Breaking Information | FEPSAN commends Buhari over foreign exchange ban on meals gadgets, fertilizer

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Breaking Information | FEPSAN commends Buhari over foreign exchange ban on meals gadgets, fertilizer

The President of the Fertilizer Producers and Suppliers Affiliation of Nigeria (FEPSAN), Mr. Thomas Etuh, has counseled President Muhammadu Buhari


The President of the Fertilizer Producers and Suppliers Affiliation of Nigeria (FEPSAN), Mr. Thomas Etuh, has counseled President Muhammadu Buhari for giving an order banning international trade for corporations importing fertilizer and a few staple meals gadgets.

Etuh described the president’s pronouncement as an illustration of his dedication to make sure self-sufficiency in meals manufacturing.

The FEPSAN boss famous that President Buhari has demonstrated unusual dedication to the event of the agricultural sector within the nation, urging Nigerians to assist the efforts geared in the direction of making the nation self-sufficient in meals manufacturing.

“FEPSAN is grateful to the President for his unusual dedication to Agriculture normally and the fertilizer trade specifically,” Etuh mentioned.

“His effort in the direction of rising this most crucial sector of the Nigerian financial system has continued to yield great dividends, particularly for the reason that launch of the Presidential Fertilizer Initiative in December 2016.

“As we speak, 35 fertilizer vegetation are working at full capability throughout the nation, using a whole lot of 1000’s of individuals straight and not directly, and supporting farmers with top quality fertilizer inputs.”

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He added that the billions of naira already invested within the agricultural sector by Nigerians and different international traders bear robust testomony to the boldness the non-public sector reposes within the capability of President Buhari to steer Nigeria to enhanced native agricultural improvement, employment era and meals safety.

Etuh mentioned it’s in response to the federal government’s dedication to enhancing the fortunes of the nation within the agriculture worth chain that members of the fertilizer affiliation have ramped up funding within the manufacturing of high quality, locally-adapted fertilizer which have been provided to native farmers.

He mentioned: “Mr. President, in his knowledge, understands the significance of native capability constructing within the total financial improvement of our expensive nation.

“Towards the probabilities of pressures from briefcase traders to pen-up the nation for the importation of all method of meals gadgets and agro inputs, we at FEPSAN admire his unwavering dedication in the direction of amplifying the features up to now recorded in banning the importation of fertilizer and different meals gadgets.

“He is aware of the significance of international trade conservation and prioritization of native capability constructing within the redistribution of earnings, and we’ll proceed to work with the Federal Authorities to make sure that the immense alternatives within the nation’s agricultural sector are absolutely exploited for the great of the nationwide financial system.”

He additionally thanked the Central Financial institution of Nigeria for the skilled means it has managed the anchor debtors programme, saying it has helped to re-energise the agricultural sector and empower farmers to multiply productiveness.



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