Business
FG Reiterates Commitment To Ban Fertiliser Importation
The Minister of National
Planning Commission (NPC), Dr Abubakar Suleiman, has said that the Federal government would soon introduce a policy that would ensure that products which the country has comparative advantage to produce, particularly fertiliser are not imported into the country.
Speaking in Kaduna State when he visited the Super Phosphate Fertiliser and Chemical Limited, in continuation of his monitoring tour of privatized companies under the Bureau of Public Enterprises (BPE),, the minister said, “we need to stop the importation of products we can produce in Nigeria including fertiliser. A policy statement will soon be released directing that what we can produce in Nigeria, we must not import”.
He said the current administration, through the Federal Ministry of Agriculture and Rural Development (FMARD) has ended the scam of fertiliser which was synonymous with the sector in the past, stressing that government was keen at further boosting the agricultural sector in the rural area, having had an impressive impact on Nigerians.
The minister assured that the Federal government would ensure that local producers of fertiliser do not suffer low patronage as the proposed ban on the importation would boost local patronage.
Sulaiman said if the country must address the issue of job creation and reduction of poverty, the local companies must be sustained and encouraged to expand their capacities for production.
However, the minister advised the company to beef up security in the firm by monitoring Closed Circuit Television (CCTV) and enlisting the support of the military as well as body scanners to ensure a better security to forestall a situation where insurgents could steal their products and cause harm in the country.
Briefing the Minister earlier, Chairman of the company, Alhaji Shehu Birman, commended the president for the faith reposed in the company by handing over the company to the private sector, a situation which according to him had resulted in the production of 5,000 metric tonnes of fertiliser as well as having the capacity to produce 70,000 tonnes yearly.
In a statement by Head of Information (NPC), Mr Salisu Haiba, he listed low patronage as a result of importation of fertilizers and electricity concern as major challenges confronting the company.
Business
Association Woos Govt, Coys On Boat Operators Employments
Business
FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters
Business
NIWA Harps On Avoidance Of Leaking Boats
-
News6 hours agoFG Begins Trial Of Over 600 Terrorism Suspects
-
News6 hours agoNigeria Won’t Surrender Any Territory To Criminals -Tinubu
-
Niger Delta3 hours agoWarri Airport Manager Disputes Air Peace Bird Strike Claim
-
Politics5 days agoSenate Extends 2025 Budget Implementation To Sept. 30
-
News6 hours agoRivers Judges Commence Annual Vacation, July 20
-
News6 hours agoRSG Reaffirms Commitment To Women’s Empowerment
-
News6 hours agoNDLEA Nets N6.15bn From Hotel, Seized Assets Auction
-
Sports5 hours agoNCF picks Squad For Namibia Tour Tri-Series
