‘Nigeria’s Fertiliser Imports Rise By 277.619MT’

Fertiliser statistics supplier, AfricaFertiliser, has revealed that the official fertiliser imports to Nigeria elevated by 65 per cent to 706,922MT in 2021 from 429,303 within the earlier yr.

The disclosure was made on Wednesday in the course of the fertiliser statistics overview for Nigeria (2017-2021) held in Lagos.

The overview, a partnership between AfricaFertiliser and the Worldwide Fertiliser Growth Centre had in attendance main fertiliser manufacturing firms within the nation, together with HortiNigeria, Dangote Fertiliser, Golden Fertiliser, OCP Africa, FEPSAN, amongst others.

Based on AfricaFertiliser, there was a restriction on foreign exchange on fertilisers and a ban on imported NPK 15-15-15 in Nigerian from the fourth quarter of 2018, which affected importation in 2019.

It stated Nigeria at the moment imports uncooked supplies to allow the native NPK business.

It added that there was a restructuring within the modalities of the PFI in 2020, from the allocation course of to demand-driven based mostly on capacities (finance, potential to mix) of fertiliser firms.

The variety of mixing crops was additionally stated to have elevated from 31 in 2020 to 52 on the finish of 2021.

Talking on the progress made inside the Nigerian fertiliser business within the final seven years, Senior Fertiliser Market analyst at AfricaFertiliser, Samuel Ali, stated that a lot of the coverage summersaults that negatively affected the business up to now was a results of an absence of dependable information.

He additional acknowledged that a lot progress had been made with regard to Nigeria’s aim of reaching self-sufficiency in fertiliser manufacturing with the investments made by the federal government and personal sector gamers lately.

He stated, “In case you observe the business critically, we struggled to get info prior to now, however now you possibly can simply go to the AfricaFertiliser web site and get all the knowledge you want.

“12 months in, yr out, we validate these statistics that present us how we’re doing in imports and the way we’re doing in consumption. So, the fertiliser imports which have elevated, we’re speaking concerning the uncooked supplies.

“That’s the uncooked supplies used for native manufacturing — MOP and DAP, that are used for native mixing.”

Based on him, it means that there’s extra demand for uncooked supplies, which is why the imports of those uncooked supplies are going up.

“If there is no such thing as a demand for extra NPK fertilisers to be produced, these uncooked supplies won’t be requested within the first place. Nigeria is step by step transferring to that time the place it doesn’t require any NPK element to be imported,” he defined.