President of the Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN), Sadiq Kassim has disclosed.
At the PFI-NPK stakeholders roundtable in Abuja, Kassim who is also the director of Corporate Affairs at the Tropical General Investment (TGI) Group, credited the success to public-private partnerships in driving industrial growth, particularly the critical role played by the Nigeria Sovereign Investment Authority (NSIA).
He also lauded President Bola Tinubu’s administration for their unwavering support given to the PFI.
Kassim also lamented industry’s challenges, including high production costs, logistical inefficiencies, and foreign exchange volatility.
In addressing those challenges, he proposed strategic initiatives such as expanding imported raw materials base to include micronutrients, establishing a fertiliser institute, and formalising NPK trade within the ECOWAS region.
Kassim also highlighted that the blending plants are all currently operating at nearly 70% capacity.
He pointed to the expansion in urea production, with significant players such as Dangote and Indorama boosting their output, further solidifying Nigeria’s position as a critical player in the global fertiliser market.
Looking ahead, Kassim expressed confidence in the industry’s ability to meet its ambitious goals.
He said, “Thanks to the Presidential Fertilizer Initiative (PFI), Nigeria has grown from five blending plants in 2016 to over 90 today, alongside three major urea production facilities, positioning the country as a leading fertiliser producer in Africa.
With continued collaboration, the Nigerian fertiliser industry is on track to not only meet domestic demand but also position itself as a major exporter within the ECOWAS region and beyond, driving the nation toward a more prosperous and food-secure future”.