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Nigeria secures 449,000 metric tonnes of fertiliser inputs to boost food security

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President Bola Tinubu has announced that Nigeria has secured more than 449,000 metric tonnes of fertiliser inputs—equivalent to about nine million bags—to support agricultural production and strengthen food security across the country.

The president disclosed this in a statement posted on his official X account on Thursday, describing the development as part of broader measures by his administration to fulfil its commitment to making Nigeria food-secure.

“As of May 2026, more than 449,000 metric tonnes of fertiliser inputs, equivalent to about nine million bags, had been secured, with 10 vessels discharged or in transit,” Mr Tinubu said.

He recalled that upon assuming office, his administration identified food security as a central pillar of its Renewed Hope Agenda.

“We promised to support our farmers, strengthen local production, reduce dependence on imports, and build an agricultural system strong enough to withstand shocks from beyond our borders.

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“That promise is being kept,” he said.

Fertiliser procurement challenges

Nigeria has long struggled with fertiliser procurement due to rising raw material costs, supply chain bottlenecks, and product diversion, challenges that have limited access for smallholder farmers who account for a significant share of domestic food production.

To address these concerns, the administration of former President Muhammadu Buhari entered strategic partnerships with Morocco in 2016 and Russia in 2019 under the Presidential Fertiliser Initiative (PFI), managed by the Nigeria Sovereign Investment Authority (NSIA).

The initiative began with a Memorandum of Understanding aimed at reviving dormant fertiliser blending plants and importing discounted phosphate from Morocco. In 2021, the partnership expanded into a $1.3 billion basic chemicals platform designed to support local production of ammonia and fertilisers.

The arrangement increased the supply of raw materials to blending plants, boosted domestic production capacity and reduced fertiliser costs. However, challenges, including diversion and sabotage within parts of the value chain continued to limit access for farmers.

Experts have linked inadequate fertiliser availability to declining agricultural yields, rising food prices and worsening food insecurity.

Nigeria’s food system has come under increasing pressure in recent years due to recurrent flooding, insecurity in farming communities, rising transportation costs following fuel subsidy removal, and broader structural challenges.

According to the United Nations World Food Programme (WFP), about 35 million Nigerians are projected to experience acute food insecurity during the 2026 lean season.

Global disruptions

Mr Tinubu said disruptions in global supply chains and rising costs of key fertiliser inputs, worsened by conflict in the Middle East, posed significant risks to countries dependent on imported raw materials.

For Nigeria, he said, the potential consequences included fertiliser shortages, higher input costs, reduced productivity and increased food prices.

“I am pleased to inform you that we moved early,” the president said.

He explained that through the Presidential Fertiliser Initiative, now restructured under the Ministry of Finance Incorporated (MOFI), the government strengthened procurement systems, secured critical raw materials, signed forward contracts and improved coordination across the fertiliser value chain.

According to him, these measures helped shield Nigeria’s fertiliser blending industry from the worst effects of global market disruptions.

Mr Tinubu said the government remains on course to deliver a 1.1 million metric tonne fertiliser programme in 2026, equivalent to about 22 million bags.

He added that strategic contracting for key inputs generated savings of N61.58 billion in 2026 alone, helping to keep fertiliser prices relatively affordable for farmers.

Supporting farmers

The president noted that Nigeria currently has more than 90 operational fertiliser blending plants, giving the country the largest blending capacity in Sub-Saharan Africa.

“This capacity means jobs, local production, industrial growth and greater resilience for our food system,” he said.

Mr Tinubu stressed, however, that securing fertiliser inputs and maintaining production capacity would only be meaningful if the products reach farmers on time.

To address this, he said the government launched the Renewed Hope Farm Input Support Programme (RH-FISP) through the National Agricultural Development Fund (NADF).

READ ALSO: Tinubu speaks on power sector challenges, pledges reforms

Under the programme, 515,720 bags of locally produced fertiliser are being distributed to 128,930 smallholder farmers across 25 states and the Federal Capital Territory during the current planting season.

The NADF is also supporting modern agricultural practices through digital extension services, harmonised fertiliser application guidance and targeted interventions for priority crops such as rice, maize, cassava and soybean.

“Our administration will not relent in its efforts to protect farmers, raise productivity, strengthen the agricultural value chain, support local industry and ease pressure on food prices over time,” Mr Tinubu said.

“This is the meaning of promise made, promise kept. We will continue to take practical steps to strengthen Nigerian agriculture and protect food security for every Nigerian.”


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NDLEA intercepts South African lady with 3-year-old son as cover to traffic heroin

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A 38-year-old South African lady, Ms. Will Jessica Ann has been arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) at the Nnamdi Azikiwe International Airport (NAIA) Abuja after she was found to have concealed 14 large blocks of heroin weighing 5.75 kilograms in her luggage, using her three-year-old son as a cover to beat security checks and evade thorough screening.

The suspect was arrested by NDLEA officers on Monday 6th July 2026 during the inward clearance of passengers on Qatar Airways flight QR 1433 from Doha to Abuja. Though she initially denied travelling with check-in bags, but after operatives were able to quickly establish that the two bags containing the drugs had tags which tallied with the claim tags attached to her passport, she recounted and admitted ownership of the bags adding that she forgot she checked in the two bags.
She claimed to have travelled from Cambodia through Doha to Abuja. Intelligence leading to her arrests indicates she is a member of a transnational drug trafficking organization along with her husband/partner, Jan Coenraad De Jager, based in Cambodia from where they operate their drug network along the Cambodian-South African axis.
In another successful interdiction operation, NDLEA officers at the terminal 2 arrival hall of the Murtala Muhammed International Airport (MMIA) Ikeja Lagos on 28th June 2026 intercepted a commercial motorcycle operator popularly known as ‘Okada rider’, 48-year-old Onyechere Daniel Chinadu following his arrival from Madagascar via Addis Ababa aboard an Ethiopian Airways flight.
A thorough search of his back pack, which he had checked in, led to the discovery of 87 wraps of methamphetamine concealed within cloths in his bag. In his statement, Onyechere claimed he has been working for 15 years as an Okada rider at Oke-Afo area of Lagos before his Uganda based friend recruited him into drug trafficking.
He said he ingested the recovered pellets of methamphetamine in Uganda before embarking on his planned journey to Madagascar to deliver the drug consignment. He however said that upon arrival in Madagascar, he was denied entry by Immigration authorities. As a result, his friend and sponsor, Ozor Igo, based in Uganda rerouted his flight to Lagos, where he was eventually arrested by NDLEA officers.
The suspect was unable to state the exact number of pellets he had ingested in Uganda and as a result, he was placed under excretion observation for a period of three days. Between the date of his arrest and 1st of July, he was able to excrete 13 pellets in addition to the initial 87 wraps recovered from him, bringing the total number to 100 wraps of methamphetamine with a gross weight of 1.715 kilograms.
At the Apapa seaport in Lagos, a total of 8,287 nylon bags of Canadian Loud weighing 4,143.5 kilograms worth over N10.3 billion in street value were discovered in a container imported from Canada during a joint examination of the shipment by NDLEA officers, Customs personnel and other security agencies on Friday 10th July 2026.
The discovery followed weeks of targeted tracking and monitoring of the shipment since its departure from Montreal, Canada, by operatives of the Maritime Intelligence Unit of NDLEA in close collaboration with the Apapa Strategic Command of the Agency. Meanwhile, an attempt to export a 2.5kg skunk, a strain of cannabis, concealed in a gas compressor going to Cyprus through a courier company in Lagos has been thwarted by NDLEA operatives of the Directorate of Operation and General Investigation(DOGI).
With the same zeal, Commands and formations of the Agency across the country continued their War Against Drug Abuse (WADA) sensitization activities in schools, worship centres, work places and communities among others in the past week. These include: WADA enlightenment lecture for students and staff of Nnodo Secondary School, Abakaliki, Ebonyi; Government Girls Secondary School, Sabon Gida, Sharada, Kano; Royal Jesuit College, Agbado Ekiti; and Community Secondary School, Idofa, Ogun, while the leadership of Zone 14 Command of NDLEA paid a WADA advocacy visit to Rivers State Governor, Sir Siminalayi Fubara at Government House Port Harcourt, among others.
While commending the officers and men of DOGI, MMIA, NAIA, MIU, and, Apapa Commands of the Agency for the arrests and seizures, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) noted their drug supply reduction efforts balanced with WADA sensitization activities while he charged them and their compatriots across the country not to rest on their past laurels.

The post NDLEA intercepts South African lady with 3-year-old son as cover to traffic heroin appeared first on Business Today NG.

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Zenith Bank, Unilever, BUA Cement top stock pick this week

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The earnings’ season is here once more, with the half-year period already gone past and the publication of corporate results set to commence any moment soon.

The largely positive investor sentiment that dominated trade in that period drove a sweeping rally in Nigerian stocks January though June. That positive has made the country’s equity market the best-performing in the world in dollar terms.

If half-year corporate reports come out stronger than they were a year ago, the market could ride on that momentum to turn out a fabulous yield that could meet investors’ expectations in the short term.

“Nevertheless, we expect pockets of bargain hunting to emerge as investors gradually position ahead of the H1:2026 earnings season, particularly in fundamentally sound stocks that have become more attractively valued following the recent market pullback,” analysts at Meristem Securities said in their note to investors last week.

“We also expect companies with strong earnings prospects and attractive interim dividend potential to continue attracting selective buying interest.”

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PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

Zenith Bank

Zenith Bank tops this week’s pick on the basis of its strong fundamentals and for trading below its intrinsic value. The lender’s net profit ratio (NPR) is 21.8 per cent, while the price-to-earnings (PE) ratio is 4.4x. Its 14-day relative strength index (RSI) is 41.6.

Unilever

Unilever makes the selection for its strong fundamentals. The NPR of the consumer goods company is 14.8 per cent, while the PE ratio is 21.4x. Its 14-day RSI is 14.1.

BUA Cement

BUA Cement appears on the pick on the basis of its attractive fundamentals. The NPR of the cement manufacturer is 36.4 per cent, while the PE ratio is 25.5x. The 14-day RSI is 0.

READ ALSO: Zenith Bank backs Canada-Africa Business Conference to deepen trade, investment ties

Coronation Insurance

Coronation Insurance makes the selection by virtue of its strong fundamentals. The NPR of the insurer is 19.8 per cent, while the PE ratio is 8.1x. Its 14-day RSI is 46.2.

UACN

UACN makes the cut based on its strong fundamentals. The NPR of the conglomerate is 2.3x, while the PE ratio is 26.2x. Its 14-day RSI is 53.

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