According to the statement, Mr Emefiele noted that the CBN currently has a balance of stock of fertiliser from the last planting season under the Anchor Borrowers’ Programme to the tune of 1.95 million bags and have committed additional 2.6 million bags for use during the 2022 programme.
Also speaking, FEPSAN president, Thomas Etuh appreciated President Buhari for commissioning two facilities by members of the association- Barbados blending plant in Kaduna and the Dangote Urea plant in Lagos- within two months.
‘‘Mr President, FEPSAN’s success is not only evident by the number of factories we commission, but also by the many pyramids of rice, maize and other crops you have been inspecting across the country, he said.
He said, ‘‘Mr President, before you created the PFI Initiative in 2016, Nigeria’s fertiliser production base was almost zero. We had less than 7 companies producing at 10 per cent of their installed capacity. Nigeria’s Urea output was reported at less than 300,000 tons.’’
Citing recent data from a fertiliser working group that reviews and validates consumption data spanning over 12 years, the FEPSAN president said Nigeria recorded its highest consumption of fertilisers at 1.8 million tons per annum in 2021.
He, therefore, assured Nigerians that the association is ready, willing and available to ensure that fertilisers are available in all parts of the country for the 2022 wet season.