Nigeria will become a net exporter of fertilizer within the next two years if the country maintains the present gains of the Presidential Fertilizer Initiative (PFI).
The Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN) noted this in a statement recently.
According to the body, the country sells agro input to Benin Republic, Chad, Cameroon and Niger Republic.
The statement noted that, “The export opportunity from fertilizer, will be made possible by the increased local production of fertilizer that has ramped up from a mere 500,000 metric tonnes pre-2015 to two million metric tonnes currently.
“Before the conceptualization and activation of the PFI, we had a situation where there were 32 fertilizer blending plants in Nigeria that were moribund.
“Out of this number, only five blending plants were functional and even then, they were producing at 10 percent capacity on the average and that was because of excessive emphases on importation.
“This also meant, by its very implication, that we were exporting our jobs even when we cannot provide jobs here in Nigeria. Foreign Exchange that is scarce is spent building other people’s economies.”