The Federal Government of Nigeria has reduced the price of NPK 20.10.10. Fertilizer from N5,500 to N5,000 per 50kg bag.
This was announced by the Chairman, Presidential Fertilizer Initiative, Governor Muhammad Abubakar Badaru while briefing newsmen in Dutse.
He explained that, the effort was part of the palliative measures introduced by President Muhammadu Buhari to provide relief to Nigerian farmers on account of the COVID – 19 pandemic.
“The market price for sale of PFI NPK 20.10.10 fertilizer to farmers and other end-users has been reduced from N5,500 to N5,000 per 50kg bag,” he said.
According to governor Badaru, from 2016 to 2019 the PFI delivered about 19 million 50kg bags of NPK 20.10.10 fertilizer from 22 blending plants across 13 states.
He maintained that, the preparation of 2020 PFI program is well underway, with commencement production of 29 participating blending plants across 15 states and releases for sale of over 1.4 million bags of NPK fertilizer to agro-dealers and other fertilizer distributors.
He assured Nigerians that despite the constraints of COVID-19 Pandemic, the PFI would continue to provide sufficient volumes of fertilizers for the wet season farming.
Thanks to federal government for the reduce of price fertilizer.