Connect with us

News

Nigeria Becoming Fertiliser Powerhouse In Africa, Buhari Boasts

Published

on

President Muhammadu Buhari, yesterday, in Abuja, attributed Nigeria’s rising prominence as Africa’s fertiliser powerhouse to the implementation of the right policies by the present administration.
According to a statement by Special Adviser to the President on Media and Publicity, Femi Adesina, Buhari at an audience with the Executive Committee of Fertiliser Producers and Suppliers’ Association of Nigeria (FEPSAN) said: “With our over 70 blending plants operating, Nigeria is on its way to becoming Africa’s fertiliser powerhouse. And with our mega Urea production facilities, Nigeria is definitely a global player in the urea space.”
The president noted that this remarkable achievement, in a very short period of time, had ensured a steady flow of investments to the sector from the private sector; bringing prosperity to millions of Nigerians and good returns to the investors.
He expressed delight that the era of a persistent shortage of fertiliser in the country was now a thing of the past, commending FEPSAN for partnering with the government in the very patriotic backward integration project of enhancing the agricultural value chain.
He recounted steps taken by his administration to limit over-reliance on imports, ensure the availability of the commodity and achieve self-sufficiency in food production in the country.
“When this administration came to office in 2015, our focus was on three key areas; security, economy and tackling corruption,” he stated.
“For every nation to have peace and prosperity, its economy must be inclusive.
“For Nigeria, a predominantly agrarian nation, having an inclusive economy meant we needed to prioritise the enhancement of our agricultural value chain.
“We quickly identified the persistent shortage of fertilizer as a key reason for the low yields experienced on our farms.
“This historical scarcity of fertiliser was due to our over-reliance on imports and the inefficient participation of the Government in distributing this essential commodity to the farmers.
“As a government, it was very clear to us that these practices needed to change. Nigeria is naturally blessed with most of the raw materials needed to produce fertilisers.
“Nigeria has all the skills and manpower required to convert these raw materials to fertilisers. With the right enabling environment, Nigeria has entrepreneurs who are ready to invest in the sector.
“So, we went to work. And as the chairman of FEPSAN mentioned in his remarks, the rest is now history,” he said.
The president noted that a key indicator of the present government’s successful policies is the fact that the country had no shortages of fertilisers during the global COVID lockdowns.
“Today, I am pleased to hear your assurances that we will not have any shortages in Nigeria because of the Eastern European conflicts that have impacted the global fertiliser trade. All these trends indicate our backward integration policy was the right policy.”
Appreciating those who have invested and continue to invest in the sector, the president said: “Through these investments, you are double blessed as you are making profits and bringing prosperity to millions of Nigerians working in the agricultural value chain.”
In his remarks, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, said fertiliser remains a key input to achieving food security and in the realisation of this, the apex bank has continued to place great importance on its availability and accessibility by farmers to improve yield, productivity and ultimately, output.
Highlighting some CBN’s interventions, including the Real Sector Support Facility, Commercial Agriculture Credit Scheme, National Food Security Programme and the Presidential Fertiliser Initiative (PFI), Emefiele said a total of over N114.09billion has been disbursed to support the fertiliser industry in the last five years.
He explained that the interventions were long-term loans at concessionary interest rates to support domestic blending and distribution across the country.
Given the massive funding support received by FEPSAN members from the CBN, Emefiele announced that the bank is working with majors in the industry, such as Dangote and Indorama, to ensure that they sell Urea at discounted prices to the blending plants to ensure that the prices of fertiliser are moderated in the market.
“The bank will equally work with the blending plants to ensure that the blended fertilisers are made available to end-user farmers at affordable prices,” he said.
On the CBN Anchor Borrowers’ Programme, the CBN governor said the bank has disbursed N941.26billion to 4.2million smallholder farmers cultivating 21 agricultural commodities on 5.4million hectares of land across the country.
He added that for the 2021 wet season programme, the CBN disbursed N193.59billion to 923,699 farmers cultivating seven commodities on 1.16million hectares of land.
According to Emefiele, the CBN currently has a balance of stock of fertiliser from the last planting season under the Anchor Borrowers’ Programme to the tune of 1.95million bags and has committed additional 2.6million bags for use during the 2022 programme.
Also speaking, FEPSAN President, Thomas Etuh thanked Buhari for commissioning two facilities by members of the association – Barbedos blending plant in Kaduna and the Dangote Urea plant in Lagos – within two months.
“Mr President, FEPSAN’s success is not only evident by the number of factories we commission, but also by the many pyramids of rice, maize and other crops you have been inspecting across the country.
“Mr President, before you created the PFI Initiative in 2016, Nigeria’s fertiliser production base was almost zero. We had less than seven companies producing at 10 per cent of their installed capacity. Nigeria’s Urea output was reported at less than 300,000 tons,” he said.
Citing recent data from a fertiliser working group that reviews and validates consumption data spanning over 12 years, Etuh said Nigeria recorded its highest consumption of fertilisers at 1.8million tons per annum in 2021.
He assured Nigerians that the association is ready, willing and available to ensure that fertilisers are available in all parts of the country for the 2022 wet season.

Continue Reading

News

FG Targets Production Of Locally Made Vehicles By Dec

Published

on

The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

Continue Reading

News

Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

Published

on

The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

Continue Reading

News

Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

Published

on

A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

Continue Reading

Trending