Farmers In Distress As Fertilizer Price Soars
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- Agribusiness Africa
- February 22, 2024
- News & Analysis
Farmers across Nigeria are facing escalating costs of fertilizers crucial for the upcoming rainy season, which could jeopardize food production. Prices have soared, with variations across states: in Plateau, NPK 15:15:15 hits N43,000; in Niger, Urea rose to N36,000 from N25,000; and in Benue, Urea remains N35,000 while NPK ranges from N28,000 to N30,000. This trend has forced small-scale farmers in Katsina to suspend vegetable farming due to capital constraints. Amidst concerns over government support reaching real farmers, stakeholders call for subsidies and incentives to alleviate costs and ensure adequate fertilizer supply nationwide.
Source: Daily Trust
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The escalating cost of fertilizer in Nigeria is raising concerns among farmers nationwide as the rainy season approaches, potentially jeopardizing food production. Prices have surged across various states, with reports indicating significant increases: NPK 15:15:15 at N43,000 in Plateau State, Urea at N36,000 in Niger State (up from N25,000), and Urea at N35,000 in Benue State. Farmers in Kwara State are grappling with prices soaring from N22,000 to N40,000 per bag. In Taraba State, prices range between N25,000 and N29,000 for NPK and N35,000 and N39,000 for Urea.
Small-scale farmers in Katsina State are particularly affected, leading some to suspend vegetable farming due to insufficient capital for purchasing fertilizer. The situation underscores the challenges faced by farmers, who rely on subsidies and affordable inputs to sustain their livelihoods. Despite government initiatives, such as the promise of subsidized fertilizer, concerns remain about the effectiveness of these interventions in reaching grassroots farmers. Farmers and experts emphasize the need for innovative solutions from the government, including subsidies, incentives for local production, and the promotion of organic alternatives. These measures are crucial to alleviate the financial burden on farmers and ensure sustainable agricultural productivity.