FG Revives 11 Fertiliser Blending Plants

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Vice President Professor Yemi Osinbajo

Eleven fertiliser blending plants with a capacity of 2.1 million metric tonnes (Mt) have been revived across the country, Vice President (VP) Yemi Osinbajo, has said. Osinbajo’s spokesman, Laolu Akande, made this known in a statement in Abuja.

He said the vice president spoke at the Fourth National Discourse on Food Security of the Companion at the University of Lagos. The VP said self-sufficiency in food production remained a major pillar of the economic policy of the President Muhammadu Buhari administration.

According to Osinbajo, President Buhari has set a clear direction with his declaration that Nigerians must produce what they eat and consume what they produce. The VP said to improve local blending capacity, a fertiliser programme had been launched in collaboration with Morocco.

He said the Federal Government backed the programme with substantial budgetary allocation to agriculture from N8.8 billion in 2015 to N46.2 billion in 2016; and N103.8 billion last year. Osinbajo said agriculture grew by 14.27 per cent last year.

He said through the Anchor Borrowers’ Programme, which the president launched in Kebbi in November 2015, credit was given to smallholder farmers, through the Central Bank of Nigeria (CBN) and 13 participating banks.

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