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Fertiliser Imports Increase By 84% 

Fertiliser imports increased by 84% to N117 billion or $247.91 million in 2020.

ALEDEH News reports that fertiliser imports increased by $37.71 million in 2019 to $247.91 million, indicating an increase of 84.4 percent.

The International Trade Statistics (ITS) showed a breakdown of imports, according to country of origination to include Morocco, $128 million; Russia, $83.37 million; China, $17.15 million and Germany, which exported $11 million.

Meanwhile, data by the Nigerian Ports Authority’s (NPA) shipping position, during the period under review, revealed that three vessels offloaded 64,255 metric tonnes of fertiliser at the Lagos Port Complex.

The bulk of fertiliser was offloaded by Apapa Bulk Terminal Limited (ABTL) and ENL Consortium terminal at Lagos Port Complex by three vessels.

Fertiliser Imports Increase By 84% 

At ENL terminal, MV Saros B offloaded 11,255 tonnes of the input, while Wariya Naree and Cengiz Bay discharged 42, 000 tonnes and 11,000 tonnes at the port.

Nigeria imported 957,000 metric tonnes of the products through the ENL Consortium Terminal at the Lagos Port and JosepDam Terminal in Tincan Island Port in 2017.

TNigerian Government had intended to save $1.2 billion yearly when it was observed that the country’s plants can deliver over four million tonnes of Nitrogen, Phosphorus and Potassium (NPK) fertiliser yearly, while the highest quantity being utilised by farmers was 1.5 million tonnes.

However, only N164 billion (or $350 million) had been saved from payments on subsidy and import substitution through the implementation of the Presidential Fertiliser Initiative (PFI).

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