Stakeholders seek transparency in N46 billion fertilizer deal


Stakeholders in the fertilizer development sector have faulted the secrecy with which a N46 billion deal between Nigeria and Morocco is being handled. In a January 17, 2017 petition signed by representatives of eight different fertilizer firms and submitted to the Senate, the firms alleged racketeering of the product by some vested interests.

Mr. Felix Okonti who led seven others petitioners, accused some highly placed persons of hijacking the deal. Nigeria and Morocco had, a few weeks ago, signed a multi-billion naira fertilizer deal, involving tons of fertilizer shipment from Morocco to Nigeria for the benefit of farmers.

Okonti however, said instead of involving genuine fertilizer firms in the deal, a few privileged individuals had cornered the entire process. According to the complainants, the fertilizer cabal that was dismantled by the previous administration had regrouped and become more vicious under the present administration.

- Advertisement -First Bank mobile money