined installed capacity of more than 2.5m MT)

Price reduction from 9,000-11,000 per bag, to 5,500

FX savings of $150m annually through the substitution of imported components with locally manufactured ones

Subsidy savings of 50 billion Naira annually

 

KATSINA CITY NEWShttps://www.katsinacitynews.com
Danjuma Katsina, Dan Jarida, Manazarci, Marubuci, Mamallakin Jaridun KATSINA CITY NEWS, JARIDAR TASKAR LABARAI, THE LINKS NEWS, a karkashin Kamfanin MATASA MEDIA LINKS NIGERIAN LTD

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