Cloudy Weather Report Ramallah, Palestine +4°C, Cloudy




Latest News

View more

Human traffickers smile to the bank with $150b yearly - Report

At least 21 million people are victims of human trafficking, the UN Secretary-General António Guterres said on Wednesday, adding that the traffickers are smiling to

26 payment options for DSTV

You can easily make a payment for needed DSTV subscription using following DSTV payment methods or at popular Multichoice Africa branch close to you. Choose

How Nigerian Army's poor intelligence makes them harass innocent civilians

- There have been a series of credible reports on the Nigerian army’s abuse of civilians - But the army has always insisted that it observes

This country kills its people: See what happened at Marina

- NPA pensioners have carried out a protest in Maria, Lagos state - The protest was held in demands of their rights and benefits - Reports suggest

BREAKING: 1 injured as letter bomb explodes (photos)

A letter exploded when it was opened at the offices in central Paris of the International Monetary Fund (IMF) on Thursday and one person was

Nigeria military makes revelation on why Nigeria has not imploded

- The Nigeria army is the force keeping the peace within the nation, says Major General John Enenche - Enenche says the country has survived crisis

Worth Reading

Apostle Suleman’s Accuser Holds Another Interview. See What She Wore This Time (Photos)

Stephanie Otobo, the woman who is accusing the overseer of the Omega Fire Ministries Worldwide, Apostle Johnson Suleman, of being involved in a romantic affair

Girls And Their Weird Photograph Poses (Photos)

Sometimes it’s Very disgusting, and they’ll be feeling like slay queens. If its not scissors stance its polio

Nigeria’s Hairiest Lady, Queen Okafor Once Again Exposes Her Major Cleava’ge (Ph0t0s)

Nigeria’s Hairiest Lady, Queen Okafor Once Again Exposes Her Major Cl3avage She’s reminding every one of us that she’s as yet the Queen of hairs!!! See

Columnists

View more

Africa

View more

Good news as Buhari approves N22bn for farmers, endorses slash of fertiliser cost

- President Muhammadu Buhari has approved the payment of the outstanding N22bn for dealers of agricultural inputs, popularly known as agro-dealers

- The approval will ensure seamless distribution of fertilisers at an approved rate of N5, 500 for 50kg which he has also endorsed

- The presidency had detailed the policy on agriculture in February, stating that the administration’s efforts on fertilizer availability and accessibility was working

President Muhammadu Buhari has approved the payment of the outstanding N22bn for dealers of agricultural inputs, popularly known as agro-dealers.

Buhari approves N22bn for farmers, endorses slash of fertiliser cost

President Muhammadu Buhari

This is to ensure seamless distribution of fertilisers at an approved rate of N5, 500 for 50kg which he has also endorsed.

READ ALSO: Fertiliser companies in the country have the capacity to produce 1m tonnes - Presidential committee

It was gathered that the presidency had detailed the policy on agriculture in February, stating that the administration’s efforts on fertilizer availability and accessibility was working.

The policy was drawn after farmers complained that a 50kg bag of fertilizer was selling for N10, 000 to N12, 000.

Speaking on Wednesday March 15, the National Chairman, Agro-dealers Association of Nigeria, Mr Kabiru Fara, told journalists that Buhari approved the payment of the balance of N22bn that was owed the agro-dealers by the previous government to ease their challenges.

He said: “The presidential initiative on fertiliser distribution is too important. We are happy with it because it will help the farmers get inputs at affordable prices and we are the ones who serve as a link between the farmer and the supplier.

“However, our bankers and suppliers are not happy in dealing with us for now, because we have their money hanging, as well as some of our money that are still not paid.

“This liability was not incurred by the present administration, but we are happy that they have agreed to pay. We understand that Mr. President has approved expressly that the liability be paid.

“The total amount is about N62bn, a first payment of N20bn was made, another payment of N20bn followed, which was about a year ago, and the balance now is N22bn, which the President has approved that it be paid to agro-dealers expressly. We are grateful for that.”

He stated that agro-dealers would use part of the money to make purchases as well as distribute the commodity, and urged the Federal Government to ensure the speedy release of the funds.

Fara added: “We will use this payment to buy what fertiliser producers produce and distribute it across the market at N5, 500.

“So, releasing our money will make the presidential initiative on fertiliser distribution easy but without that payment, which we don’t know why, it will be difficult for some of our members to buy and distribute.

Buhari approves N22bn for farmers, endorses slash of fertiliser cost

Government official distributing bags of fertiliser to farmers

“You may have pockets of agro-dealers who have money to buy, but the product will not come as fast as needed in order to ensure availability and the prices may not be as affordable as expected.

“Our recommendation is that the presidential initiative team should look at the issues of logistics and factor how fertilisers are to be delivered to centres where they are needed at N5,000 per bag.

PAY ATTENTION: Nigeria News NAIJ.com - Android Apps on Google Play

“For they say agro-dealers’ money should be N500, but when you check the distances to transport the commodity, N500 won’t be enough in many instances.

“So, we want the government to look at ways of getting the product to any location in Nigeria at a fixed price, whether at N5,000 or a little above that so that it can be sold at the approved price of N5,500 per bag.”

[embedded content]

Tags

No tags for this article
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Nigeriadailynews.com. Nigeriadailynews.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.

Related Articles

Finance: 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, GOOS, TSLA, GPRO, ORCL)

Here is what you need to know. Janet Yellen made an unsettling admission about the economy. The Fed raised its benchmark interest rate 25 basis points

Good news as Buhari approves N22bn for farmers, endorses slash of fertiliser cost

- President Muhammadu Buhari has approved the payment of the outstanding N22bn for dealers of agricultural inputs, popularly known as agro-dealers- The approval will ensure

As cooking gas price increases by 5%, these new prices will leave you distubed

Residents of Edo, Abia, Akwa Ibom, Bayelsa, Cross River, Zamfara, Rivers and Kebbi and Delta states paid the highest price for the refilling of a

Most Watched Videos

View all posts

Most Read News

View all posts

Most Watched Movies

Inside Beauty 2

Nigerian Movies 2017|latest nollywood movies| 2017 Nigerian movies A twin born lady who was born with a scar on her face which made her feel

Go Slow 2

After receiving a letter from their brother Obinna, Shanka and Loco accompanied by Zoro have now sort to an alternative means of getting money, while

The Forbidden Land

This story is about a wicked king who takes people's lands by force and treats his people badly.Meanwhile his priest saw a vision about a