Home
  • Register
Presidential Fertilizer Initiative Programme has commenced. Eleven blending plants are in now in full operation in different locations across the country. The fertilizer will be sold to farmers at a price of N5,500 per 50KG bag only by State Governments, registered distributors and dealers registered with FEPSAN. Intrested distributors/dealers to participate in the scheme can register with any of the blending plants and at FEPSAN office at No 1. NIDB Building, Muhammadu Buhari way, Kaduna. Whistle blower Nos: 08175777724, 08175077773

Disclosing this in Lagos, yesterday, at a Stakeholders Media Interactive Forum, organised by the Bureau of Public Enterprises (BPE), its Director-General, Dr. Alex Okoh, said the recapitalisation of BOA became imperative, as current capitalisation is negative.
Okoh explained that equity holding in the recapitalised bank will be in the ratio of 40 per cent to the Central Bank of Nigeria (CBN), and Ministry of Finance Incorporated (MOFI); 20 per cent to the private sector, and the remaining 40 per cent to active farmers.
He added that the recapitalisation, which is in line with current restructuring/commercialisation efforts, will also "lead to the emergence of an Agriculture Micro Finance Bank that will provide capital for small scale farmers thereby boosting productivity in the sector," just as "the process of appointing a Transaction Adviser to superintend the process is nearing completion."
This comes as the Bureau admitted that it would not be able to meet its share of about N300billion contribution to the N8.612 trillion 2018 National Budget before year end as expected.
The sum was expected to have been generated from the sale of some power plants in Nigeria, including Afam, Geregu, Calabar, and Omotosho, which process should have been completed this year.
Okoh revealed that the Yola plant, which was returned back to the government in 2015 by its previous core investor, Integrated Energy and distribution Management Services, was expected to have reached financial close by November, but for the delay in the appointment of transaction advisers for the process.
However, the sale of the asset and others billed for such purpose have now been moved to January 2019.
Regarding the success and perceived failure of the privatisation of the power sector, the Minister of Information, also Chairman, Stakeholders' Engagement Committee, National Council on Privation (NCP), Lai Mohammed, insisted that the process was a success given the milestones so far achieved by this administration.
Mohammed, during a Q&A, defended that the reason the Federal Government has not revoked some of the sales as being clamoured is because of its respect for the sanctity of contracts, contrary to accusations.
He said: "We (Government) did not want to send the wrong signals, so we didn't want to revoke any agreement entered into in the power sector," even as he agreed that the generation and distribution companies have not performed optimally.
As far as the Minister is concerned, significant milestones had been recorded in the sector since 2015, including plans to pump into the national grid, additional 2,000 megawatts (MW) by December, to bring capacity to about 9,000MW from less than 3,000MW upon takeover. This is in addition to expanding the transmission capacity to 5,000MW.
Aside from the provision of a N701-billion Power Assurance Guarantee, to assure gas suppliers and GenCos that government will pay for whatever power supplied to the DisCos, Mohammed reassured that once ongoing reforms gain higher ground, more impact would be felt.
He pleaded with all stakeholders, including the media to pass on the true information regarding the privatisation exercise to stem the push-backs and criticisms the process had generated.
He reiterated that the parts of the objectives of the commercialisation and privatisation exercise include abrogating public sector monopoly to give room for private sector participating in key sectors of the economy as well as creating policies to encourage and guide such participation and a host of others.
https://allafrica.com/stories/201810300065.html

Agriculture

fepsan gif4

FEPSAN TWITTER

Fertilizer Brands in Nigeria

Vinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.x

Messages to Farmers

  • Apply fertilizer wisely to avoid wastage
  • Attend trainings on fertilizer use and application
  • Obtain quality fertilizers from reputable suppliers especially FEPSAN distributors
  • Store unused fertilizer away from children, fire, rain and entry of foreign material.
  • Form groups/associations to benefit from group/association dynamics.
  • Allow your crops to fully mature to get quality and values
  • Report fertilizer adulteration to the appropriate authority

Upcoming Events

  • Fertilizer Outlook & Technology Conference, Date: 13 - 15 November, Venue: Jacksonville, Florida, USA Read more
  • Bringing Balanced Fertilizers to Smallholder Farmers Training, Date: November 19 - 23 2018, Venue: Abuja, Nigeria Read more

Some Useful Links

Golden Fertilizer         ||     TAK Agro
Notore
                         ||      Indorama
Chicason Group          ||      Dangote
CountrySTAT              ||     Farm Cafe Nigeria
FAO                            ||      USAID
IFDC                           ||      NABG
World Bank              ||     AFDB
IFAD                           ||     JICA

Guests Online

We have 147 guests and no members online

Fepsan Members

  


      
         

 

    


     
                                                   

Mission

To provide a platform for the stakeholders in the public and private sectors of the fertilizer industry to develop effective public private partnerships in order to ensure timely supply of adequate quantity and quality fertilizers; and to promote professional, moral and ethical practices in the industry.

Vision

Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizers....Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizer...................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Contact

2nd Floor Bank of Industry Building
18 Muhammad Buhari Way, Kaduna, Nigeria.
Mobile: +234 (803) 3174409
This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.

2nd Floor Bank of Industry Building 
18 Muhammad Buhari Way, Kaduna, Nigeria. 
Mobile: +234 (803) 3174409...................sssss