Nigeria saves $200m yearly from fertiliser plants’ revival, says Osinbajo (Nation)

The Federal Government is determined to achieve food security. It plans to revive 20 fertiliser blending plants this year. Vice President Yemi Osinbajo says the revival of 11 of the plants is saving the country $200 million yearly. The Federal Government is counting the gains of its investments in the reactivation of fertilizer blending plants that were hitherto moribund. The revitalisation of plants had saved the country over $200 million dollars annually in foreign exchange. Vice President Osinbajo, who broke in his keynote address at the 17th Joint Planning Board and National Council on Development Panning meeting in Abeokuta, said the reactivation of the plants had also saved the government over N60 billion in budgetary provisions for fertiliser subsidies. Read more