{"id":191089,"date":"2022-05-27T05:49:56","date_gmt":"2022-05-27T04:49:56","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=191089"},"modified":"2022-05-27T05:49:56","modified_gmt":"2022-05-27T04:49:56","slug":"nsia-fg-to-take-delivery-of-fertilisers-from-russia-canada-next-week","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/05\/27\/nsia-fg-to-take-delivery-of-fertilisers-from-russia-canada-next-week\/","title":{"rendered":"NSIA: FG to take delivery of fertilisers from Russia, Canada next week"},"content":{"rendered":"<p>Nigeria Sovereign Investment Authority (NSIA) has stated that the country will take delivery of potash from Russia and Canada next week.<\/p>\n<p>This was made known on Thursday by\u00a0<span data-preserver-spaces=\"true\">Uche Orji, managing director and chief executive officer (CEO), NSIA at a press briefing on the presidential fertiliser initiative (FPI) in Abuja.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The war in Ukraine has led to a scarcity of fertilisers owing to a plodding supply from Russia, Belarus, and Ukraine.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Russia is the world\u2019s number one exporter of nitrogen fertiliser and second in phosphorus and potassium <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/05\/24\/food-security-africa-should-be-providing-global-solutions-says-afdb\/\">fertilisers<\/a>.<\/span><\/p>\n<p>Recall that some media houses reported how supply shortage from <span data-preserver-spaces=\"true\">the country could worsen inflation in Nigeria.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The situation has heightened global concerns over the increasing food<\/span> crisis.<\/p>\n<p><span data-preserver-spaces=\"true\">But Orji said from next week, farmers would begin to access fertilisers in the country.<\/span><\/p>\n<p>\u201cIn 2022, I know one question many of you are going to ask me is, potash difficulties because there were headlines about potash. It was true. There was potash difficulty. About 30 per cent of the world\u2019s potash comes from Russia and Belarus. So, when the crisis started there was a blockade, there were sanctions and all kinds of issues, and we couldn\u2019t get potash,\u201d he said.<\/p>\n<p>\u201cBut now, I\u2019m glad to report that we have solved the potash problem. On June 3rd, the first vessel will arrive from Russia. On June 6th, the second vessel will arrive from Canada.<\/p>\n<p>\u201cThe President gave us the instruction to go and solve it, find it wherever you can, bring it into the county. We will have enough potash between now and the middle of June for all our needs for the year.<\/p>\n<p>\u201cLast year, we had enough to produce up to 40 per cent of the country\u2019s need in inventory in the warehouses, so that\u2019s coming out. Central bank is one of the big buyers, and they\u2019re releasing it.\u201d<\/p>\n<p>Orji also warned those hoarding fertilisers.<\/p>\n<p>He further assured farmers that the unavailability of potash, which was the biggest problem last year, has been solved earlier through the PFI, which seeks to drive fertiliser initiative.<\/p>\n<p>\u201cAnybody who is hoarding, it\u2019s not fair to do that. We have a food crisis, and there are agencies of government who are now involved in ensuring that people release what they have. We are going to unleash a whole bunch of supply. At the moment, we\u2019re struggling to clear them at the ports. We have two vessels discharging phosphate, and there\u2019s already more in the warehouses,\u201d Orji said.<\/p>\n<p>\u201cSo, I sense that as these things get into the market, by the time we get into the peak application season at end of June and July, I\u2019m hoping that this problem will be completely solved.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria Sovereign Investment Authority (NSIA) has stated that the country will take delivery of potash from Russia and Canada next week. This was made known on Thursday by\u00a0Uche Orji, managing director and chief executive officer (CEO), NSIA at a press briefing on the presidential fertiliser initiative (FPI) in Abuja. The war in Ukraine has led [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":191098,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[10154,2153,32166,27494,2923],"class_list":["post-191089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-belarus","tag-canada","tag-fertilizers","tag-nigeria-sovereign-investment-authority","tag-russia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NSIA: FG to take delivery of fertilisers from Russia, Canada next week<\/title>\n<meta name=\"description\" content=\"Nigeria Sovereign Investment Authority (NSIA) has stated that the country will take delivery of potash from Russia and Canada next week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/05\/27\/nsia-fg-to-take-delivery-of-fertilisers-from-russia-canada-next-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSIA: FG to take delivery of fertilisers from Russia, Canada next week\" \/>\n<meta property=\"og:description\" content=\"Nigeria Sovereign Investment Authority (NSIA) has stated that the country will take delivery of potash from Russia and Canada next week. 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