Nigeria's Fertilizer Becomes Top Non-Oil Export Earner

The Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN) president stated that fertilizer has emerged as Nigeria's largest non-oil export earner, as confirmed by the Central Bank of Nigeria (CBN). The potential for Nigeria's fertilizer manufacturing is significant, with a blending capacity nearing 10 million metric tons.

However, challenges such as inadequate port infrastructure and high competition in the international market hinder export capabilities. The president noted that while inquiries have been received from countries like Brazil for NPK fertilizer, logistical issues complicate fulfilling these orders.

Additionally, the price of fertilizer does not align with what farmers receive for their crops, impacting food security. The government is urged to reduce hidden costs associated with fertilizer production to support local farmers.

The FEPSAN president emphasized Nigeria's natural gas resources as a competitive advantage for producing nitrogen fertilizer, which could meet domestic demand and potentially serve neighboring countries.