FG cuts fertiliser price by half 

President Muhammadu Buhari has approved the payment of the outstanding N22 billion that is meant for dealers of agricultural inputs, popularly known as agro-dealers, in order to ensure the seamless distribution of fertilisers at an approved rate of N5,500 for 50kg.

Earlier this year, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, announced that the Federal Government was working out measures that would lead to the crash in the price of fertiliser by 50 per cent.

Farmers across the country have often complained of the high cost of
fertiliser, stating that a 50kg bag is currently being sold for N10,000 to
N12,000, adding that accessing the commodity was also another serious
challenge.

As part of measures to bring down the price of the commodity and enhance its distribution, the National Chairman, Agro-dealers Association of Nigeria, Mr. Kabiru Fara, told journalists in Abuja on Wednesday that Buhari had to approve the payment of the balance of N22 billion out of the N66 billion that was owed the agro-dealers by the previous government.