News

Nigeria to receive over one hundred thousand tonnes of fertilizer raw material from Russia, and Canada on June 3 and June 6 respectively

Nigeria to receive over one hundred thousand tonnes of fertilizer raw material from Russia, and Canada on June 3 and June 6 respectively This is according to the Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority, NSIA, Uche Orji, who disclosed this at the ministerial press briefing at the State House on Thursday. He stated that the Russia-Nigeria potassium link has been re-established in spite of the ongoing RussiaUkraine war. The expected Russian and Canadian potassium used for blending fertilizer is also part of efforts to ramp up production of the commodity in time for use by farmers in the current farming season.

He further affirmed that the current administration has so far committed over one hundred billion naira into the implementation of the ongoing Second Niger Bridge project under the Presidential Infrastructure Development Fund, PIDF. According to him, only nineteen billion dollar had been expended on the project before the coming of the current administration. He added that the money committed to the project and others including the Lagos-Ibadan Expressway, Second Niger Bridge, and Abuja-Kaduna-Kano Highway was part of the three hundred million dollars recovered from the Abacha loot.

Leave a Reply

Your email address will not be published. Required fields are marked *